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NASDAQ:LBAILakeland Bancorp Stock Price, Forecast & News

$11.44
+0.24 (+2.14 %)
(As of 08/12/2020 04:00 PM ET)
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Today's Range
$11.37
Now: $11.44
$11.70
50-Day Range
$9.85
MA: $10.58
$11.44
52-Week Range
$8.31
Now: $11.44
$17.63
Volume153,500 shs
Average Volume190,835 shs
Market Capitalization$577.35 million
P/E Ratio9.45
Dividend Yield4.37%
Beta0.97
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. The company also provides consumer banking services, including checking accounts, savings accounts, money market accounts, certificates of deposit, secured and unsecured loans, consumer installment loans, mortgage loans, and safe deposit services, as well as Internet banking services. In addition, it offers investment and advisory services; and non-deposit products, which include securities brokerage services, including mutual funds and variable annuities. As of January 28, 2019, the company operated 54 branch offices throughout Bergen, Essex, Morris, Ocean, Passaic, Somerset, Sussex, and Union counties in New Jersey; 6 New Jersey regional commercial lending centers in Bernardsville, Jackson, Montville, Newton, Teaneck, and Waldwick; 1 commercial lending center in New York to serve the Hudson Valley region; and 1 commercial loan production office serving Middlesex and Monmouth counties in New Jersey. Lakeland Bancorp, Inc. was founded in 1989 and is headquartered in Oak Ridge, New Jersey.
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Lakeland Bancorp logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.3Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.29 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:LBAI
CUSIP51163710
Phone973-697-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$283.28 million
Cash Flow$1.69 per share
Book Value$14.36 per share

Profitability

Net Income$70.67 million

Miscellaneous

Employees652
Market Cap$577.35 million
Next Earnings Date10/22/2020 (Estimated)
OptionableOptionable
$11.44
+0.24 (+2.14 %)
(As of 08/12/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Lakeland Bancorp (NASDAQ:LBAI) Frequently Asked Questions

How has Lakeland Bancorp's stock price been impacted by COVID-19?

Lakeland Bancorp's stock was trading at $11.82 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, LBAI stock has decreased by 3.2% and is now trading at $11.44.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of 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
.

When is Lakeland Bancorp's next earnings date?

Lakeland Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for Lakeland Bancorp
.

How were Lakeland Bancorp's earnings last quarter?

Lakeland Bancorp, Inc. (NASDAQ:LBAI) announced its quarterly earnings data on Friday, July, 24th. The financial services provider reported $0.23 EPS for the quarter, missing the Zacks' consensus estimate of $0.26 by $0.03. The financial services provider earned $56 million during the quarter, compared to analysts' expectations of $56.53 million. Lakeland Bancorp had a return on equity of 8.53% and a net margin of 21.99%.
View Lakeland Bancorp's earnings history
.

How often does Lakeland Bancorp pay dividends? What is the dividend yield for Lakeland Bancorp?

Lakeland Bancorp announced a quarterly dividend on Tuesday, July 21st. Stockholders of record on Monday, August 3rd will be paid a dividend of $0.125 per share on Monday, August 17th. This represents a $0.50 annualized dividend and a dividend yield of 4.37%. The ex-dividend date is Friday, July 31st.
View Lakeland Bancorp's dividend history
.

What price target have analysts set for LBAI?

3 brokers have issued twelve-month price objectives for Lakeland Bancorp's stock. Their forecasts range from $17.00 to $17.00. On average, they expect Lakeland Bancorp's share price to reach $17.00 in the next year. This suggests a possible upside of 48.6% from the stock's current price.
View analysts' price targets for Lakeland Bancorp
.

Has Lakeland Bancorp been receiving favorable news coverage?

Media coverage about LBAI stock has trended extremely negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Lakeland Bancorp earned a media sentiment score of -4.1 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days.
View the latest news about Lakeland Bancorp
.

Are investors shorting Lakeland Bancorp?

Lakeland Bancorp saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 922,000 shares, an increase of 24.3% from the December 31st total of 741,700 shares. Based on an average daily trading volume, of 113,100 shares, the days-to-cover ratio is presently 8.2 days. Approximately 1.9% of the company's stock are sold short.
View Lakeland Bancorp's Short Interest
.

Who are some of Lakeland Bancorp's key competitors?

What other stocks do shareholders of Lakeland Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Lakeland Bancorp investors own include Wendys (WEN), CA (CA), Endologix (ELGX), BlackRock (BLK), Kraft Heinz (KHC), Chipotle Mexican Grill (CMG), NIC (EGOV), General Electric (GE), ARMOUR Residential REIT (ARR) and Athabasca Oil (ATH).

Who are Lakeland Bancorp's key executives?

Lakeland Bancorp's management team includes the following 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)

What is Lakeland Bancorp's stock symbol?

Lakeland Bancorp trades on the NASDAQ under the ticker symbol "LBAI."

Who are Lakeland Bancorp's major shareholders?

Lakeland Bancorp's stock is owned by many different retail and institutional investors. Top institutional investors include Banc Funds Co. LLC (2.51%), LSV Asset Management (0.82%), Bank of New York Mellon Corp (0.71%), Foundry Partners LLC (0.65%), Mcrae Capital Management Inc. (0.62%) and Goldman Sachs Group Inc. (0.50%). Company insiders that own Lakeland Bancorp stock include Brian Gragnolati, James E Hanson II, Lawrence R Inserra, Jr, Mary Ann Deacon, Paul Ho-Sing-Loy, Robert E Mccracken, 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 Assenagon Asset Management S.A., Hennessy Advisors Inc., Biondo Investment Advisors LLC, Banc Funds Co. LLC, Goldman Sachs Group Inc., Legacy Advisors LLC, LSV Asset Management, and UBS Group AG.
View insider buying and selling activity 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 Elizabeth Park Capital Advisors Ltd., Healthcare of Ontario Pension Plan Trust Fund, Mackay Shields LLC, ClariVest Asset Management LLC, Commonwealth Equity Services LLC, Pacific Ridge Capital Partners LLC, Public Employees Retirement Association of Colorado, and Aigen Investment Management LP. Company insiders that have bought Lakeland Bancorp stock in the last two years include Brian Gragnolati, James E Hanson II, Lawrence R Inserra, Jr, Mary Ann Deacon, Paul Ho-Sing-Loy, Robert E Mccracken, Robert K Nicholson III, and Thomas Shara.
View insider buying and selling activity 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 $11.44.

How big of a company is Lakeland Bancorp?

Lakeland Bancorp has a market capitalization of $577.35 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.

What is Lakeland Bancorp's official website?

The official website for Lakeland Bancorp is www.lakelandbank.com.

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.

This page was last updated on 8/13/2020 by MarketBeat.com Staff

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