November 30, 2016 - By Marguerite Chambers
The insider Stewart Mcclure who is Reg Pres of Lakeland Bank of Lakeland Bancorp Inc unloaded some 9,905 shares of the Pinksheet-listed company worth approx. $176,408 US Dollars based on a market price of $17.8 for every share. This is not his first insider trade, in the last month, he unloaded another 66,923 shares worth $976,415 USD. At the moment, Stewart Mcclure owns 102,545 shares which are about 0.23% of Lakeland Bancorp Inc’s market capitalization (total value of the shares outstanding).
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 -28.09% below today’s ($17.73) stock price. Lakeland Bancorp has been the topic of 3 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The company was downgraded on Thursday, October 27 by Raymond James.
Insitutional Activity: The institutional sentiment increased to 1.48 in Q2 2016. Its up 0.11, from 1.37 in 2016Q1. The ratio improved, 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.
Dimensional Fund Advsr L P, a Texas-based fund reported 1.85 million shares. Tiaa Cref Invest Mngmt Ltd Co accumulated 0% or 194,408 shares. Lsv Asset Mngmt accumulated 0.01% or 571,993 shares. Jpmorgan Chase & last reported 0% of its portfolio in the stock. First Republic Invest Management accumulated 31,400 shares or 0% of the stock. Voya Management Llc accumulated 15,041 shares or 0% of the stock. Blackrock Advsrs Lc accumulated 20,006 shares or 0% of the stock. Axa has 9,300 shares for 0% of their US portfolio. Alpine Woods Invsts Ltd Liability Corporation last reported 13,000 shares in the company. Stifel reported 13,980 shares or 0% of all its holdings. Kistler has 4,086 shares for 0.02% of their US portfolio. First Manhattan holds 0.01% of its portfolio in Lakeland Bancorp, Inc. (NASDAQ:LBAI) for 86,500 shares. Federated Invsts Pa has 0% invested in the company for 14,535 shares. State Board Of Administration Of Florida Retirement Sys last reported 56,140 shares in the company. Fj Capital Management has 96,000 shares for 0.22% of their US portfolio.
Insider Transactions: Since June 15, 2016, the stock had 1 buying transaction, and 11 sales for $3.09 million net activity. Another trade for 2,000 shares valued at $23,980 was made by TILTON STEPHEN R SR on Wednesday, August 3. 20,000 shares were sold by DEUTSCH EDWARD B, worth $333,000. The insider MCCLURE STEWART E JR sold 35,796 shares worth $508,303.
About 83,548 shares traded hands. Lakeland Bancorp, Inc. (NASDAQ:LBAI) has risen 54.02% since April 27, 2016 and is uptrending. It has outperformed by 48.79% the S&P500.
Lakeland Bancorp, Inc. is the bank holding firm for Lakeland Bank . The company has a market cap of $783.26 million. Lakeland operates under a state bank charter and provides full banking services. It has a 19.43 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 $11.04M for 17.73 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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