Lakeland Bancorp, Inc. (LBAI) Analysts See $0.34 EPS

June 15, 2018 - By Sophie Menendez

Lakeland Bancorp, Inc. (NASDAQ:LBAI) LogoInvestors sentiment decreased to 0.93 in 2018 Q1. Its down 0.26, from 1.19 in 2017Q4. It fall, as 8 investors sold Lakeland Bancorp, Inc. shares while 36 reduced holdings. 9 funds opened positions while 32 raised stakes. 25.46 million shares or 0.97% more from 25.22 million shares in 2017Q4 were reported.
Royal National Bank Of Canada owns 6,453 shares. Kistler holds 0.03% or 4,252 shares. Victory Management Incorporated accumulated 16,646 shares. State Bank Of Mellon Corporation holds 0% or 279,204 shares in its portfolio. Manufacturers Life Co The holds 0% of its portfolio in Lakeland Bancorp, Inc. (NASDAQ:LBAI) for 33,799 shares. Goldman Sachs Group holds 0% or 55,043 shares. 10,991 were accumulated by Savings Bank Of Montreal Can. Pinnacle Ltd invested in 43,453 shares. Cardinal Mgmt Ltd Ct accumulated 2.04M shares or 1.5% of the stock. Citadel Advsr Ltd Liability Company stated it has 34,526 shares or 0% of all its holdings. Principal Incorporated reported 215,196 shares. Moreover, Verus has 0.09% invested in Lakeland Bancorp, Inc. (NASDAQ:LBAI). The New York-based Basswood Capital Mngmt Ltd Liability has invested 0.16% in Lakeland Bancorp, Inc. (NASDAQ:LBAI). Zurcher Kantonalbank (Zurich Cantonalbank) reported 2,476 shares. United Services Automobile Association owns 10,362 shares for 0% of their portfolio.

Since December 19, 2017, it had 0 buys, and 4 insider sales for $1.33 million activity. $746,029 worth of stock was sold by NICHOLSON ROBERT K III on Tuesday, December 19. Another trade for 5,200 shares valued at $102,700 was made by FREDERICKS MARK J on Friday, February 9.

Analysts expect Lakeland Bancorp, Inc. (NASDAQ:LBAI) to report $0.34 EPS on July, 19.They anticipate $0.06 EPS change or 21.43 % from last quarter’s $0.28 EPS. LBAI’s profit would be $16.14M giving it 14.96 P/E if the $0.34 EPS is correct. After having $0.32 EPS previously, Lakeland Bancorp, Inc.’s analysts see 6.25 % EPS growth. It closed at $20.35 lastly. It is down 6.33% since June 15, 2017 and is uptrending. It has underperformed by 6.24% the S&P500.

Lakeland Bancorp, Inc. (NASDAQ:LBAI) Ratings Coverage

Among 2 analysts covering Lakeland Bancorp (NASDAQ:LBAI), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Lakeland Bancorp had 3 analyst reports since December 21, 2017 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, December 21. Keefe Bruyette & Woods maintained the shares of LBAI in report on Monday, February 5 with “Buy” rating.

Lakeland Bancorp, Inc. operates as the holding firm for Lakeland Bank that provides financial services and products for individuals and small to medium sized businesses. The company has market cap of $966.13 million. It offers commercial banking depository products, including savings, money market, and time accounts, as well as demand deposits; lending solutions, such as short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, mortgage loans, small business administration loans, commercial real estate loans, commercial and industrial loans, and equipment financing solutions, as well as merchant credit card services; and wire transfer, Internet banking, mobile banking, night depository, and cash management services. It has a 18.67 P/E ratio. The firm also provides consumer banking services, including checking accounts, savings accounts, NOW accounts, money market accounts, certificates of deposit, secured and unsecured loans, consumer installment loans, mortgage loans, and safe deposit services.

Another recent and important Lakeland Bancorp, Inc. (NASDAQ:LBAI) news was published by Globenewswire.com which published an article titled: “Market Trends Toward New Normal in WisdomTree Investments, ePlus inc, Mettler-Toledo International, Lakeland, EP …” on May 30, 2018.

Lakeland Bancorp, Inc. (NASDAQ:LBAI) Institutional Positions Chart

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