Lakeland Bancorp (LBAI) Given News Impact Score of 0.21

Media stories about Lakeland Bancorp (NASDAQ:LBAI) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lakeland Bancorp earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 44.6549227930198 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

LBAI has been the subject of several research reports. BidaskClub downgraded Lakeland Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $24.50 price target on shares of Lakeland Bancorp in a research note on Friday, December 22nd. Finally, Zacks Investment Research downgraded Lakeland Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Lakeland Bancorp presently has an average rating of “Buy” and a consensus price target of $23.75.

Lakeland Bancorp (NASDAQ:LBAI) opened at $20.30 on Wednesday. Lakeland Bancorp has a 12 month low of $15.06 and a 12 month high of $21.90. 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 firm has a market capitalization of $961.26, a price-to-earnings ratio of 18.80 and a beta of 0.79.

Lakeland Bancorp (NASDAQ:LBAI) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. Lakeland Bancorp had a return on equity of 9.12% and a net margin of 24.54%. The business had revenue of $47.57 million during the quarter, compared to the consensus estimate of $47.79 million. research analysts forecast that Lakeland Bancorp will post 1.11 earnings per share for the current fiscal year.

In other Lakeland Bancorp news, Director Stephen R. Sr Tilton, Sr. sold 29,501 shares of the firm’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $19.98, for a total value of $589,429.98. Following the completion of the transaction, the director now owns 664,210 shares in the company, valued at approximately $13,270,915.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Edward B. Deutsch sold 3,276 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $20.00, for a total value of $65,520.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,742 shares of company stock valued at $1,662,872. 6.20% of the stock is 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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