Lakeland Bancorp, Inc. (NASDAQ:LBAI) will release its earnings data on Thursday, July 20th. Analysts expect Lakeland Bancorp to post earnings of $0.26 per share for the quarter.
Lakeland Bancorp (NASDAQ:LBAI) last issued its earnings results on Thursday, April 27th. The financial services provider reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.02. Lakeland Bancorp had a net margin of 23.44% and a return on equity of 8.85%. The business had revenue of $47.42 million for the quarter, compared to the consensus estimate of $44.54 million. On average, analysts expect Lakeland Bancorp to post $1.07 EPS for the current fiscal year and $1.24 EPS for the next fiscal year.
Lakeland Bancorp, Inc. (LBAI) opened at 18.90 on Tuesday. The stock has a 50 day moving average of $19.17 and a 200-day moving average of $19.30. The stock has a market cap of $894.92 million, a P/E ratio of 18.75 and a beta of 0.79. Lakeland Bancorp, Inc. has a 52 week low of $11.47 and a 52 week high of $20.88.
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A number of analysts have recently weighed in on LBAI shares. BidaskClub cut shares of Lakeland Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Zacks Investment Research cut shares of Lakeland Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. ValuEngine upgraded shares of Lakeland Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Sandler O’Neill cut shares of Lakeland Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Lakeland Bancorp has a consensus rating of “Hold” and an average target price of $21.00.
In related news, Director Stephen R. Sr Tilton, Sr. sold 13,505 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $20.14, for a total transaction of $271,990.70. Following the completion of the transaction, the director now directly owns 701,022 shares in the company, valued at approximately $14,118,583.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stephen R. Sr Tilton, Sr. sold 1,808 shares of the company’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $20.18, for a total transaction of $36,485.44. Following the transaction, the director now owns 693,805 shares of the company’s stock, valued at $14,000,984.90. The disclosure for this sale can be found here. Insiders sold 30,029 shares of company stock valued at $603,568 over the last 90 days. 6.20% of the stock is owned by corporate insiders.
Lakeland Bancorp Company Profile
Lakeland Bancorp, Inc is the bank holding company for Lakeland Bank (Lakeland). Lakeland operates under a state bank charter and provides full banking services. Lakeland generates commercial, mortgage and consumer loans and receives deposits from customers located in Northern and Central New Jersey. Lakeland also provides non-deposit products, such as securities brokerage services, including mutual funds and variable annuities.
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