Somewhat Positive News Coverage Somewhat Unlikely to Impact Lakeland Bancorp (LBAI) Stock Price
Press coverage about Lakeland Bancorp (NASDAQ:LBAI) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lakeland Bancorp earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.9543358367913 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Separately, Zacks Investment Research raised shares of Lakeland Bancorp from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $22.00.
Lakeland Bancorp (NASDAQ:LBAI) traded up $0.05 during trading hours on Friday, reaching $19.85. 71,125 shares of the company’s stock traded hands, compared to its average volume of 143,425. Lakeland Bancorp has a one year low of $15.06 and a one year high of $21.40. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $937.58, a price-to-earnings ratio of 18.17 and a beta of 0.80.
Lakeland Bancorp (NASDAQ:LBAI) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $47.57 million during the quarter, compared to the consensus estimate of $47.79 million. Lakeland Bancorp had a net margin of 24.54% and a return on equity of 9.12%. research analysts predict that Lakeland Bancorp will post 1.12 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Monday, November 6th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.02%. Lakeland Bancorp’s dividend payout ratio (DPR) is currently 36.70%.
In related news, insider Robert A. Vandenbergh sold 12,738 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $20.56, for a total transaction of $261,893.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward B. Deutsch sold 5,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $19.00, for a total transaction of $95,000.00. The disclosure for this sale can be found here. Corporate insiders own 6.20% of the company’s stock.
Lakeland Bancorp Company Profile
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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