Lakeland Bancorp, Inc. (LBAI) Director Mary Ann Deacon Acquires 1,000 Shares

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Lakeland Bancorp, Inc. (NASDAQ:LBAI) Director Mary Ann Deacon bought 1,000 shares of the company’s stock in a transaction dated Friday, December 14th. The stock was bought at an average price of $14.65 per share, with a total value of $14,650.00. Following the acquisition, the director now owns 26,233 shares in the company, valued at approximately $384,313.45. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mary Ann Deacon also recently made the following trade(s):

  • On Thursday, November 1st, Mary Ann Deacon bought 6,750 shares of Lakeland Bancorp stock. The stock was bought at an average price of $16.51 per share, with a total value of $111,442.50.

Shares of Lakeland Bancorp stock opened at $14.60 on Wednesday. The company has a market capitalization of $696.61 million, a PE ratio of 11.37 and a beta of 0.86. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.96. Lakeland Bancorp, Inc. has a one year low of $14.31 and a one year high of $21.20.

Lakeland Bancorp (NASDAQ:LBAI) last announced its earnings results on Thursday, October 25th. The financial services provider reported $0.35 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.35. The firm had revenue of $49.26 million during the quarter, compared to analysts’ expectations of $50.39 million. Lakeland Bancorp had a return on equity of 10.37% and a net margin of 26.69%. As a group, research analysts forecast that Lakeland Bancorp, Inc. will post 1.35 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in LBAI. BlackRock Inc. lifted its stake in shares of Lakeland Bancorp by 1.1% during the 3rd quarter. BlackRock Inc. now owns 3,173,774 shares of the financial services provider’s stock worth $57,285,000 after acquiring an additional 33,697 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Lakeland Bancorp by 2.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,749,713 shares of the financial services provider’s stock worth $49,632,000 after acquiring an additional 75,488 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Lakeland Bancorp by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 2,121,333 shares of the financial services provider’s stock worth $38,291,000 after acquiring an additional 53,482 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of Lakeland Bancorp by 2.6% during the 3rd quarter. Vanguard Group Inc now owns 2,121,333 shares of the financial services provider’s stock worth $38,291,000 after acquiring an additional 53,482 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Lakeland Bancorp by 1.2% during the 2nd quarter. Northern Trust Corp now owns 1,275,388 shares of the financial services provider’s stock worth $25,317,000 after acquiring an additional 14,668 shares during the last quarter. Hedge funds and other institutional investors own 55.41% of the company’s stock.

A number of equities analysts have recently commented on LBAI shares. ValuEngine cut Lakeland Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. BidaskClub cut Lakeland Bancorp from a “sell” rating to a “strong sell” rating in a report on Saturday, December 1st. FIG Partners upgraded Lakeland Bancorp from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a report on Friday, October 26th. Zacks Investment Research cut Lakeland Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, October 30th. Finally, Boenning Scattergood started coverage on Lakeland Bancorp in a report on Monday, September 10th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Lakeland Bancorp presently has an average rating of “Hold” and an average target price of $19.88.

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Lakeland Bancorp Company Profile

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.

Further Reading: Outstanding Shares and The Effect on Share Price

Insider Buying and Selling by Quarter for Lakeland Bancorp (NASDAQ:LBAI)

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