News articles about Lakeland Bancorp (NASDAQ:LBAI) have trended somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Lakeland Bancorp earned a coverage optimism score of 0.02 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.0993004623663 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several analysts have commented on LBAI shares. Zacks Investment Research cut shares of Lakeland Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. BidaskClub cut shares of Lakeland Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. ValuEngine raised shares of Lakeland Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $24.50 price target on shares of Lakeland Bancorp in a research note on Friday, December 22nd. Finally, FIG Partners reaffirmed a “market-perform” rating on shares of Lakeland Bancorp in a research note on Monday, January 29th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Lakeland Bancorp has an average rating of “Buy” and an average target price of $23.25.
Shares of Lakeland Bancorp stock opened at $19.85 on Tuesday. Lakeland Bancorp has a 1 year low of $15.06 and a 1 year high of $21.90. The firm has a market cap of $939.63, a price-to-earnings ratio of 17.88 and a beta of 0.84. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95.
In other Lakeland Bancorp news, Director Thomas J. Marino bought 5,000 shares of the firm’s stock in a transaction on Saturday, July 28th. The shares were purchased at an average price of $19.08 per share, for a total transaction of $95,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward B. Deutsch sold 6,200 shares of Lakeland Bancorp stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $20.85, for a total value of $129,270.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,270 shares of company stock valued at $290,805. 6.07% of the stock is owned by insiders.
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About Lakeland Bancorp
Lakeland Bancorp, Inc operates as the bank holding company for Lakeland Bank that provides financial products and services for individuals and small to medium sized businesses. It offers commercial banking services, 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, as well as merchant credit card services; and Internet banking, mobile banking, wire transfer, night depository, and cash management services.
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