Lakeland Bancorp Inc. (LBAI) Hits New 12-Month High at $13.24
Lakeland Bancorp Inc. (NASDAQ:LBAI) hit a new 52-week high on Tuesday . The stock traded as high as $13.24 and last traded at $13.09, with a volume of 54,128 shares traded. The stock had previously closed at $13.01.
Separately, Zacks Investment Research upgraded Lakeland Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, May 4th.
The stock has a market cap of $594.18 million and a PE ratio of 15.42. The stock has a 50-day moving average price of $12.23 and a 200-day moving average price of $11.17.
Lakeland Bancorp (NASDAQ:LBAI) last released its quarterly earnings results on Friday, July 22nd. The financial services provider reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.02. Analysts expect that Lakeland Bancorp Inc. will post $0.99 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Wednesday, August 3rd were paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 2.84%. The ex-dividend date was Monday, August 1st.
In other Lakeland Bancorp news, Director Edward B. Deutsch sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $13.00, for a total transaction of $65,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
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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