Lakeland Bancorp (NASDAQ:LBAI – Get Free Report) is set to post its quarterly earnings results before the market opens on Friday, April 19th. Analysts expect Lakeland Bancorp to post earnings of $0.26 per share for the quarter.
Lakeland Bancorp (NASDAQ:LBAI – Get Free Report) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates of $0.30. Lakeland Bancorp had a return on equity of 7.43% and a net margin of 16.42%. The firm had revenue of $72.09 million during the quarter. On average, analysts expect Lakeland Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Lakeland Bancorp Price Performance
Lakeland Bancorp stock opened at $11.26 on Thursday. Lakeland Bancorp has a one year low of $10.65 and a one year high of $16.00. The business has a fifty day moving average price of $11.99 and a 200-day moving average price of $12.73. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $733.59 million, a P/E ratio of 8.80 and a beta of 0.85.
Lakeland Bancorp Announces Dividend
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. StockNews.com upgraded Lakeland Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, April 12th. Keefe, Bruyette & Woods lowered their price objective on Lakeland Bancorp from $17.50 to $16.65 and set a “market perform” rating on the stock in a research report on Tuesday, January 30th.
View Our Latest Analysis on Lakeland Bancorp
Institutional Investors Weigh In On Lakeland Bancorp
A number of large investors have recently added to or reduced their stakes in LBAI. Point72 Hong Kong Ltd purchased a new position in shares of Lakeland Bancorp in the first quarter worth about $48,000. Advisor Group Holdings Inc. increased its holdings in shares of Lakeland Bancorp by 335.6% in the first quarter. Advisor Group Holdings Inc. now owns 3,197 shares of the financial services provider’s stock worth $54,000 after buying an additional 2,463 shares during the period. Great West Life Assurance Co. Can increased its holdings in shares of Lakeland Bancorp by 26.1% in the first quarter. Great West Life Assurance Co. Can now owns 4,169 shares of the financial services provider’s stock worth $73,000 after buying an additional 863 shares during the period. Ameritas Investment Partners Inc. increased its holdings in shares of Lakeland Bancorp by 24.8% in the first quarter. Ameritas Investment Partners Inc. now owns 4,784 shares of the financial services provider’s stock worth $80,000 after buying an additional 950 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Lakeland Bancorp by 96.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,135 shares of the financial services provider’s stock worth $69,000 after buying an additional 2,522 shares during the period. Hedge funds and other institutional investors own 59.62% of the company’s stock.
Lakeland Bancorp Company Profile
Lakeland Bancorp, Inc operates as the bank holding company for Lakeland Bank that provides financial products and services for businesses and consumers. It provides commercial banking services, including savings, money market, and time accounts, as well as demand deposits. The company also offers lending services, including commercial real estate loans, commercial and industrial loans, short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, residential mortgage loans, small business administration loans, and merchant credit card services; financing solutions to small and medium-sized companies; online banking, mobile banking, and wire transfer services to the business community and municipal relationships; and cash management services, such as remote capture of deposits and overnight sweep repurchase agreements.
Featured Stories
- Five stocks we like better than Lakeland Bancorp
- How to Invest in Tech StocksĀ and Top Tech Stocks to Consider
- United Airlines Soars on Earnings Beat
- How to Use High Beta Stocks to Maximize Your Investing Profits
- J.B. Hunt Hits the Skids: Lower Prices to Come
- The Role Economic Reports Play in a Successful Investment Strategy
- Predicting a Bear Market: 7 Signs and Why it’s Tough to Do
Receive News & Ratings for Lakeland Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lakeland Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.