Lakeland Bancorp, Inc. (NASDAQ:LBAI) EVP Paul Ho-Sing-Loy Sells 8,000 Shares

Lakeland Bancorp, Inc. (NASDAQ:LBAI) EVP Paul Ho-Sing-Loy sold 8,000 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $12.54, for a total transaction of $100,320.00. Following the transaction, the executive vice president now owns 40,763 shares of the company’s stock, valued at approximately $511,168.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Lakeland Bancorp Stock Performance

NASDAQ LBAI opened at $12.93 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.44. The firm’s fifty day moving average price is $12.03 and its two-hundred day moving average price is $12.76. Lakeland Bancorp, Inc. has a 1 year low of $10.65 and a 1 year high of $16.00. The firm has a market capitalization of $842.39 million, a P/E ratio of 10.10 and a beta of 0.82.

Lakeland Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Monday, April 29th will be given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 4.49%. The ex-dividend date is Friday, April 26th. Lakeland Bancorp’s dividend payout ratio (DPR) is currently 45.31%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. StockNews.com upgraded shares of Lakeland Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Keefe, Bruyette & Woods reduced their target price on shares of Lakeland Bancorp from $16.65 to $14.15 and set a “market perform” rating for the company in a report on Tuesday, April 23rd.

Institutional Trading of Lakeland Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in Lakeland Bancorp by 4,563.6% during the fourth quarter. Parallel Advisors LLC now owns 2,052 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 2,008 shares in the last quarter. Lindbrook Capital LLC raised its position in Lakeland Bancorp by 4,356.0% during the fourth quarter. Lindbrook Capital LLC now owns 2,228 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 2,178 shares in the last quarter. Rise Advisors LLC bought a new stake in Lakeland Bancorp during the first quarter worth $29,000. Signaturefd LLC raised its position in shares of Lakeland Bancorp by 212.5% in the fourth quarter. Signaturefd LLC now owns 2,597 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 1,766 shares during the period. Finally, Private Wealth Management Group LLC bought a new position in shares of Lakeland Bancorp in the fourth quarter valued at about $47,000. 59.62% of the stock is owned by institutional investors.

Lakeland Bancorp Company Profile

Lakeland Bancorp, Inc operates as the bank holding company for Lakeland Bank that provides financial products and services for businesses and consumers. It provides commercial banking services, including savings, money market, and time accounts, as well as demand deposits. The company also offers lending services, including commercial real estate loans, commercial and industrial loans, short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, residential mortgage loans, small business administration loans, and merchant credit card services; financing solutions to small and medium-sized companies; online banking, mobile banking, and wire transfer services to the business community and municipal relationships; and cash management services, such as remote capture of deposits and overnight sweep repurchase agreements.