Lakeland Bancorp - LBAI Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lakeland Bancorp in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" LBAI shares.
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1 Wall Street analysts have issued 1-year price targets for Lakeland Bancorp's shares. Their LBAI share price forecasts range from $17.00 to $17.00. On average, they expect the company's share price to reach $17.00 in the next year. This suggests a possible upside of 2.2% from the stock's current price.
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Lakeland Bancorp's stock was trading at $18.99 at the start of the year. Since then, LBAI stock has decreased by 12.4% and is now trading at $16.63.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
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Lakeland Bancorp, Inc. (NASDAQ:LBAI) posted its quarterly earnings results on Thursday, July, 28th. The financial services provider reported $0.44 EPS for the quarter, hitting analysts' consensus estimates of $0.44. The financial services provider earned $87.37 million during the quarter, compared to the consensus estimate of $82.13 million. Lakeland Bancorp had a trailing twelve-month return on equity of 9.74% and a net margin of 28.25%. During the same period in the previous year, the firm earned $0.53 EPS.

Lakeland Bancorp announced a quarterly dividend on Tuesday, July 26th. Stockholders of record on Monday, August 8th will be given a dividend of $0.145 per share on Wednesday, August 17th. This represents a $0.58 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Friday, August 5th.
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 3.49%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 37.42%. 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 many different retail and institutional investors. Top institutional shareholders include Banc Funds Co. LLC (2.19%), Northern Trust Corp (1.40%), Renaissance Technologies LLC (0.91%), ProShare Advisors LLC (0.87%), JPMorgan Chase & Co. (0.85%) and Principal Financial Group Inc. (0.52%). 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 $16.63.

Lakeland Bancorp (NASDAQ:LBAI) has a market capitalization of $1.08 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 $1.55 on an earnings per share basis.

The company employs 681 workers across the globe.

Lakeland Bancorp was founded in 1969.

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.