Lakeland Bancorp Inc. (LBAI) Sees Unusually-High Trading Volume
Lakeland Bancorp Inc. (NASDAQ:LBAI) saw an uptick in trading volume on Thursday . 92,472 shares changed hands during trading, an increase of 25% from the previous session’s volume of 74,173 shares.The stock last traded at $13.67 and had previously closed at $13.37.
Separately, Zacks Investment Research raised Lakeland Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, May 4th.
The stock has a 50-day moving average price of $12.37 and a 200-day moving average price of $11.21. The company has a market cap of $612.84 million and a PE ratio of 15.91.
Lakeland Bancorp (NASDAQ:LBAI) last released its earnings results on Friday, July 22nd. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. On average, equities research analysts expect that Lakeland Bancorp Inc. will post $0.99 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Wednesday, August 3rd were given a $0.095 dividend. The ex-dividend date was Monday, August 1st. This represents a $0.38 dividend on an annualized basis and a yield of 2.76%.
In other Lakeland Bancorp 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 value of $65,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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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