Lakeland Bancorp, Inc. (LBAI) Director Thomas J. Marino Purchases 5,000 Shares

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.

A number of institutional investors have recently bought and sold shares of the business. First Trust Advisors LP lifted its position in Lakeland Bancorp by 2.3% during the 4th quarter. First Trust Advisors LP now owns 123,893 shares of the financial services provider’s stock worth $2,385,000 after acquiring an additional 2,843 shares during the period. Voya Investment Management LLC lifted its position in Lakeland Bancorp by 20.9% during the 2nd quarter. Voya Investment Management LLC now owns 18,191 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 3,150 shares during the period. The Manufacturers Life Insurance Company lifted its position in Lakeland Bancorp by 13.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,931 shares of the financial services provider’s stock worth $659,000 after acquiring an additional 4,188 shares during the period. California Public Employees Retirement System lifted its position in Lakeland Bancorp by 6.9% during the 3rd quarter. California Public Employees Retirement System now owns 112,063 shares of the financial services provider’s stock worth $2,286,000 after acquiring an additional 7,263 shares during the period. Finally, Brown Advisory Inc. lifted its position in Lakeland Bancorp by 46.0% during the 3rd quarter. Brown Advisory Inc. now owns 23,838 shares of the financial services provider’s stock worth $486,000 after acquiring an additional 7,514 shares during the period. 53.64% of the stock is owned by institutional investors.

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.

ILLEGAL ACTIVITY WARNING: This piece of content was published by BBNS and is the sole property of of BBNS. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of US & international copyright & trademark laws. The correct version of this piece of content can be viewed at https://baseballnewssource.com/2018/04/07/insider-buying-lakeland-bancorp-inc-lbai-director-acquires-95400-00-in-stock/2038275.html.

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.

Insider Buying and Selling by Quarter for Lakeland Bancorp (NASDAQ:LBAI)

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.

 




Latest News

Teen Juan Soto Hits Home Run in First At-Bat
Teen Juan Soto Hits Home Run in First At-Bat
Ji-Man Choi Receives Another Chance in Milwaukee
Ji-Man Choi Receives Another Chance in Milwaukee
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Strikeouts Once Again Plaguing Cubs
Strikeouts Once Again Plaguing Cubs
Atlanta Braves: A Mix of Young and Old
Atlanta Braves: A Mix of Young and Old
Major League Baseball is Back and Astros Favored to Repeat
Major League Baseball is Back and Astros Favored to Repeat


Leave a Reply

 
© 2006-2018 BBNS.