November 28, 2016 - By Clifton Ray
The director of Lakeland Bancorp Inc, Edward Deutsch a few days ago got roughly $324,930 US Dollars for 18,746 shares in the Lakeland Bancorp Inc firm at an around $17.3 for each one share. It seems he is very active lately as in the last 30 days, he unloaded additional 105,604 shares of the company, worth $1,687,850 USD. Dated November 28, 2016, this shares trade by Edward Deutsch was disclosed in a document filed with the Security and Exchange Commission. It is available for a free review here. Due to the significance of this stocks unloading, it will not stay unseen. Edward Deutsch owns 0.12% of the -company’s market cap with a total of 52,187 shares.
Out of 2 analysts covering Lakeland Bancorp (NASDAQ:LBAI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $13.50 is the highest target while $12 is the lowest. The $12.75 average target is -28.37% below today’s ($17.8) stock price. Lakeland Bancorp has been the topic of 3 analyst reports since August 13, 2015 according to StockzIntelligence Inc. On Thursday, October 27 the stock rating was downgraded by Raymond James to “Mkt Perform”.
Insitutional Activity: The institutional sentiment increased to 1.48 in 2016 Q2. Its up 0.11, from 1.37 in 2016Q1. The ratio is positive, as 8 funds sold all Lakeland Bancorp, Inc. shares owned while 27 reduced positions. 9 funds bought stakes while 39 increased positions. They now own 18.15 million shares or 0.79% more from 18.00 million shares in 2016Q1.
State Street Corp accumulated 623,641 shares or 0% of the stock. Regentatlantic Capital Limited Liability Corporation owns 55,010 shares or 0.06% of their US portfolio. Goldman Sachs Incorporated holds 0% or 18,197 shares in its portfolio. Ny State Common Retirement Fund last reported 34,500 shares in the company. Blackrock owns 9,444 shares or 0% of their US portfolio. Pacific Ridge Cap Ptnrs Llc owns 47,010 shares or 0.24% of their US portfolio. Geode Cap Mngmt Ltd Liability reported 254,815 shares or 0% of all its holdings. Wellington Mngmt Group Ltd Liability Partnership accumulated 0.01% or 1.72M shares. Genesee Valley Tru holds 0.08% or 11,412 shares in its portfolio. The Massachusetts-based Acadian Asset Management Limited Liability has invested 0% in Lakeland Bancorp, Inc. (NASDAQ:LBAI). Blackrock Institutional Tru Na has 0% invested in the company for 1.08 million shares. Axa accumulated 0% or 9,300 shares. The Illinois-based First Trust Advsrs Ltd Partnership has invested 0% in Lakeland Bancorp, Inc. (NASDAQ:LBAI). Swiss Bank & Trust holds 65,885 shares or 0% of its portfolio. Barclays Public Ltd Company accumulated 0% or 28,636 shares.
Insider Transactions: Since June 15, 2016, the stock had 1 buy, and 10 selling transactions for $2.76 million net activity. On Tuesday, November 8 MCCLURE STEWART E JR sold $224,754 worth of the stock or 15,567 shares. 990 shares with value of $16,484 were sold by DEUTSCH EDWARD B on Tuesday, November 15. 2,000 shares with value of $23,980 were bought by TILTON STEPHEN R SR on Wednesday, August 3.
About 97,334 shares traded hands. Lakeland Bancorp, Inc. (NASDAQ:LBAI) has risen 58.95% since April 25, 2016 and is uptrending. It has outperformed by 52.94% the S&P500.
Lakeland Bancorp, Inc. is the bank holding firm for Lakeland Bank . The company has a market cap of $800.04 million. Lakeland operates under a state bank charter and provides full banking services. It has a 19.51 P/E ratio. Lakeland generates commercial, mortgage and consumer loans and receives deposits from clients located in Northern and Central New Jersey.
According to Zacks Investment Research, “LAKELAND BANCORP INC. is a bank holding company engaged in general banking business.”
Analysts await Lakeland Bancorp, Inc. (NASDAQ:LBAI) to report earnings on January, 26. They expect $0.25 EPS, up 4.17% or $0.01 from last year’s $0.24 per share. LBAI’s profit will be $11.24 million for 17.75 P/E if the $0.25 EPS becomes a reality. After $0.28 actual EPS reported by Lakeland Bancorp, Inc. for the previous quarter, Wall Street now forecasts -10.71% negative EPS growth.
More news for Lakeland Bancorp, Inc. (NASDAQ:LBAI) were recently published by: Globenewswire.com, which released: “Lakeland Bancorp Announces Closing of Acquisition of Harmony Bank” on July 01, 2016. Nasdaq.com‘s article titled: “Lakeland Bancorp, Inc. (LBAI) Ex-Dividend Date Scheduled for November 03, 2016” and published on November 02, 2016 is yet another important article.
Lakeland Bancorp, Inc., incorporated on June 11, 1905, is the bank holding firm 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 clients located in Northern and Central New Jersey. Lakeland also provides non-deposit products, such as securities brokerage services, including mutual funds and variable annuities. Through Lakeland, the Company offers a range of lending, depository and related financial services to individuals and small to medium sized businesses located in northern and central New Jersey. Lakeland’s equipment financing division provides a solution to small and medium sized companies, who prefer to lease equipment over other financial alternatives. Lakeland’s asset based loan department provides commercial borrowers with another lending alternative.
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By Clifton Ray