Lakeland Bancorp, Inc. (NASDAQ:LBAI) will be releasing its earnings data on Thursday, July 20th. Analysts expect Lakeland Bancorp to post earnings of $0.26 per share for the quarter.

Lakeland Bancorp (NASDAQ:LBAI) last released its earnings results on Thursday, April 27th. The financial services provider reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.02. The firm had revenue of $47.42 million during the quarter, compared to analysts’ expectations of $44.54 million. Lakeland Bancorp had a net margin of 23.44% and a return on equity of 8.85%. On average, analysts expect Lakeland Bancorp to post $1.07 EPS for the current fiscal year and $1.24 EPS for the next fiscal year.

Lakeland Bancorp, Inc. (LBAI) opened at 18.90 on Tuesday. The company’s 50-day moving average is $19.17 and its 200 day moving average is $19.30. The firm has a market capitalization of $894.92 million, a PE ratio of 18.75 and a beta of 0.79. Lakeland Bancorp, Inc. has a 1-year low of $11.47 and a 1-year high of $20.88.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Lakeland Bancorp from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Wednesday, May 3rd. Sandler O’Neill cut shares of Lakeland Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. BidaskClub cut shares of Lakeland Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, ValuEngine raised shares of Lakeland Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Lakeland Bancorp presently has a consensus rating of “Hold” and a consensus target price of $21.00.

In other news, insider Robert A. Vandenbergh sold 11,066 shares of Lakeland Bancorp stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $20.22, for a total transaction of $223,754.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen R. Sr Tilton, Sr. sold 1,808 shares of Lakeland Bancorp stock in a transaction on Friday, June 16th. The stock was sold at an average price of $20.18, for a total value of $36,485.44. Following the sale, the director now directly owns 693,805 shares of the company’s stock, valued at approximately $14,000,984.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,029 shares of company stock valued at $603,568. Company insiders own 6.20% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Lakeland Bancorp, Inc. (LBAI) to Release Earnings on Thursday” was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/07/17/lakeland-bancorp-inc-lbai-to-release-earnings-on-thursday.html.

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.

Earnings History for Lakeland Bancorp (NASDAQ:LBAI)

Receive News & Ratings for Lakeland Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lakeland Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.