Analysts See $0.34 EPS for Lakeland Bancorp, Inc. (LBAI)

June 15, 2018 - By Lynda A. Deweese

Lakeland Bancorp, Inc. (NASDAQ:LBAI) LogoInvestors sentiment decreased to 0.93 in Q1 2018. Its down 0.26, from 1.19 in 2017Q4. It fall, as 8 investors sold Lakeland Bancorp, Inc. shares while 36 reduced holdings. 9 funds opened positions while 32 raised stakes. 25.46 million shares or 0.97% more from 25.22 million shares in 2017Q4 were reported.
Pnc Grp Inc owns 58,597 shares. Basswood Capital Mngmt Limited Liability has invested 0.16% in Lakeland Bancorp, Inc. (NASDAQ:LBAI). Acadian Asset Limited Com holds 0% or 13 shares. Utd Service Automobile Association accumulated 10,362 shares or 0% of the stock. Moreover, Swiss Bancorp has 0% invested in Lakeland Bancorp, Inc. (NASDAQ:LBAI). First Trust Advsr Limited Partnership invested in 85,460 shares or 0% of the stock. Thrivent For Lutherans has 0.01% invested in Lakeland Bancorp, Inc. (NASDAQ:LBAI). California Public Employees Retirement Systems owns 105,563 shares. Pennsylvania-based Vanguard Grp Inc has invested 0% in Lakeland Bancorp, Inc. (NASDAQ:LBAI). Citigroup Inc owns 17,976 shares or 0% of their US portfolio. 2.04 million were reported by Cardinal Capital Mgmt Limited Co Ct. Morgan Stanley reported 134,381 shares stake. Moreover, Lucas Cap Management has 0.37% invested in Lakeland Bancorp, Inc. (NASDAQ:LBAI) for 19,252 shares. New York-based National Bank Of Ny Mellon has invested 0% in Lakeland Bancorp, Inc. (NASDAQ:LBAI). Mcrae Management stated it has 287,156 shares.

Since December 19, 2017, it had 0 insider buys, and 4 insider sales for $1.33 million activity. 20,050 shares were sold by DEUTSCH EDWARD B, worth $418,043. FREDERICKS MARK J sold $102,700 worth of stock.

Analysts expect Lakeland Bancorp, Inc. (NASDAQ:LBAI) to report $0.34 EPS on July, 19.They anticipate $0.06 EPS change or 21.43 % from last quarter’s $0.28 EPS. LBAI’s profit would be $16.14M giving it 14.96 P/E if the $0.34 EPS is correct. After having $0.32 EPS previously, Lakeland Bancorp, Inc.’s analysts see 6.25 % EPS growth. It closed at $20.35 lastly. It is down 6.33% since June 15, 2017 and is uptrending. It has underperformed by 6.24% the S&P500.

Lakeland Bancorp, Inc. (NASDAQ:LBAI) Ratings Coverage

Among 2 analysts covering Lakeland Bancorp (NASDAQ:LBAI), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Lakeland Bancorp had 3 analyst reports since December 21, 2017 according to SRatingsIntel. Keefe Bruyette & Woods maintained the shares of LBAI in report on Thursday, December 21 with “Buy” rating. The stock of Lakeland Bancorp, Inc. (NASDAQ:LBAI) earned “Buy” rating by Keefe Bruyette & Woods on Monday, February 5.

Lakeland Bancorp, Inc. operates as the holding firm for Lakeland Bank that provides financial services and products for individuals and small to medium sized businesses. The company has market cap of $966.13 million. It offers commercial banking depository products, including savings, money market, and time accounts, as well as demand deposits; lending solutions, such as short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, mortgage loans, small business administration loans, commercial real estate loans, commercial and industrial loans, and equipment financing solutions, as well as merchant credit card services; and wire transfer, Internet banking, mobile banking, night depository, and cash management services. It has a 18.67 P/E ratio. The firm also provides consumer banking services, including checking accounts, savings accounts, NOW accounts, money market accounts, certificates of deposit, secured and unsecured loans, consumer installment loans, mortgage loans, and safe deposit services.

Another recent and important Lakeland Bancorp, Inc. (NASDAQ:LBAI) news was published by Globenewswire.com which published an article titled: “Market Trends Toward New Normal in WisdomTree Investments, ePlus inc, Mettler-Toledo International, Lakeland, EP …” on May 30, 2018.

Lakeland Bancorp, Inc. (NASDAQ:LBAI) Institutional Positions Chart

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