Lakeland Bancorp, Inc. (LBAI) Stock Price Up 2.8%
Lakeland Bancorp, Inc. (NASDAQ:LBAI) shares rose 2.8% during trading on Wednesday . The company traded as high as $13.49 and last traded at $13.41, with a volume of 72,117 shares changing hands. The stock had previously closed at $13.05.
Separately, Zacks Investment Research upgraded shares of Lakeland Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, May 4th.
The stock has a market capitalization of $594.18 million and a PE ratio of 15.42. The company’s 50-day moving average price is $12.23 and its 200-day moving average price is $11.17.
Lakeland Bancorp (NASDAQ:LBAI) last posted its quarterly earnings results on Friday, July 22nd. The financial services provider reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.02. Equities research analysts anticipate that Lakeland Bancorp, Inc. will post $0.99 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Wednesday, August 3rd were given a dividend of $0.095 per share. The ex-dividend date was Monday, August 1st. This represents a $0.38 dividend on an annualized basis and a yield of 2.84%.
In related news, Director Edward B. Deutsch sold 5,000 shares of the stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $13.00, for a total transaction of $65,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
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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