News stories about Lakeland Bancorp (NASDAQ:LBAI) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lakeland Bancorp earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.9839789771766 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Lakeland Bancorp (NASDAQ LBAI) opened at $20.05 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. Lakeland Bancorp has a 1-year low of $15.06 and a 1-year high of $21.90. The firm has a market capitalization of $951.79, a PE ratio of 18.44 and a beta of 0.78.
Lakeland Bancorp (NASDAQ:LBAI) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The business had revenue of $47.57 million during the quarter, compared to analysts’ expectations of $47.79 million. Lakeland Bancorp had a return on equity of 9.12% and a net margin of 24.54%. equities analysts expect that Lakeland Bancorp will post 1.12 earnings per share for the current year.
Several research firms recently issued reports on LBAI. BidaskClub downgraded Lakeland Bancorp from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Investment Research downgraded Lakeland Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Lakeland Bancorp has an average rating of “Hold” and an average target price of $22.00.
In related news, insider Robert A. Vandenbergh sold 12,738 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $20.56, for a total value of $261,893.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edward B. Deutsch sold 3,276 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $20.00, for a total value of $65,520.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,014 shares of company stock valued at $422,413. Insiders own 6.20% of the company’s stock.
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.
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