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:
- Lakeland Bancorp (LBAI) to Release Earnings on Wednesday (americanbankingnews.com)
- Lakeland Bancorp (LBAI) Upgraded to Hold by BidaskClub (americanbankingnews.com)
- Analysts Anticipate Lakeland Bancorp, Inc. (LBAI) Will Announce Earnings of $0.29 Per Share (americanbankingnews.com)
- Brokers Were Surprised to See These Stocks Rally – KODK, FPH, DST, SSNC, AFSI, ARES, GBT, AYI, TRCO, LBAI (fxpips.com)
- $48.21 Million in Sales Expected for Lakeland Bancorp, Inc. (LBAI) This Quarter (americanbankingnews.com)
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) 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.
WARNING: This report was published by Community Financial News and is owned by of Community Financial News. If you are reading this report on another domain, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this report can be read at https://www.com-unik.info/2018/01/17/lakeland-bancorp-lbai-given-news-impact-score-of-0-21.html.
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.
What are top analysts saying about Lakeland Bancorp? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Lakeland Bancorp and related companies.