How Analysts Feel About Lakeland Bancorp, Inc. (LBAI) After Forming Multiple Top Pattern?

July 18, 2017 - By Marie Mckinney

Investors sentiment increased to 1.67 in Q4 2016. Its up 0.19, from 1.48 in 2016Q3. It improved, as 4 investors sold Lakeland Bancorp, Inc. shares while 32 reduced holdings. 18 funds opened positions while 42 raised stakes. 22.60 million shares or 19.00% more from 18.99 million shares in 2016Q3 were reported.
Rhumbline Advisers holds 45,180 shares or 0% of its portfolio. 84,600 were accumulated by Fj Capital Management Limited Liability Company. Brandywine Glob Inv Management Ltd Company holds 0% of its portfolio in Lakeland Bancorp, Inc. (NASDAQ:LBAI) for 14,537 shares. Connor Clark And Lunn Investment Mngmt Limited invested 0% of its portfolio in Lakeland Bancorp, Inc. (NASDAQ:LBAI). Wellington Mngmt Llp invested in 3.68 million shares. Kcg has 0.01% invested in Lakeland Bancorp, Inc. (NASDAQ:LBAI). Banc Funds Company Limited Liability Company invested in 1.68M shares. The Massachusetts-based Geode Management Lc has invested 0% in Lakeland Bancorp, Inc. (NASDAQ:LBAI). Strs Ohio invested in 0% or 27,100 shares. Stifel reported 0% stake. Millennium Mngmt Ltd Liability Corporation holds 48,395 shares or 0% of its portfolio. Vanguard Gp Inc has 1.78M shares for 0% of their portfolio. Maltese Capital Limited Liability stated it has 0.77% in Lakeland Bancorp, Inc. (NASDAQ:LBAI). M&T Natl Bank Corporation reported 0% stake. Alpine Woods Limited Liability Company holds 0.01% of its portfolio in Lakeland Bancorp, Inc. (NASDAQ:LBAI) for 10,000 shares.

Since January 30, 2017, it had 0 insider purchases, and 10 sales for $1.69 million activity. BOHUNY BRUCE D. sold $506,919 worth of stock. VANDENBERGH ROBERT A also sold $193,200 worth of Lakeland Bancorp, Inc. (NASDAQ:LBAI) on Friday, February 24. TILTON STEPHEN R SR also sold $271,976 worth of Lakeland Bancorp, Inc. (NASDAQ:LBAI) shares. HURLEY JOSEPH sold $157,061 worth of Lakeland Bancorp, Inc. (NASDAQ:LBAI) on Monday, March 20. On Wednesday, May 3 YANAGISAWA DAVID S. sold $19,450 worth of Lakeland Bancorp, Inc. (NASDAQ:LBAI) or 1,000 shares. Matteson Timothy J sold $51,887 worth of stock.

The stock of Lakeland Bancorp, Inc. (LBAI) shows a multiple tops pattern with $19.66 target or 4.00 % above today’s $18.90 share price. The 8 months chart pattern indicates low risk for the $894.93 million company. It was reported on Jul, 18 by Finviz.com. If the $19.66 price target is reached, the company will be worth $35.80 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock decreased 0.26% or $0.05 during the last trading session, reaching $18.9. About shares traded. Lakeland Bancorp, Inc. (NASDAQ:LBAI) has risen 69.96% since July 18, 2016 and is uptrending. It has outperformed by 53.26% the S&P500.

Analysts await Lakeland Bancorp, Inc. (NASDAQ:LBAI) to report earnings on July, 28. They expect $0.27 earnings per share, up 3.85 % or $0.01 from last year’s $0.26 per share. LBAI’s profit will be $12.78 million for 17.50 P/E if the $0.27 EPS becomes a reality. After $0.26 actual earnings per share reported by Lakeland Bancorp, Inc. for the previous quarter, Wall Street now forecasts 3.85 % EPS growth.

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

Among 3 analysts covering Lakeland Bancorp (NASDAQ:LBAI), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Lakeland Bancorp had 4 analyst reports since August 13, 2015 according to SRatingsIntel. The firm has “Mkt Perform” rating given on Thursday, October 27 by Raymond James. The stock has “Market Perform” rating by FIG Partners on Thursday, January 5.

More news for Lakeland Bancorp, Inc. (NASDAQ:LBAI) were recently published by: Njbiz.com, which released: “Lakeland adds SVP to commercial lending team” on June 30, 2017. Globenewswire.com‘s article titled: “Lakeland Bancorp Announces “At-The-Market” Offering of Common Stock” and published on December 09, 2016 is yet another important article.

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