Equities analysts expect that Lakeland Bancorp, Inc. (NASDAQ:LBAI – Get Rating) will post $0.42 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Lakeland Bancorp’s earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.43. Lakeland Bancorp posted earnings per share of $0.53 in the same quarter last year, which suggests a negative year over year growth rate of 20.8%. The company is expected to issue its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Lakeland Bancorp will report full-year earnings of $1.72 per share for the current fiscal year, with EPS estimates ranging from $1.65 to $1.75. For the next fiscal year, analysts anticipate that the business will post earnings of $1.88 per share, with EPS estimates ranging from $1.75 to $2.05. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Lakeland Bancorp.
Lakeland Bancorp (NASDAQ:LBAI – Get Rating) last issued its quarterly earnings data on Thursday, April 28th. The financial services provider reported $0.25 earnings per share (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 quarter in the prior year, the company posted $0.45 EPS.
Shares of Lakeland Bancorp stock opened at $15.01 on Thursday. The company has a market capitalization of $972.35 million, a P/E ratio of 9.15 and a beta of 0.87. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.85 and a current ratio of 0.85. The company has a fifty day moving average of $16.19 and a 200 day moving average of $17.84. Lakeland Bancorp has a fifty-two week low of $14.64 and a fifty-two week high of $20.69.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 18th. Investors of record on Monday, May 9th were given a $0.145 dividend. This is a positive change from Lakeland Bancorp’s previous quarterly dividend of $0.14. This represents a $0.58 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date was Friday, May 6th. Lakeland Bancorp’s dividend payout ratio is 35.37%.
Institutional investors have recently bought and sold shares of the stock. Two Sigma Investments LP raised its position in Lakeland Bancorp by 66.1% in the 3rd quarter. Two Sigma Investments LP now owns 98,697 shares of the financial services provider’s stock worth $1,740,000 after purchasing an additional 39,267 shares during the period. Two Sigma Advisers LP boosted its stake in shares of Lakeland Bancorp by 231.1% during the third quarter. Two Sigma Advisers LP now owns 202,726 shares of the financial services provider’s stock valued at $3,574,000 after purchasing an additional 141,500 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of Lakeland Bancorp by 19.2% during the third quarter. GSA Capital Partners LLP now owns 60,821 shares of the financial services provider’s stock valued at $1,072,000 after purchasing an additional 9,805 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Lakeland Bancorp by 3.6% in the third quarter. Principal Financial Group Inc. now owns 342,824 shares of the financial services provider’s stock valued at $6,044,000 after acquiring an additional 11,826 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY boosted its stake in Lakeland Bancorp by 11.5% in the third quarter. Metropolitan Life Insurance Co NY now owns 12,366 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 1,274 shares in the last quarter. 49.32% of the stock is currently owned by institutional investors.
About Lakeland Bancorp (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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