Lakeland Bancorp (LBAI) Stock Price, News & Analysis

Company Overview

Lakeland Bancorp, Inc. operates as the bank holding company for Lakeland Bank that provides financial products and services for businesses and consumers. It provides commercial banking services, including savings, money market, and time accounts, as well as demand deposits. The company also offers lending services, including commercial real estate loans, commercial and industrial loans, short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, residential mortgage loans, small business administration loans, and merchant credit card services; financing solutions to small and medium-sized companies; online banking, mobile banking, and wire transfer services to the business community and municipal relationships; and cash management services, such as remote capture of deposits and overnight sweep repurchase agreements. In addition, it provides consumer banking services comprising checking accounts, savings accounts, interest-bearing checking accounts, money market accounts, certificates of deposit, online banking, secured and unsecured loans, consumer installment loans, mortgage loans, and safe deposit services. Further, the company offers investment advisory services; life insurance products; and non-deposit products, such as securities brokerage services, including mutual funds, variable annuities, and insurance. The company was founded in 1969 and is headquartered in Oak Ridge, New Jersey.

Key Stats

• Today's Range: $13.09 to $13.52
• 50-Day Range: $11.26 to $13.43
• 52-Week Range: $10.65 to $16.00
• Volume: 1.36 million shs
• Average Volume: 312,240 shs
• Market Capitalization: $874.96 million
• P/E Ratio: 10.49
• Dividend Yield: 4.32%
• Price Target: $14.15
• Consensus Rating: Hold

Lakeland Bancorp Stock Analysis - MarketRank™

Lakeland Bancorp scored higher than 51% of companies evaluated by MarketBeat, and ranked 614th out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Lakeland Bancorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Lakeland Bancorp has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 7.48%

Earnings Growth

Earnings for Lakeland Bancorp are expected to grow by 7.48% in the coming year, from $1.07 to $1.15 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Lakeland Bancorp is 10.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.40.

Price to Earnings Ratio vs. Sector

The P/E ratio of Lakeland Bancorp is 10.49, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 26.69.

Price to Book Value per Share Ratio

Lakeland Bancorp has a P/B Ratio of 0.74. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for LBAI.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Lakeland Bancorp is a leading dividend payer. It pays a dividend yield of 4.32%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Lakeland Bancorp does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Lakeland Bancorp is 45.31%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Lakeland Bancorp will have a dividend payout ratio of 50.43% next year. This indicates that Lakeland Bancorp will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.4 / 5
• Environmental Score: -0.42

Short Interest

There is no current short interest data available for LBAI.

News and Social Media

• Score: N/A
• News Sentiment: N/A

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Lakeland Bancorp insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 5.08% of the stock of Lakeland Bancorp is held by insiders.

Percentage Held by Institutions

59.62% of the stock of Lakeland Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

LBAI Stock Analysis - Frequently Asked Questions

How were Lakeland Bancorp's earnings last quarter?

Lakeland Bancorp, Inc. (NASDAQ:LBAI) announced its quarterly earnings results on Thursday, October, 26th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The financial services provider earned $131.96 million during the quarter. Lakeland Bancorp had a net margin of 16.00% and a trailing twelve-month return on equity of 7.34%.

What other stocks do shareholders of Lakeland Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Lakeland Bancorp investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Netflix (NFLX), Tesla (TSLA), Broadcom (AVGO) and Micron Technology (MU).

Company Calendar

• Last Earnings: 10/26/2023
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:LBAI
• CUSIP: 51163710
• CIK: 846901
• Web: www.lakelandbank.com
• Phone: (973) 697-2000
• Fax: 973-697-8385
• Employees: 826
• Year Founded: 1969

Price Target and Rating

• Average Stock Price Target: $14.15
• High Stock Price Target: $14.15
• Low Stock Price Target: $14.15
• Potential Upside/Downside: +5.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.28
• Trailing P/E Ratio: 10.49
• Forward P/E Ratio: 12.55
• P/E Growth: N/A
• Net Income: $84.74 million
• Net Margins: 16.00%
• Pretax Margin: 20.93%
• Return on Equity: 7.34%
• Return on Assets: 0.77%

Debt

• Debt-to-Equity Ratio: 0.44
• Current Ratio: 0.93
• Quick Ratio: 0.93

Sales & Book Value

• Annual Sales: $516.18 million
• Price / Sales: 1.70
• Cash Flow: $1.57 per share
• Price / Cash Flow: 8.57
• Book Value: $18.10 per share
• Price / Book: 0.74

Miscellaneous

• Outstanding Shares: 65,150,000
• Free Float: 61,845,000
• Market Cap: $874.96 million
• Optionable: Optionable
• Beta: 0.82