Lakeland Bancorp - LBAI Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lakeland Bancorp in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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 1-year price targets for Lakeland Bancorp's stock. Their LBAI share price forecasts range from $17.00 to $18.00. On average, they expect the company's share price to reach $17.50 in the next twelve months. This suggests that the stock has a possible downside of 10.8%.
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Lakeland Bancorp's stock was trading at $17.61 at the start of the year. Since then, LBAI stock has increased by 11.4% and is now trading at $19.62.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our LBAI earnings forecast.

Lakeland Bancorp, Inc. (NASDAQ:LBAI) posted its quarterly earnings data on Thursday, January, 26th. The financial services provider reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.01. The financial services provider earned $88.66 million during the quarter, compared to analyst estimates of $90.10 million. Lakeland Bancorp had a trailing twelve-month return on equity of 10.44% and a net margin of 27.14%.

Lakeland Bancorp announced a quarterly dividend on Tuesday, January 24th. Shareholders of record on Monday, February 6th will be given a dividend of $0.145 per share on Thursday, February 16th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Friday, February 3rd.
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 2.93%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 35.37%. This payout ratio is at a healthy, sustainable level, below 75%.
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 retail and institutional investors. Top institutional shareholders include Versor Investments LP (2.35%), ProShare Advisors LLC (0.77%), Hennessy Advisors Inc. (0.37%), Foundry Partners LLC (0.36%), Monarch Partners Asset Management LLC (0.34%) and PL Capital Advisors LLC (0.33%). 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 $19.62.

Lakeland Bancorp (NASDAQ:LBAI) has a market capitalization of $1.27 billion and generates $395.64 million in revenue each year. The financial services provider earns $107.37 million in net income (profit) each year or $1.64 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.