Lakeland Bancorp, Inc operates as the bank holding company for Lakeland Bank that provides various banking products and services for individuals and small to medium sized businesses. It offers commercial banking services, including savings, money market, and time accounts, as well as demand deposits; lending solutions, such as short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, mortgage loans, small business administration loans, commercial real estate loans, commercial and industrial loans, and equipment financing, as well as merchant credit card services; and Internet banking, mobile banking, wire transfer, night depository, and cash management services.
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Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Phone973-697-2000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$283.28 million
Profitability
Miscellaneous
Employees652
Next Earnings Date5/4/2020 (Estimated)
OptionableOptionable
Lakeland Bancorp (NASDAQ:LBAI) Frequently Asked Questions
What is Lakeland Bancorp's stock symbol?
Lakeland Bancorp trades on the NASDAQ under the ticker symbol "LBAI."
How often does Lakeland Bancorp pay dividends? What is the dividend yield for Lakeland Bancorp?
Lakeland Bancorp announced a quarterly dividend on Monday, January 27th. Stockholders of record on Tuesday, February 4th will be paid a dividend of $0.125 per share on Friday, February 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Monday, February 3rd. View Lakeland Bancorp's Dividend History.
How were Lakeland Bancorp's earnings last quarter?
Lakeland Bancorp, Inc. (NASDAQ:LBAI) posted its quarterly earnings data on Thursday, October, 24th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. The financial services provider earned $55.38 million during the quarter, compared to the consensus estimate of $56.27 million. Lakeland Bancorp had a return on equity of 10.16% and a net margin of 24.95%. View Lakeland Bancorp's Earnings History.
When is Lakeland Bancorp's next earnings date?
What price target have analysts set for LBAI?
3 brokerages have issued 1 year target prices for Lakeland Bancorp's shares. Their forecasts range from $17.00 to $19.00. On average, they anticipate Lakeland Bancorp's share price to reach $18.00 in the next twelve months. This suggests a possible upside of 11.2% from the stock's current price. View Analyst Price Targets for Lakeland Bancorp.
What is the consensus analysts' recommendation for Lakeland Bancorp?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lakeland Bancorp in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Lakeland Bancorp.
What are Wall Street analysts saying about Lakeland Bancorp stock?
Here are some recent quotes from research analysts about Lakeland Bancorp stock:
- 1. According to Zacks Investment Research, "LAKELAND BANCORP INC. is a bank holding company engaged in general banking business. " (1/29/2020)
- 2. Boenning Scattergood analysts commented, "We note the company also recently increased the common dividend by 9% (2.9% dividend yield). As such, we believe the risk/reward profile is attractive today with shares trading at a discount to peers on a P/E basis (11.0x 2019E vs. 12.0x). We are upgrading our rating to Outperform and establishing a $19.00 price target." (4/30/2019)
Has Lakeland Bancorp been receiving favorable news coverage?
News stories about LBAI stock have trended neutral recently, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Lakeland Bancorp earned a media sentiment score of 0.4 on InfoTrie's scale. They also gave news headlines about the financial services provider a news buzz of 9.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future. View News Stories for Lakeland Bancorp.
Are investors shorting Lakeland Bancorp?
Lakeland Bancorp saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 922,000 shares, an increase of 24.3% from the January 15th total of 741,700 shares. Based on an average daily volume of 113,100 shares, the short-interest ratio is currently 8.2 days. Approximately 1.9% of the shares of the company are short sold. View Lakeland Bancorp's Current Options Chain.
Who are some of Lakeland Bancorp's key competitors?
Some companies that are related to Lakeland Bancorp include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), M&T Bank (MTB), Fifth Third Bancorp (FITB), First Republic Bank (FRC), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), Signature Bank (SBNY), East West Bancorp (EWBC) and TCF Financial (TCF).
What other stocks do shareholders of Lakeland Bancorp own?
Who are Lakeland Bancorp's key executives?
Lakeland Bancorp's management team includes the folowing people:
- Mr. Thomas J. Shara Jr., Pres, CEO & Director (Age 61)
- Mr. Thomas F. Splaine Jr., Exec. VP & CFO (Age 53)
- Mr. Ronald E. Schwarz, Sr. EVP & COO (Age 64)
- Mr. Timothy J. Matteson, Exec. VP, Chief Admin. Officer, Gen. Counsel & Corp. Sec. (Age 50)
- Mr. John F. Rath III, Exec. VP & Chief Lending Officer (Age 60)
Who are Lakeland Bancorp's major shareholders?
Lakeland Bancorp's stock is owned by many different of retail and institutional investors. Top institutional investors include Banc Funds Co. LLC (2.97%), Renaissance Technologies LLC (2.19%), State Street Corp (2.17%), Geode Capital Management LLC (1.42%), Bank of New York Mellon Corp (0.76%) and LSV Asset Management (0.70%). Company insiders that own Lakeland Bancorp stock include Brian Gragnolati, Edward B Deutsch, James E Hanson II, Mary Ann Deacon, Robert K Nicholson III and Thomas Shara. View Institutional Ownership Trends for Lakeland Bancorp.
Which major investors are selling Lakeland Bancorp stock?
LBAI stock was sold by a variety of institutional investors in the last quarter, including Oxford Asset Management LLP, LSV Asset Management, Hotchkis & Wiley Capital Management LLC, Assenagon Asset Management S.A., Guggenheim Capital LLC, Bank of America Corp DE, Foundry Partners LLC and Banc Funds Co. LLC. View Insider Buying and Selling for Lakeland Bancorp.
Which major investors are buying Lakeland Bancorp stock?
LBAI stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Renaissance Technologies LLC, Goldman Sachs Group Inc., Bank of New York Mellon Corp, State Street Corp, Acadian Asset Management LLC, AQR Capital Management LLC and Barclays PLC. Company insiders that have bought Lakeland Bancorp stock in the last two years include Brian Gragnolati, James E Hanson II, Mary Ann Deacon, Robert K Nicholson III and Thomas Shara. View Insider Buying and Selling for Lakeland Bancorp.
How do I buy shares of Lakeland Bancorp?
Shares of LBAI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is Lakeland Bancorp's stock price today?
One share of LBAI stock can currently be purchased for approximately $16.18.
How big of a company is Lakeland Bancorp?
Lakeland Bancorp has a market capitalization of $817.06 million and generates $283.28 million in revenue each year. The financial services provider earns $70.67 million in net income (profit) each year or $1.43 on an earnings per share basis. Lakeland Bancorp employs 652 workers across the globe.View Additional Information About Lakeland Bancorp.
What is Lakeland Bancorp's official website?
How can I contact Lakeland Bancorp?
Lakeland Bancorp's mailing address is 250 OAK RIDGE RD, OAK RIDGE NJ, 07438. The financial services provider can be reached via phone at 973-697-2000.
MarketBeat Community Rating for Lakeland Bancorp (NASDAQ LBAI)
MarketBeat's community ratings are surveys of what our community members think about Lakeland Bancorp and other stocks. Vote "Outperform" if you believe LBAI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LBAI will underperform the S&P 500 over the long term. You may vote once every thirty days.
