NASDAQ:LBAILakeland Bancorp Stock Price, Forecast & News

$11.02

+0.13 (+1.19 %)

(As of 06/3/2020 04:00 PM ET)

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Today's Range

$10.98

Now: $11.02▼

$11.39

50-Day Range

$9.45

MA: $10.62▼

$11.96

52-Week Range

$8.31

Now: $11.02▼

$17.63

Volume158,800 shs

Average Volume193,900 shs

Market Capitalization$556.10 million

P/E Ratio8.35

Dividend Yield4.54%

Beta1

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.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
Lakeland Bancorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $17.00, Lakeland Bancorp has a potential upside of 54.3% from its current price of $11.02.
Amount of Analyst Coverage
Lakeland Bancorp has only been the subject of 1 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
Lakeland Bancorp has received 274 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Lakeland Bancorp has received 321 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Lakeland Bancorp has received 53.95% “underperform” votes from our community.

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.

5.0 Dividend Strength

Dividend Leadership
Lakeland Bancorp is a leading dividend payer. It pays a dividend yield of 4.54%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Lakeland Bancorp has been increasing its dividend for 10 years.
Dividend Coverage
The dividend payout ratio of Lakeland Bancorp is 34.97 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Lakeland Bancorp will have a dividend payout ratio of 45.87 % next year. This indicates that Lakeland Bancorp will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Lakeland Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $92,062.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 4.31% of the stock of Lakeland Bancorp is held by insiders.
Percentage Held by Institutions
57.65% of the stock of Lakeland Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Lakeland Bancorp are expected to decrease by -0.91% in the coming year, from $1.10 to $1.09 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Lakeland Bancorp is 8.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.10.
Price to Earnings Ratio vs. Sector
The P/E ratio of Lakeland Bancorp is 8.35, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.64.
Price to Book Value per Share Ratio
Lakeland Bancorp has a P/B Ratio of 0.77. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.34 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:LBAI

Previous Symbol

CUSIP51163710

CIK846901

Webwww.lakelandbank.com

Phone973-697-2000

Debt

Debt-to-Equity Ratio0.38

Current Ratio0.95

Quick Ratio0.95

Price-To-Earnings

Trailing P/E Ratio8.35

Forward P/E Ratio10.02

P/E GrowthN/A

Sales & Book Value

Annual Sales$283.28 million

Price / Sales1.96

Cash Flow$1.64 per share

Price / Cash Flow6.70

Book Value$14.36 per share

Price / Book0.77

Profitability

EPS (Most Recent Fiscal Year)$1.43

Net Income$70.67 million

Net Margins23.58%

Return on Equity9.42%

Return on Assets1.02%

Miscellaneous

Employees652

Outstanding Shares50,463,000

Market Cap$556.10 million

Next Earnings Date7/24/2020 (Estimated)

OptionableOptionable

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Lakeland Bancorp (NASDAQ:LBAI) Frequently Asked Questions

How has Lakeland Bancorp's stock been impacted by COVID-19 (Coronavirus)?

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. Since then, LBAI shares have decreased by 6.8% and is now trading at $11.02. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Lakeland Bancorp?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lakeland Bancorp in the last year. There are currently 2 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 Friday, July 24th 2020. View our earnings forecast for Lakeland Bancorp.

How were Lakeland Bancorp's earnings last quarter?

Lakeland Bancorp, Inc. (NASDAQ:LBAI) released its quarterly earnings results on Thursday, April, 30th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.05. The financial services provider had revenue of $57.91 million for the quarter, compared to analyst estimates of $55.73 million. Lakeland Bancorp had a return on equity of 9.42% and a net margin of 23.58%. 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 Friday, May 1st. Stockholders of record on Monday, May 11th will be paid a dividend of $0.125 per share on Wednesday, May 20th. This represents a $0.50 annualized dividend and a yield of 4.54%. The ex-dividend date is Friday, May 8th. View Lakeland Bancorp's dividend history.

What price target have analysts set for LBAI?

2 analysts have issued 1-year price targets for Lakeland Bancorp's stock. Their forecasts range from $17.00 to $17.00. On average, they expect Lakeland Bancorp's stock price to reach $17.00 in the next year. This suggests a possible upside of 54.3% from the stock's current price. View analysts' price targets for Lakeland Bancorp.

Has Lakeland Bancorp been receiving favorable news coverage?

Press coverage about LBAI stock has been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Lakeland Bancorp earned a news impact score of 0.9 on InfoTrie's scale. They also gave press coverage about the financial services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutLakeland Bancorp.

Who are some of Lakeland Bancorp's key competitors?

Some companies that are related to Lakeland Bancorp include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), SVB Financial Group (SIVB), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION) and East West Bancorp (EWBC). View all 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), Chipotle Mexican Grill (CMG), NIC (EGOV), General Electric (GE), Kraft Heinz (KHC), 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 a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.34%), Wellington Management Group LLP (3.34%), Banc Funds Co. LLC (2.58%), Systematic Financial Management LP (2.57%), State Street Corp (2.12%) and Geode Capital Management LLC (1.52%). Company insiders that own Lakeland Bancorp stock include Brian Gragnolati, James E Hanson II, 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 institutional investors are selling Lakeland Bancorp stock?

LBAI stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Banc Funds Co. LLC, Wells Fargo & Company MN, BHZ Capital Management LP, State Street Corp, Martingale Asset Management L P, UBS Group AG, and Hennessy Advisors Inc.. View insider buying and selling activity for Lakeland Bancorp.

Which institutional investors are buying Lakeland Bancorp stock?

LBAI stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Assenagon Asset Management S.A., Morgan Stanley, Morgan Stanley, Acadian Asset Management LLC, Fuller & Thaler Asset Management Inc., Mackay Shields LLC, and Invesco Ltd.. Company insiders that have bought Lakeland Bancorp stock in the last two years include Brian Gragnolati, James E Hanson II, 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 $11.02.

How big of a company is Lakeland Bancorp?

Lakeland Bancorp has a market capitalization of $556.10 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 6/3/2020 by MarketBeat.com Staff