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NASDAQ:LBAI - Lakeland Bancorp Stock Price, Forecast & News

$16.72
-0.18 (-1.07 %)
(As of 02/18/2020 04:13 AM ET)
Today's Range
$16.71
Now: $16.72
$16.95
50-Day Range
$16.24
MA: $16.80
$17.39
52-Week Range
$14.21
Now: $16.72
$17.63
Volume89,454 shs
Average Volume119,067 shs
Market Capitalization$844.36 million
P/E Ratio12.03
Dividend Yield2.99%
Beta0.86
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. Read More…

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$1.58 per share
Book Value$13.14 per share

Profitability

Net Income$70.67 million

Miscellaneous

Employees652
Market Cap$844.36 million
Next Earnings Date5/4/2020 (Estimated)
OptionableOptionable

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Lakeland Bancorp (NASDAQ:LBAI) Frequently Asked Questions

What is Lakeland Bancorp's stock symbol?

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

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

Lakeland Bancorp declared a quarterly dividend on Monday, January 27th. Shareholders of record on Tuesday, February 4th will be paid a dividend of $0.125 per share on Friday, February 14th. This represents a $0.50 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Monday, February 3rd. View Lakeland Bancorp's Dividend History.

How were Lakeland Bancorp's earnings last quarter?

Lakeland Bancorp, Inc. (NASDAQ:LBAI) announced its quarterly earnings data on Thursday, October, 24th. The financial services provider reported $0.37 EPS for the quarter, beating the Zacks' consensus estimate of $0.35 by $0.02. The financial services provider earned $55.38 million during the quarter, compared to analyst estimates of $56.27 million. Lakeland Bancorp had a net margin of 24.95% and a return on equity of 10.16%. View Lakeland Bancorp's Earnings History.

When is Lakeland Bancorp's next earnings date?

Lakeland Bancorp is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for Lakeland Bancorp.

What price target have analysts set for LBAI?

3 brokers have issued 1-year price objectives for Lakeland Bancorp's shares. Their forecasts range from $17.00 to $19.00. On average, they anticipate Lakeland Bancorp's share price to reach $18.00 in the next year. This suggests a possible upside of 7.7% from the stock's current price. View Analyst Price Targets for Lakeland Bancorp.

What is the consensus analysts' recommendation for 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.

What are Wall Street analysts saying about Lakeland Bancorp stock?

Here are some recent quotes from research analysts about Lakeland Bancorp stock:
  • 1. According to Zacks Investment Research, "LAKELAND BANCORP INC. is a bank holding company engaged in general banking business. " (1/29/2020)
  • 2. Boenning Scattergood analysts commented, "We note the company also recently increased the common dividend by 9% (2.9% dividend yield). As such, we believe the risk/reward profile is attractive today with shares trading at a discount to peers on a P/E basis (11.0x 2019E vs. 12.0x). We are upgrading our rating to Outperform and establishing a $19.00 price target." (4/30/2019)

Has Lakeland Bancorp been receiving favorable news coverage?

News articles about LBAI stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Lakeland Bancorp earned a coverage optimism score of 1.1 on InfoTrie's scale. They also assigned media stories 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 company's share price in the next several days. View News Stories for Lakeland Bancorp.

Are investors shorting Lakeland Bancorp?

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

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), NIC (EGOV), Kraft Heinz (KHC), Chipotle Mexican Grill (CMG), Continental Resources (CLR), General Electric (GE) and ARMOUR Residential REIT (ARR).

Who are Lakeland Bancorp's key executives?

Lakeland Bancorp's management team includes the folowing 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)

Who are Lakeland Bancorp's major shareholders?

Lakeland Bancorp's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Banc Funds Co. LLC (2.97%), Renaissance Technologies LLC (2.19%), State Street Corp (2.17%), Bank of New York Mellon Corp (0.76%), LSV Asset Management (0.70%) and Mcrae Capital Management Inc. (0.65%). Company insiders that own Lakeland Bancorp stock include Brian Gragnolati, Edward B Deutsch, James E Hanson II, Mary Ann Deacon, 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 Oxford Asset Management LLP, LSV Asset Management, Hotchkis & Wiley Capital Management LLC, Assenagon Asset Management S.A., Guggenheim Capital LLC, Bank of America Corp DE, Foundry Partners LLC and Banc Funds Co. LLC. View Insider Buying and Selling for Lakeland Bancorp.

Which institutional investors are buying Lakeland Bancorp stock?

LBAI stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Renaissance Technologies LLC, Goldman Sachs Group Inc., Bank of New York Mellon Corp, State Street Corp, Acadian Asset Management LLC, AQR Capital Management LLC and Barclays PLC. Company insiders that have bought Lakeland Bancorp stock in the last two years include Brian Gragnolati, James E Hanson II, Mary Ann Deacon, Robert K Nicholson III and Thomas Shara. View Insider Buying and Selling 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 $16.72.

How big of a company is Lakeland Bancorp?

Lakeland Bancorp has a market capitalization of $844.36 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.View Additional Information About Lakeland Bancorp.

What is Lakeland Bancorp's official website?

The official website for Lakeland Bancorp is http://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.


MarketBeat Community Rating for Lakeland Bancorp (NASDAQ LBAI)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  267 (Vote Outperform)
Underperform Votes:  300 (Vote Underperform)
Total Votes:  567
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.
This page was last updated on 2/18/2020 by MarketBeat.com Staff

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