LBAI - Lakeland Bancorp Inc Stock Price, Fair Value and News

13.13USD+0.35 (+2.74%)Market Closed

Market Summary

USD13.13+0.35

Market Closed

2.74%

LBAI Alerts

1 major insider sales recently.

LBAI Stock Price

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LBAI RSI Chart

LBAI Valuation

Market Cap

832.7M

Price/Earnings (Trailing)

9.83

Price/Sales (Trailing)

1.65

EV/EBITDA

1.62

Price/Free Cashflow

8.36

LBAI Price/Sales (Trailing)

LBAI Profitability

EBT Margin

21.92%

Return on Equity

7.18%

Return on Assets

0.77%

Free Cashflow Yield

11.96%

LBAI Fundamentals

LBAI Revenue

Revenue (TTM)

505.5M

Rev. Growth (Yr)

12.64%

Rev. Growth (Qtr)

-0.36%

LBAI Earnings

Earnings (TTM)

84.7M

Earnings Growth (Yr)

-0.05%

Earnings Growth (Qtr)

-1.36%

Breaking Down LBAI Revenue

52 Week Range

12.1316.00

(Low)(High)

Last 7 days

4.8%

Last 30 days

7.4%

Last 90 days

8.4%

Trailing 12 Months

2.6%

How does LBAI drawdown profile look like?

LBAI Financial Health

LBAI Investor Care

Dividend Yield

4.54%

Dividend/Share (TTM)

0.58

Shares Dilution (1Y)

0.21%

Diluted EPS (TTM)

1.29

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	505.5M	0	0	0
2023	405.9M	439.8M	469.9M	491.0M
2022	269.9M	291.6M	323.1M	367.5M
2021	248.7M	252.9M	256.4M	257.3M
2020	256.9M	253.0M	249.8M	248.8M
2019	226.2M	238.7M	249.1M	256.5M
2018	195.6M	200.6M	206.1M	213.1M
2017	170.5M	178.7M	184.4M	190.2M
2016	134.1M	141.8M	152.7M	163.3M
2015	123.6M	124.3M	125.7M	127.5M
2014	117.6M	120.5M	121.4M	122.5M
2013	109.2M	108.9M	111.3M	114.2M
2012	115.9M	114.3M	112.5M	111.0M
2011	123.8M	121.8M	119.7M	117.5M
2010	0	131.1M	128.4M	125.6M
2009	0	0	0	133.8M

Get all data in R, Python etc through our Historical Stock Data APIs

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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

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Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Lakeland Bancorp Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 02, 2024	ho-sing-loy paul	sold	-100,354	12.5442	-8,000	evp chief information officer
Feb 27, 2024	lalwani ellen	sold (taxes)	-21,156	11.76	-1,799	evp/chief banking officer
Feb 27, 2024	ho-sing-loy paul	sold (taxes)	-21,826	11.76	-1,856	evp chief information officer
Feb 27, 2024	matteson timothy j	sold (taxes)	-55,083	11.76	-4,684	evp, cao & general counsel
Feb 27, 2024	splaine thomas jr	sold (taxes)	-60,364	11.76	-5,133	evp and cfo
Feb 27, 2024	shara thomas	sold (taxes)	-	-	-13,771	president and ceo
Feb 27, 2024	nigro james m.	sold (taxes)	-11,077	11.76	-942	evp chief risk officer
Feb 27, 2024	rath john f	sold (taxes)	-8,596	11.76	-731	evp/chief loan officer
Feb 27, 2024	schwarz ronald e	sold (taxes)	-55,918	11.76	-4,755	sr. evp & coo
Feb 21, 2024	splaine thomas jr	acquired	-	-	25,938	evp and cfo

Which funds bought or sold LBAI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	Parallel Advisors, LLC	reduced	-86.74	-27,053	3,290	-%
May 06, 2024	Sterling Financial Planning, Inc.	reduced	-2.11	-185,847	747,417	0.30%
May 06, 2024	HighTower Advisors, LLC	unchanged	-	-232,000	1,049,000	-%
May 06, 2024	NorthStar Asset Management LLC /NJ/	added	1.13	-34,648	166,115	0.13%
May 06, 2024	SG Americas Securities, LLC	sold off	-100	-327,000	-	-%
May 06, 2024	Empowered Funds, LLC	reduced	-39.16	-566,514	561,416	0.01%
May 03, 2024	Glassman Wealth Services	sold off	-100	-7,070	-	-%
May 03, 2024	HUNTINGTON NATIONAL BANK	new	-	3,545	3,545	-%
May 03, 2024	GSA CAPITAL PARTNERS LLP	new	-	339,000	339,000	0.03%
May 03, 2024	SIGNATUREFD, LLC	added	14.09	-2,558	35,852	-%

Are Funds Buying or Selling LBAI?

Are funds buying LBAI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own LBAI

No. of Funds

LBAI Alerts

1 major insider sales recently.

Unveiling Lakeland Bancorp Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	5.71%	3,715,855	SC 13G
Feb 09, 2024	dimensional fund advisors lp	5.2%	3,374,129	SC 13G
Jan 24, 2024	blackrock inc.	10.9%	7,102,544	SC 13G/A
Nov 07, 2023	blackrock inc.	10.1%	6,600,511	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	4.9%	3,675,234	SC 13G/A
Feb 09, 2023	vanguard group inc	4.92%	3,707,287	SC 13G/A
Feb 08, 2023	fj capital management llc	0%	0	SC 13G/A
Jan 24, 2023	blackrock inc.	9.8%	6,319,963	SC 13G/A
Feb 10, 2022	fj capital management llc	6.20%	3,138,008	SC 13G/A
Feb 10, 2022	vanguard group inc	5.63%	2,849,033	SC 13G

Recent SEC filings of Lakeland Bancorp Inc

View All Filings

Date Filed	Form Type	Document
May 06, 2024	4	Insider Trading
Apr 26, 2024	10-Q	Quarterly Report
Apr 19, 2024	8-K	Current Report
Apr 12, 2024	8-K	Current Report
Mar 29, 2024	10-K/A	Annual Report
Mar 29, 2024	8-K	Current Report
Mar 25, 2024	8-K	Current Report
Feb 28, 2024	4	Insider Trading
Feb 28, 2024	4	Insider Trading
Feb 28, 2024	4	Insider Trading

Peers (Alternatives to Lakeland Bancorp Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	550.7B	174.7B	-2.88%	39.91%	10.94	3.15	53.11%	19.83%
BAC	296.0B	127.4B	1.99%	36.69%	11.83	2.15	56.12%	-12.56%
WFC	210.0B	85.8B	4.95%	56.96%	11.19	2.45	35.02%	26.14%
C	118.3B	125.0B	0.65%	33.74%	14.8	0.95	37.85%	-
CFG	16.2B	10.4B	4.71%	38.12%	11.31	1.55	26.22%	-33.87%
KEY	14.1B	8.1B	-0.80%	54.34%	16.12	1.73	32.15%	-50.93%
MID-CAP
CMA	7.1B	4.2B	1.12%	47.25%	10.15	1.66	34.68%	-45.96%
ZION	6.5B	3.9B	4.13%	80.63%	9.55	1.64	45.91%	-25.03%
ABCB	3.4B	1.3B	5.29%	67.41%	12.7	2.67	43.24%	-22.35%
ASB	3.3B	1.8B	5.37%	45.89%	20.77	1.64	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	399.1M	152.4M	-3.36%	49.04%	40.14	2.62	16.94%	-73.84%
AROW	389.7M	162.6M	0.47%	17.60%	12.96	2.4	25.39%	-38.37%
ACNB	273.7M	96.6M	-5.55%	16.05%	8.64	2.83	11.02%	-11.37%
ASRV	40.3M	60.9M	-4.84%	-16.90%	-12.04	0.66	24.06%	-144.92%

Lakeland Bancorp Inc News

Latest updates

Lakeland Bancorp Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-0.4%	129	129	127	121	114	108	96.00	87.00	76.00	64.00	65.00	65.00	63.00	63.00	61.00	61.00	64.00	64.00	65.00	65.00	63.00
EBITDA Margin	-6.0%	0.76*	0.81*	0.92*	1.03*	1.16*	1.26*	1.31*	1.35*	1.38*	1.43*	1.40*	1.34*	-	-	-	-	-	-	-	-	-
Interest Expenses	-4.2%	63.00	65.00	69.00	72.00	76.00	82.00	80.00	80.00	70.00	59.00	59.00	60.00	57.00	55.00	52.00	51.00	50.00	50.00	49.00	49.00	49.00
Income Taxes	-16.7%	6.00	7.00	6.00	7.00	6.00	12.00	10.00	10.00	5.00	7.00	8.00	9.00	8.00	5.00	4.00	4.00	4.00	6.00	6.00	6.00	4.00
Earnings Before Taxes	-5.4%	26.00	27.00	29.00	29.00	26.00	46.00	38.00	39.00	21.00	29.00	30.00	37.00	31.00	24.00	19.00	16.00	16.00	25.00	25.00	24.00	20.00
EBT Margin	-2.9%	0.22*	0.23*	0.28*	0.32*	0.37*	0.39*	0.39*	0.41*	0.43*	0.49*	0.48*	0.44*	-	-	-	-	-	-	-	-	-
Net Income	-1.4%	20.00	20.00	22.00	23.00	20.00	34.00	29.00	29.00	16.00	22.00	22.00	27.00	23.00	19.00	14.00	12.00	12.00	19.00	19.00	17.00	16.00
Net Income Margin	-2.9%	0.17*	0.17*	0.21*	0.24*	0.27*	0.29*	0.30*	0.31*	0.33*	0.37*	0.36*	0.33*	-	-	-	-	-	-	-	-	-
Free Cashflow	-2.8%	24.00	24.00	26.00	26.00	35.00	23.00	30.00	36.00	28.00	23.00	23.00	15.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-1.6%	10,965	11,139	11,177	10,898	10,837	10,784	10,516	10,374	10,275	8,198	8,172	7,854	1,810	7,664	7,522	7,489	7,014	6,711	6,492	6,407	6,365
Cash Equivalents	-35.3%	208	321	354	220	275	236	246	245	422	229	663	375	202	270	346	343	286	282	282	247	226
Net PPE	-2.0%	52.00	53.00	54.00	55.00	56.00	55.00	55.00	55.00	59.00	46.00	46.00	48.00	49.00	48.00	48.00	48.00	48.00	48.00	47.00	50.00	52.00
Goodwill	0%	272	272	272	272	272	272	272	272	272	116	156	156	156	156	156	156	156	156	156	156	154
Liabilities	-1.8%	9,785	9,969	10,041	9,766	9,711	9,675	9,433	9,284	9,186	7,371	7,358	7,058	7,004	6,901	6,769	6,743	6,277	5,986	5,779	5,709	5,684
Shareholder's Equity	0.9%	1,179	1,169	1,136	1,132	1,127	1,109	1,082	1,090	1,089	827	814	797	768	764	754	745	737	725	713	698	681
Retained Earnings	2.7%	386	376	365	353	340	329	305	286	266	259	244	229	208	191	182	174	169	163	150	138	127
Shares Outstanding	0.2%	65.00	65.00	65.00	65.00	65.00	65.00	65.00	65.00	65.00	51.00	51.00	51.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	827	-	-	-	902	-	-	-	847	-	-	-	554	-	-	-	781	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-2.5%	24,611	25,253	26,332	27,259	36,761	26,000	31,381	37,975	29,340	24,720	24,249	16,133	30,001	23,319	3,733	33,542	24,397	25,853	21,345	19,690	20,243
Share Based Compensation	32.2%	1,635	1,237	833	1,100	1,725	3,067	87.00	88.00	1,439	1,399	88.00	901	1,206	920	530	55.00	847	723	558	568	696
Cashflow From Investing	595.1%	64,620	-13,052	-130,423	-106,261	-40,836	-286,180	-123,176	-286,931	44,426	-473,378	-30,015	100,961	-212,858	-239,871	-29,224	-419,649	-239,278	-231,644	-39,021	-8,465	-24,847
Cashflow From Financing	-345.8%	-202,267	-45,371	238,374	23,602	43,067	250,367	92,092	72,753	119,373	14,553	293,001	56,188	114,885	140,714	28,812	443,078	218,146	206,204	52,735	9,315	22,364
Dividend Payments	0.0%	9,520	9,522	9,520	9,529	9,500	9,505	9,506	9,514	8,809	6,922	7,000	6,828	6,369	6,364	6,365	6,364	6,364	6,362	6,362	6,357	5,838
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,452	-	-	-	-

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LBAI Income Statement

2024-03-31

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest Income
Loans and fees	$ 114,680	$ 100,481
Federal funds sold and interest-bearing deposits with banks	1,102	728
Taxable investment securities and other	11,631	11,554
Tax-exempt investment securities	1,448	1,642
Total Interest Income	128,861	114,405
Interest Expense
Deposits	54,763	29,158
Federal funds purchased and securities sold under agreements to repurchase	5,560	7,222
Other borrowings	5,980	2,100
Total Interest Expense	66,303	38,480
Net Interest Income	62,558	75,925
(Benefit) provision for credit losses	(2,692)	7,893
Net Interest Income after (Benefit) Provision for Credit Losses	65,250	68,032
Noninterest Income
Service charges on deposit accounts	1,959	2,789
Commissions and fees	1,690	1,925
Income on bank owned life insurance	877	776
(Loss) gain on equity securities	(129)	148
Gains on sales of loans held for sale	305	430
Swap income	289	56
Other income	103	141
Total Noninterest Income	5,094	6,265
Noninterest Expense
Compensation and employee benefits	26,874	29,996
Premises and equipment	7,886	7,977
FDIC insurance expense	1,393	963
Data processing expense	1,781	1,862
Merger-related expenses	68	295
Other expenses	6,647	7,512
Total Noninterest Expense	44,649	48,605
Income before provision for income taxes	25,695	25,692
Provision for income taxes	5,900	5,887
Net Income	$ 19,795	$ 19,805
Per Share of Common Stock
Basic earnings (in usd per share)	$ 0.30	$ 0.30
Diluted earnings (in usd per share)	0.30	0.30
Dividends (in usd per share)	$ 0.145	$ 0.145

LBAI Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash	$ 203,186	$ 293,366
Interest-bearing deposits due from banks	4,433	27,289
Total cash and cash equivalents	207,619	320,655
Investment securities available for sale, at fair value (allowance for credit losses of $0 at March 31, 2024 and December 31, 2023)	914,029	946,282
Investment securities held to maturity (fair value of $681,857 at March 31, 2024 and $702,563 at December 31, 2023 and allowance for credit losses of $146 at March 31, 2024 and December 31, 2023)	827,107	836,377
Equity securities, at fair value	17,646	17,697
Federal Home Loan Bank and other membership bank stock, at cost	52,205	52,517
Loans held for sale	564	664
Loans, net of deferred fees	8,320,424	8,343,861
Less: Allowance for credit losses	76,823	77,163
Total loans, net	8,243,601	8,266,698
Premises and equipment, net	51,783	52,846
Operating lease right-of-use assets	15,009	16,008
Accrued interest receivable	37,968	37,508
Goodwill	271,829	271,829
Other intangible assets	6,623	7,058
Bank owned life insurance	160,587	159,862
Other assets	158,314	152,566
Total Assets	10,964,884	11,138,567
Liabilities
Deposits	8,500,438	8,581,238
Federal funds purchased and securities sold under agreements to repurchase	602,956	714,152
Federal Home Loan Bank of New York term borrowings	325,000	325,000
Subordinated debentures	194,814	194,705
Operating lease liabilities	15,820	16,891
Other liabilities	146,426	137,212
Total Liabilities	9,785,454	9,969,198
Stockholders' Equity
Common stock, no par value; authorized 100,000,000 shares; issued 65,285,261 shares and outstanding 65,154,226 shares at March 31, 2024 and issued 65,161,310 shares and outstanding 65,030,275 shares at December 31, 2023	859,712	858,857
Retained earnings	386,319	376,044
Treasury shares, at cost, 131,035 shares at March 31, 2024 and December 31, 2023	(1,452)	(1,452)
Accumulated other comprehensive loss	(65,149)	(64,080)
Total Stockholders' Equity	1,179,430	1,169,369
Total Liabilities and Stockholders' Equity	$ 10,964,884	$ 11,138,567

About Lakeland Bancorp Inc

Lakeland Bancorp, Inc. operates as the bank holding company for Lakeland Bank that offers various banking products and services for individuals and small to medium sized businesses. It provides commercial banking services, including savings, money market, and time accounts, as well as demand deposits. The company is also involved in lending services, including commercial real estate loans, commercial and industrial loans, short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, residential mortgage loans, Small Business Administration loans, and merchant credit card services; financing solutions to small and medium-sized companies; online banking, mobile banking, and wire transfer services; and cash management services, such as remote capture of deposits and overnight sweep repurchase agreements. In addition, the company provides consumer banking services, which include checking accounts, savings accounts, interest-bearing checking accounts, money market accounts, certificates of deposit, online banking, secured and unsecured loans, consumer installment loans, mortgage loans, and safe deposit services. Further, it offers investment advisory services for individuals and businesses; and securities brokerage services, including mutual funds and variable annuities, as well as commercial title insurance services and life insurance products. The company was incorporated in 1989 and is headquartered in Oak Ridge, New Jersey.

CEO	Mr. Thomas J. Shara Jr.
WEBSITE	lakelandbank.com
INDUSTRY	Banks Diversified
EMPLOYEES	860

Lakeland Bancorp Inc Frequently Asked Questions

What is the ticker symbol for Lakeland Bancorp Inc? What does LBAI stand for in stocks?

LBAI is the stock ticker symbol of Lakeland Bancorp Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Lakeland Bancorp Inc (LBAI)?

As of Tue May 07 2024, market cap of Lakeland Bancorp Inc is 832.67 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of LBAI stock?

You can check LBAI's fair value in chart for subscribers.

What is the fair value of LBAI stock?

You can check LBAI's fair value in chart for subscribers. The fair value of Lakeland Bancorp Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Lakeland Bancorp Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for LBAI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Lakeland Bancorp Inc a good stock to buy?

The fair value guage provides a quick view whether LBAI is over valued or under valued. Whether Lakeland Bancorp Inc is cheap or expensive depends on the assumptions which impact Lakeland Bancorp Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for LBAI.

What is Lakeland Bancorp Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, LBAI's PE ratio (Price to Earnings) is 9.83 and Price to Sales (PS) ratio is 1.65. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. LBAI PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Lakeland Bancorp Inc's stock?

In the past 10 years, Lakeland Bancorp Inc has provided 0.051 (multiply by 100 for percentage) rate of return.