Earnings per share of $ 0.39 anticipated for Lakeland Bancorp, Inc. (NASDAQ: LBAI) this quarter

Wall Avenue brokers predict that Lakeland Bancorp, Inc. (NASDAQ: LBAI) will report earnings of $ 0.39 per share for the present quarter, Zacks funding analysis experiences. 4 analysts made revenue estimates for Lakeland Bancorp. The bottom estimate of EPS is $ 0.32 and the best is $ 0.46. Lakeland Bancorp posted earnings per share of $ 0.24 in the identical quarter final yr, suggesting a optimistic year-over-year development price of 62.5%. The corporate is anticipated to launch its subsequent quarterly earnings report on Thursday, April 29.

On common, analysts count on Lakeland Bancorp to report annual revenue of $ 1.42 per share for the present yr, with EPS estimates starting from $ 1.29 to $ 1.58. For subsequent yr, analysts predict the corporate will submit earnings of $ 1.48 per share, with EPS estimates starting from $ 1.35 to $ 1.67. Zacks Funding Analysis earnings per share averages are a median based mostly on a survey of analysts who cowl Lakeland Bancorp.

Lakeland Bancorp (NASDAQ: LBAI) final launched its quarterly outcomes on Wednesday, January 27. The monetary companies supplier reported earnings per share of $ 0.37 for the quarter, beating the Zacks consensus estimate of $ 0.29 by $ 0.08. Lakeland Bancorp had a internet margin of 20.64% and a return on fairness of seven.75%.

Quite a lot of analysis firms have weighed in on LBAI. Zacks funding analysis raised Lakeland Bancorp shares from a “maintain” score to a “robust purchase” score and set a worth goal of $ 17.00 on the inventory in a analysis word on Tuesday, February 9. TheStreet upgraded Lakeland Bancorp’s shares from a “c +” score to a “b” score in a analysis word on Tuesday, November 24. Three fairness analysis analysts rated the inventory with a purchase score and one gave the corporate a robust purchase score. The corporate at present has a median score of “Purchase” and a median goal worth of $ 17.00.

Lakeland Bancorp shares opened at $ 15.68 on Monday. The corporate has a market cap of $ 791.35 million, a PE ratio of 14.00 and a beta of 0.97. Lakeland Bancorp has a 12 month minimal of $ 8.31 and a 12 month most of $ 16.50. The corporate’s 50-day cellular common worth is $ 14.28, and its 200-day cellular common worth is $ 12.16. The corporate has a present ratio of 0.97, a fast ratio of 0.97, and a debt ratio of 0.34.

The corporate additionally just lately disclosed a quarterly dividend, which was paid on Wednesday, February 17. Shareholders of file on Monday February 8 acquired a dividend of $ 0.125 per share. The ex-dividend date was Friday February 5. This represents an annualized dividend of $ 0.50 and a dividend yield of three.19%. Lakeland Bancorp’s dividend payout ratio (DPR) is at present 34.97%.

A number of institutional traders have just lately elevated or lowered their holdings in LBAI. JPMorgan Chase & Co. raised its place in shares of Lakeland Bancorp by 52.4% within the 4th quarter. JPMorgan Chase & Co. now owns 483,820 shares of the monetary companies supplier valued at $ 6,144,000 after buying an extra 166,305 shares within the final quarter. Morgan Stanley elevated its place in Lakeland Bancorp shares by 263.0% within the third quarter. Morgan Stanley now owns 179,963 shares of the monetary companies supplier valued at $ 1,791,000 after buying an extra 130,390 shares within the final quarter. Raymond James & Associates bought a brand new stake in shares of Lakeland Bancorp in the course of the third quarter valued at $ 1,016,000. GSA Capital Companions LLP bought a brand new stake in shares of Lakeland Bancorp in the course of the third quarter valued at $ 615,000. Lastly, Fuller & Thaler Asset Administration Inc. raised its place in Lakeland Bancorp shares by 39.3% within the 4th quarter. Fuller & Thaler Asset Administration Inc. now owns 199,705 shares of the monetary companies supplier valued at $ 2,536,000 after buying an extra 56,342 shares within the final quarter. 56.65% of the shares are held by institutional traders and hedge funds.

About Lakeland Bancorp

Lakeland Bancorp, Inc operates as a banking holding firm for Lakeland Financial institution which supplies varied banking services and products to people and small and medium companies. It affords business banking companies, together with financial savings, cash market and time period accounts, in addition to demand deposits; mortgage options, comparable to brief and medium time period loans, strains of credit score, letters of credit score, stock and accounts receivable financing, actual property building loans, mortgages, administration loans small enterprise, business actual property loans, business and industrial loans and gear financing, in addition to service provider bank card companies; and Web banking, cellular banking, wire switch, in a single day deposit and money administration.

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Historical and revenue estimates for Lakeland Bancorp (NASDAQ: LBAI)

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