Lakeland Bancorp, Inc. (NASDAQ:LBAI) Director Thomas J. Marino purchased 5,000 shares of Lakeland Bancorp stock in a transaction on Saturday, July 28th. The stock was bought at an average cost of $19.08 per share, for a total transaction of $95,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
NASDAQ:LBAI opened at $19.80 on Friday. The company has a market cap of $951.49, a P/E ratio of 17.84 and a beta of 0.84. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. Lakeland Bancorp, Inc. has a 52-week low of $15.06 and a 52-week high of $21.90.
Lakeland Bancorp (NASDAQ:LBAI) last released its quarterly earnings results on Friday, January 26th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. The firm had revenue of $48.16 million for the quarter, compared to the consensus estimate of $48.21 million. Lakeland Bancorp had a return on equity of 9.31% and a net margin of 24.38%. research analysts expect that Lakeland Bancorp, Inc. will post 1.36 EPS for the current fiscal year.
LBAI has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $24.50 price objective on shares of Lakeland Bancorp in a report on Friday, December 22nd. Zacks Investment Research upgraded Lakeland Bancorp from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Friday, March 30th. ValuEngine upgraded Lakeland Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. BidaskClub upgraded Lakeland Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, FIG Partners reiterated a “market-perform” rating on shares of Lakeland Bancorp in a report on Monday, January 29th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $23.25.
Lakeland Bancorp Company Profile
Lakeland Bancorp, Inc operates as the bank holding company for Lakeland Bank that provides financial 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.
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