Lakeland Bancorp, Inc. (NASDAQ:LBAI) is expected to post earnings of $0.33 per share


Analysts expect Lakeland Bancorp, Inc. (NASDAQ:LBAI – get rating) to announce $0.33 of earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates of 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 during the same quarter last year, which would suggest a negative year-over-year growth rate of 26.7%. The company is expected to issue its next earnings report on Tuesday, April 26.

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

Lakeland Bancorp (NASDAQ: LBAI – get rating) last published its earnings results on Wednesday, January 26. The financial services provider reported $0.45 EPS for the quarter, beating the 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%. During the same period last year, the company posted earnings per share of $0.37.

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

NASDAQ LBAI was up $0.32 on Friday, reaching $17.98. 1,211 shares of the company traded hands, against its 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 minimum of $15.31 and a 52-week maximum of $20.69. The company has a market capitalization of $909.90 million, a price-earnings ratio of 9.74, and a beta of 0.89. The firm 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 17. Shareholders of record on Monday, February 7 received a dividend of $0.135. The ex-dividend date of this dividend was Friday, February 4. This represents 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 banking holding company engaged in the provision of lending, deposit and related financial services. Its consumer banking services include checking accounts, savings accounts, interest-bearing checking accounts, money market accounts, certificates of deposit, Internet banking, secured and unsecured loans, consumer installment loans, mortgage loans, and credit services. secure deposit.

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Lakeland Bancorp (NASDAQ:LBAI) earnings history and estimates

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