Lakeland Bancorp Inc. (LBAI) Trading Up 2.8%
Lakeland Bancorp Inc. (NASDAQ:LBAI) shares were up 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 traded. The stock had previously closed at $13.05.
Separately, Zacks Investment Research upgraded Lakeland Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, May 4th.
The stock has a market capitalization of $599.95 million and a price-to-earnings ratio of 15.57. The company’s 50-day moving average price is $12.30 and its 200 day moving average price is $11.19.
Lakeland Bancorp (NASDAQ:LBAI) last released its quarterly earnings data on Friday, July 22nd. The financial services provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. Equities research analysts predict that Lakeland Bancorp Inc. will post $0.99 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Wednesday, August 3rd were issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend was Monday, August 1st.
In other Lakeland Bancorp news, Director Edward B. Deutsch sold 5,000 shares of the stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $13.00, for a total transaction of $65,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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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