Brokers Offer Predictions for Lakeland Bancorp, Inc.’s Q2 2022 Earnings (NASDAQ:LBAI)

Lakeland Bancorp, Inc. (NASDAQ:LBAI – Get Rating) – Research analysts at DA Davidson issued their Q2 2022 earnings per share estimates for shares of Lakeland Bancorp in a note issued to investors on Monday, May 2nd. DA Davidson analyst M. Navas expects that the financial services provider will earn $0.40 per share for the quarter.

A number of other research analysts also recently commented on the company. Zacks Investment Research downgraded Lakeland Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, March 30th. StockNews.com initiated coverage on Lakeland Bancorp in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

Shares of LBAI opened at $15.15 on Tuesday. The company has a market capitalization of $981.42 million, a P/E ratio of 9.24 and a beta of 0.87. Lakeland Bancorp has a one year low of $14.80 and a one year high of $20.69. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a 50-day moving average price of $16.80 and a 200 day moving average price of $18.09.

Lakeland Bancorp (NASDAQ:LBAI – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The financial services provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.16). Lakeland Bancorp had a net margin of 29.93% and a return on equity of 11.24%. During the same period in the previous year, the company posted $0.45 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 18th. Shareholders of record on Monday, May 9th will be paid a dividend of $0.145 per share. The ex-dividend date is Friday, May 6th. This represents a $0.58 annualized dividend and a yield of 3.83%. This is a boost from Lakeland Bancorp’s previous quarterly dividend of $0.14. Lakeland Bancorp’s dividend payout ratio is presently 32.93%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Lindbrook Capital LLC bought a new position in Lakeland Bancorp during the 1st quarter valued at $27,000. Lazard Asset Management LLC bought a new stake in shares of Lakeland Bancorp during the 4th quarter worth $28,000. Strs Ohio bought a new stake in shares of Lakeland Bancorp during the 1st quarter worth $48,000. Hotaling Investment Management LLC bought a new stake in shares of Lakeland Bancorp during the 1st quarter worth $168,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Lakeland Bancorp during the 4th quarter worth $204,000. Hedge funds and other institutional investors own 49.32% of the company’s stock.

Lakeland Bancorp Company Profile (Get Rating)

Lakeland Bancorp, Inc operates as the bank holding company for Lakeland Bank that offers various banking products and services for individuals and small to medium sized businesses. The company provides commercial banking services, including savings, money market, and time accounts, as well as demand deposits.

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