Somewhat Positive News Coverage Somewhat Unlikely to Impact Lakeland Bancorp (LBAI) Stock Price
Press coverage about Lakeland Bancorp (NASDAQ:LBAI) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Lakeland Bancorp earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 45.6004470733531 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Brokerages Anticipate Lakeland Bancorp, Inc. (LBAI) to Announce $0.29 EPS (americanbankingnews.com)
- Keefe, Bruyette & Woods Reiterates Buy Rating for Lakeland Bancorp (LBAI) (americanbankingnews.com)
- Lakeland Bancorp, Inc. (LBAI) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- Stephen R. Sr Tilton, Sr. Sells 29,501 Shares of Lakeland Bancorp, Inc. (LBAI) Stock (americanbankingnews.com)
Lakeland Bancorp (NASDAQ LBAI) opened at $19.65 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $942.32, a PE ratio of 18.03 and a beta of 0.78. Lakeland Bancorp has a 12 month low of $15.06 and a 12 month high of $21.90.
Lakeland Bancorp (NASDAQ:LBAI) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Lakeland Bancorp had a return on equity of 9.12% and a net margin of 24.54%. The business had revenue of $47.57 million for the quarter, compared to the consensus estimate of $47.79 million. research analysts predict that Lakeland Bancorp will post 1.12 EPS for the current fiscal year.
A number of equities analysts have recently commented on the company. Zacks Investment Research lowered Lakeland Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. BidaskClub lowered Lakeland Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $24.50 price objective on shares of Lakeland Bancorp in a research note on Friday, December 22nd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $23.25.
In related news, insider Robert A. Vandenbergh sold 12,738 shares of Lakeland Bancorp stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $20.56, for a total transaction of $261,893.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stephen R. Sr Tilton, Sr. sold 29,501 shares of Lakeland Bancorp stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $19.98, for a total value of $589,429.98. Following the sale, the director now directly owns 664,210 shares in the company, valued at $13,270,915.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,742 shares of company stock worth $1,662,872. 6.20% of the stock is owned by company insiders.
COPYRIGHT VIOLATION NOTICE: This piece of content was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://theolympiareport.com/2017/12/28/somewhat-positive-news-coverage-somewhat-unlikely-to-impact-lakeland-bancorp-lbai-stock-price.html.
About Lakeland Bancorp
Lakeland Bancorp, Inc is the bank holding company for Lakeland Bank (Lakeland). Lakeland operates under a state bank charter and provides full banking services. Lakeland generates commercial, mortgage and consumer loans and receives deposits from customers located in Northern and Central New Jersey. Lakeland also provides non-deposit products, such as securities brokerage services, including mutual funds and variable annuities.
Receive News & Ratings for Lakeland Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lakeland Bancorp and related companies with Analyst Ratings Network's FREE daily email newsletter.