Lakeland Bancorp, Inc. (NASDAQ:LBAI) expects earnings of $0.33 per share


Analysts expect Lakeland Bancorp, Inc. (NASDAQ:LBAI – Get Rating) to report earnings per share (EPS) of $0.33 for the current fiscal quarter, reports Zacks Investment Research. Four analysts have provided estimates for Lakeland Bancorp’s earnings, with the lowest EPS estimate at $0.21 and the highest estimate at $0.48. Lakeland Bancorp posted earnings of $0.45 per share for the same quarter last year, indicating a negative growth rate of 26.7% year over year. The company is expected to release its next earnings report on Tuesday, April 26th.

On average, analysts expect Lakeland Bancorp to report full-year earnings per share for the current fiscal year of $1.70, with EPS estimates ranging from $1.60 to $1.80. For the next fiscal year, analysts expect the company to report earnings of $1.90 per share, with EPS estimates ranging from $1.75 to $2.00. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms covering Lakeland Bancorp.

Lakeland Bancorp (NASDAQ:LBAI – Get Rating) last reported its earnings results on Wednesday, January 26th. The financial services firm reported $0.45 EPS for the quarter, beating Zacks’ consensus estimate of $0.42 by $0.03. Lakeland Bancorp had a return on equity of 11.99% and a net margin of 33.98%. In the same period last year, the company reported earnings per share of $0.37.


This guide will help you identify and implement an options trading strategy that suits your specific needs and risk profile.

Take your trading to the next level with the options strategy guide.

Hedge funds and other institutional investors recently changed their holdings in the company. River Oaks Capital LLC acquired a new position in Lakeland Bancorp stock valued at approximately $1,424,000 during the fourth quarter. FJ Capital Management LLC increased its stake in Lakeland Bancorp by 40.3% in the third quarter. FJ Capital Management LLC now owns 3,099,000 shares of the financial services firm valued at $54,638,000 after purchasing an additional 890,000 shares during the period. BlackRock Inc. increased its stake in Lakeland Bancorp by 10.6% in the fourth quarter. BlackRock Inc. now owns 4,552,717 shares of the financial services provider valued at $86,456,000 after purchasing an additional 436,514 shares during the period. State Street Corp increased its stake in Lakeland Bancorp by 14.2% in the second quarter. State Street Corp now owns 1,402,447 shares of the financial services provider, valued at $24,515,000, after purchasing an additional 174,669 shares during the period. Finally, Two Sigma Advisers LP increased its ownership of Lakeland Bancorp stock by 231.1% during the third quarter. Two Sigma Advisers LP now owns 202,726 shares of the financial services firm valued at $3,574,000 after purchasing an additional 141,500 shares last quarter. 63.30% of the shares are currently held by institutional investors.

NASDAQ LBAI was up $0.32 on Friday to hit $17.98. 1,211 shares of the company were traded compared to an average volume of 306,318. The company’s 50-day moving average price is $19.07 and its 200-day moving average price is $18.16. Lakeland Bancorp has a 52-week low of $15.31 and a 52-week high of $20.69. The company has a market cap of $909.90 million, a price-to-earnings ratio of 9.74 and a beta of 0.89. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt to equity ratio of 0.26.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 17th. Shareholders of record were paid a dividend of $0.135 on Monday, February 7th. The ex-dividend date of this dividend was Friday February 4th. This equates to an annualized dividend of $0.54 and a dividend yield of 3.00%. Lakeland Bancorp’s dividend payout ratio (DPR) is 29.35%.

About Lakeland Bancorp (get rating)

Lakeland Bancorp, Inc is a bank holding company engaged in the provision of credit, custody and related financial services. Consumer banking services include checking accounts, savings accounts, interest-bearing checking accounts, money market accounts, certificates of deposit, Internet banking, secured and unsecured lending, consumer installment loans, mortgage lending, and vaulting services.

Selected items

Get a Free Copy of Zacks Research Report on Lakeland Bancorp (LBAI)

For more information on Zacks Investment Research’s research offerings, visit

Lakeland Bancorp (NASDAQ:LBAI) Earnings History and Estimates

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should You Invest $1,000 in Lakeland Bancorp Now?

Hear this before you consider Lakeland Bancorp.

MarketBeat tracks Wall Street’s best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now, before the broader market takes hold… and Lakeland Bancorp wasn’t on the list.

While Lakeland Bancorp currently has a “strong buy” rating among analysts, top analysts believe these five stocks are better buys.

Check out the 5 stocks here


Comments are closed.