Lakeland Bancorp Inc. (LBAI): Checking the Fundamentals and Technical Reports

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Lakeland Bancorp Inc. (NASDAQ:LBAI) changes shares on Tuesday trading session, with a change of -0.25% or -$0.03 shares. The trading starts at $10.12 and closed at $10.15 throughout the day. The trading session low price was $9.93 and day high was $10.1899 on Tuesday, August 04. After the session, the Financial sector daily volume shifted to 0.14 million while its average volume is 192.51K. In other hand, the LBAI market cap reached to $519.26M. While, its current target price is $13.50.

On April 25, 2018, BRIEF-Lakeland Bancorp Reports Q1 Earnings Per Share Of $0.32. According to the news reported on Reuters, * LAKELAND BANCORP ANNOUNCES FIRST QUARTER RESULTS AND INCREASES DIVIDEND BY 15%

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -1.08% and down -5.51% for month. Its quarterly performance was -3.98% below, while its half year performance is down -38.65%. LBAI yearly performance stood at negative -33.51% and fall -41.77% for year-to-date. Current recommendation for Lakeland Bancorp Inc. is 1.70.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. LBAI EPS (TTM) for 12-month is 1.38. EPS for this year is 5.20%, while for the next year its value is 1.11. Sales growth for the current quarter is 0.81 while its EPS Q/Q reached -21.10%. It has an EPS of 11.10% up for past five years and for the next five years will be up 9.00%.

Let’s take a look on the analyst recommendations on LBAI for the current month and previous month. For the current month, 6 of 7 analysts recommend stock as Buy while 0 as Sell, 1 as overweight, 0 as underweight and 0 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $13.00 – $14.50. Average target price for LBAI was reached at $13.50.

Blackrock Inc., Dimensional Fund Advisors LP and Vanguard Group, Inc. (The) are the top three holders in Lakeland Bancorp Inc. (LBAI) stock. On Mar 30, 2020, Blackrock Inc. has 4.21 million shares which valued 45.49 million. On Mar 30, 2020, Dimensional Fund Advisors LP owned 3.08 million shares which valued at 33.34 million. On Mar 30, 2020, Vanguard Group, Inc. (The) has a total of 2.39 million shares which valued at 25.83 million. In the end, Vanguard Group, Inc. (The) have 4.74% shares outstanding of Lakeland Bancorp Inc. (LBAI) on Mar 30, 2020. The insider ownership moved to 2.10% and institutional holding shifted to 58.20%.

The company posted an EPS (TTM) of 1.38. According to the most recent quarter report on (Sep 2020), 7 analysts estimated an average EPS of 0.26, while 0.37 EPS posted a year ago period. Analyst Estimated EPS for LBAI published in the report was $0.22 – $0.31 during the same period. Comparing with last year, the average estimated EPS was 0.37 which is higher than 0.23 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for LBAI fall -25.31% for period of 200 days. SMA for 50 days was -6.82% which is showing red signal, while SMA-20 was -3.30%. The moving average value for Lakeland Bancorp Inc. (LBAI) is 12.10 and 10.64 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in LBAI stock. On Jul 30, MCCRACKEN ROBERT E, Director, bought 3,500 trading shares at the cost of $10.29, which valued at 36015.0. On Jul 28, Gragnolati Brian, Director, bought 3,000 shares at the cost of $10.20, with total shares of 6,201. On Jul 28, Hanson James E. II, Director, bought 1,680 shares at the cost of 10.23. After this transaction, Hanson James E. II total shares reached to 16,827 which valued at 17186.0.