Lakeland Bancorp, Inc. (NASDAQ:LBAI) Director Edward B. Deutsch sold 5,000 shares of Lakeland Bancorp stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $19.00, for a total value of $95,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Edward B. Deutsch also recently made the following trade(s):

  • On Tuesday, July 25th, Edward B. Deutsch sold 5,000 shares of Lakeland Bancorp stock. The stock was sold at an average price of $20.00, for a total value of $100,000.00.

Lakeland Bancorp, Inc. (LBAI) opened at 19.25 on Friday. The company’s 50-day moving average price is $18.53 and its 200 day moving average price is $19.13. Lakeland Bancorp, Inc. has a one year low of $13.15 and a one year high of $20.88. The firm has a market capitalization of $911.53 million, a PE ratio of 18.55 and a beta of 0.80.

Lakeland Bancorp (NASDAQ:LBAI) last issued its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The firm had revenue of $47.53 million during the quarter, compared to analyst estimates of $46.39 million. Lakeland Bancorp had a return on equity of 9.21% and a net margin of 23.94%. On average, analysts forecast that Lakeland Bancorp, Inc. will post $1.10 earnings per share for the current year.

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Several equities analysts recently issued reports on the company. Zacks Investment Research cut Lakeland Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub cut Lakeland Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, ValuEngine raised Lakeland Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One equities research 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. The company presently has a consensus rating of “Hold” and an average price target of $22.00.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP boosted its stake in Lakeland Bancorp by 10.3% during the 1st quarter. Wellington Management Group LLP now owns 4,054,011 shares of the financial services provider’s stock valued at $79,458,000 after purchasing an additional 378,133 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Lakeland Bancorp by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,312,596 shares of the financial services provider’s stock valued at $43,593,000 after purchasing an additional 89,048 shares in the last quarter. Vanguard Group Inc. boosted its stake in Lakeland Bancorp by 5.2% during the 2nd quarter. Vanguard Group Inc. now owns 1,933,398 shares of the financial services provider’s stock valued at $36,444,000 after purchasing an additional 95,566 shares in the last quarter. Northern Trust Corp boosted its stake in Lakeland Bancorp by 5.2% during the 2nd quarter. Northern Trust Corp now owns 1,257,168 shares of the financial services provider’s stock valued at $23,698,000 after purchasing an additional 62,300 shares in the last quarter. Finally, State Street Corp boosted its stake in Lakeland Bancorp by 6.7% during the 2nd quarter. State Street Corp now owns 820,868 shares of the financial services provider’s stock valued at $15,476,000 after purchasing an additional 51,809 shares in the last quarter. 52.64% of the stock is owned by hedge funds and other institutional investors.

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.

Insider Buying and Selling by Quarter for Lakeland Bancorp (NASDAQ:LBAI)

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