Lakeland Bancorp (LBAI) Receiving Somewhat Favorable Press Coverage, Analysis Finds

Headlines about Lakeland Bancorp (NASDAQ:LBAI) have been trending somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lakeland Bancorp earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.5765870626694 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news articles that may have impacted Accern’s analysis:

Shares of Lakeland Bancorp (NASDAQ LBAI) opened at $19.90 on Friday. Lakeland Bancorp has a 52 week low of $15.06 and a 52 week high of $21.90. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $939.95, a PE ratio of 18.26 and a beta of 0.78.

Lakeland Bancorp (NASDAQ:LBAI) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Lakeland Bancorp had a return on equity of 9.12% and a net margin of 24.54%. The company had revenue of $47.57 million during the quarter, compared to analyst estimates of $47.79 million. analysts expect that Lakeland Bancorp will post 1.12 earnings per share for the current year.

A number of equities analysts have 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, September 20th. BidaskClub cut Lakeland Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $24.50 target price on shares of Lakeland Bancorp in a research note on Friday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $23.25.

In other Lakeland Bancorp news, Director Stephen R. Sr Tilton, Sr. sold 29,501 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $19.98, for a total transaction of $589,429.98. Following the completion of the transaction, the director now owns 664,210 shares of the company’s stock, valued at approximately $13,270,915.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert K. Nicholson III sold 37,227 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $20.04, for a total value of $746,029.08. The disclosure for this sale can be found here. In the last three months, insiders sold 82,742 shares of company stock valued at $1,662,872. 6.20% of the stock is currently owned by corporate insiders.

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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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