Lakeland Bancorp Inc (NASDAQ:LBAI) Sentiment Report

September 8, 2018 - By Lisa Delgado

Lakeland Bancorp, Inc. (NASDAQ:LBAI) Logo

Sentiment for Lakeland Bancorp Inc (NASDAQ:LBAI)

Lakeland Bancorp Inc (NASDAQ:LBAI) institutional sentiment decreased to 0.93 in 2018 Q1. Its down -0.26, from 1.19 in 2017Q4. The ratio has dropped, as 41 active investment managers increased or opened new stock positions, while 44 reduced and sold equity positions in Lakeland Bancorp Inc. The active investment managers in our partner’s database now hold: 25.46 million shares, up from 25.22 million shares in 2017Q4. Also, the number of active investment managers holding Lakeland Bancorp Inc in their top 10 stock positions increased from 1 to 2 for an increase of 1. Sold All: 8 Reduced: 36 Increased: 32 New Position: 9.

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 $914.09 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 15.91 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.

It closed at $19.25 lastly. It is down 6.33% since September 8, 2017 and is uptrending. It has underperformed by 6.24% the S&P500.

Analysts await Lakeland Bancorp, Inc. (NASDAQ:LBAI) to report earnings on October, 25. They expect $0.34 EPS, up 17.24 % or $0.05 from last year’s $0.29 per share. LBAI’s profit will be $16.15M for 14.15 P/E if the $0.34 EPS becomes a reality. After $0.33 actual EPS reported by Lakeland Bancorp, Inc. for the previous quarter, Wall Street now forecasts 3.03 % EPS growth.

Mcrae Capital Management Inc holds 2.57% of its portfolio in Lakeland Bancorp, Inc. for 287,156 shares. Highlander Capital Management Llc owns 161,227 shares or 1.87% of their US portfolio. Moreover, Cardinal Capital Management Llc Ct has 1.5% invested in the company for 2.04 million shares. The Illinois-based Banc Funds Co Llc has invested 1.49% in the stock. Mendon Capital Advisors Corp, a New York-based fund reported 500,000 shares.

Since January 1, 0001, it had 0 insider buys, and 1 insider sale for $418,043 activity.

Another recent and important Lakeland Bancorp, Inc. (NASDAQ:LBAI) news was published by which published an article titled: “Lakeland Bancorp, Inc. to Acquire Highlands Bancorp, Inc.” on August 23, 2018.

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

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