Lakeland Bancorp (LBAI) Getting Somewhat Positive News Coverage, Accern Reports

News articles about Lakeland Bancorp (NASDAQ:LBAI) have trended somewhat positive on Saturday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lakeland Bancorp earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.5000510811558 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

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These are some of the media headlines that may have effected Accern Sentiment’s analysis:

Lakeland Bancorp, Inc. (NASDAQ:LBAI) Director Edward B. Deutsch Sells 5,000 Shares (americanbankingnews.com)
Head-To-Head Comparison: Lakeland Bancorp (NASDAQ:LBAI) & Eagle Bancorp (EGBN) (americanbankingnews.com)
LAKELAND BANCORP, INC. : ex-dividend day (4-traders.com)
Lakeland Bancorp, Inc. (NASDAQ:LBAI) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
Lakeland Bancorp, Inc. (LBAI) Plans $0.10 Quarterly Dividend (americanbankingnews.com)

A number of equities research analysts recently weighed in on the company. Sandler O’Neill cut Lakeland Bancorp from a “buy” rating to a “hold” rating in a report on Friday, April 28th. Zacks Investment Research cut Lakeland Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. BidaskClub cut Lakeland Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, ValuEngine upgraded Lakeland Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Lakeland Bancorp presently has an average rating of “Hold” and an average target price of $22.00.

Shares of Lakeland Bancorp (NASDAQ:LBAI) opened at 19.10 on Friday. The stock has a market cap of $904.42 million, a price-to-earnings ratio of 18.40 and a beta of 0.79. Lakeland Bancorp has a 1-year low of $11.73 and a 1-year high of $20.88. The company has a 50-day moving average price of $19.23 and a 200-day moving average price of $19.29.

Lakeland Bancorp (NASDAQ:LBAI) last issued its earnings results on Thursday, July 20th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The company had revenue of $47.53 million during the quarter, compared to analyst estimates of $46.39 million. Lakeland Bancorp had a net margin of 23.94% and a return on equity of 9.35%. On average, equities analysts expect that Lakeland Bancorp will post $1.09 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Thursday, July 27th. Lakeland Bancorp’s dividend payout ratio (DPR) is currently 38.10%.

In related news, CAO Timothy J. Matteson sold 2,650 shares of Lakeland Bancorp stock in a transaction on Monday, May 15th. The shares were sold at an average price of $19.58, for a total value of $51,887.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen R. Sr Tilton, Sr. sold 13,505 shares of Lakeland Bancorp 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 sale, the director now directly owns 701,022 shares of the company’s stock, valued at approximately $14,118,583.08. The disclosure for this sale can be found here. Insiders have sold a total of 35,029 shares of company stock valued at $703,568 in the last three months. Company insiders own 6.20% of the company’s stock.

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About Lakeland Bancorp

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.