Lakeland Bancorp - LBAI Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lakeland Bancorp in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" LBAI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LBAI, but not buy additional shares or sell existing shares.
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3 analysts have issued twelve-month target prices for Lakeland Bancorp's stock. Their LBAI share price forecasts range from $17.00 to $18.00. On average, they expect the company's stock price to reach $17.50 in the next twelve months. This suggests that the stock has a possible downside of 6.3%.
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Lakeland Bancorp's stock was trading at $18.99 at the beginning of the year. Since then, LBAI shares have decreased by 1.6% and is now trading at $18.68.
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Lakeland Bancorp saw a drop in short interest in November. As of November 15th, there was short interest totaling 1,620,000 shares, a drop of 23.2% from the October 31st total of 2,110,000 shares. Based on an average daily trading volume, of 401,500 shares, the days-to-cover ratio is currently 4.0 days.
View Lakeland Bancorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
View our LBAI earnings forecast.

Lakeland Bancorp, Inc. (NASDAQ:LBAI) posted its earnings results on Monday, October, 25th. The financial services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.45 by $0.02. The financial services provider earned $64.81 million during the quarter, compared to analysts' expectations of $65.38 million. Lakeland Bancorp had a trailing twelve-month return on equity of 9.98% and a net margin of 27.42%. During the same quarter in the prior year, the firm earned $0.28 EPS.

Lakeland Bancorp announced a quarterly dividend on Tuesday, October 25th. Shareholders of record on Monday, November 7th will be paid a dividend of $0.145 per share on Thursday, November 17th. This represents a $0.58 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Friday, November 4th.
Read our dividend analysis for LBAI.

Lakeland Bancorp (NASDAQ:LBAI) pays an annual dividend of $0.58 per share and currently has a dividend yield of 3.13%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 37.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LBAI will have a dividend payout ratio of 28.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LBAI.

3 employees have rated Lakeland Bancorp Chief Executive Officer Thomas J. Shara Jr. on Glassdoor.com. Thomas J. Shara Jr. has an approval rating of 100% among the company's employees. This puts Thomas J. Shara Jr. in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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

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

Lakeland Bancorp's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.50%), Dimensional Fund Advisors LP (5.68%), Vanguard Group Inc. (5.66%), Systematic Financial Management LP (2.44%), State Street Corp (2.37%) and Versor Investments LP (1.61%). Insiders that own company stock include Brian Gragnolati, James E Hanson II, James E Hanson II, Lawrence R Inserra, Jr, Paul Ho-Sing-Loy, Robert E Mccracken and Ronald E Schwarz.
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Shares of LBAI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LBAI stock can currently be purchased for approximately $18.68.

Lakeland Bancorp (NASDAQ:LBAI) has a market capitalization of $1.21 billion and generates $279.68 million in revenue each year. The financial services provider earns $95.04 million in net income (profit) each year or $1.56 on an earnings per share basis.

The company employs 681 workers across the globe.

Lakeland Bancorp's mailing address is 250 OAK RIDGE RD, OAK RIDGE NJ, 07438. The official website for the company is www.lakelandbank.com. The financial services provider can be reached via phone at (973) 697-2000 or via fax at 973-697-8385.