In a report released today, Christopher O’Connell from KBW maintained a Hold rating on Lakeland Bancorp (LBAI – Research Report), with a price target of $20.80. The company’s shares closed today at $14.98.
According to TipRanks, O’Connell is a 3-star analyst with an average return of 8.2% and a 22.22% success rate. O’Connell covers the Financial sector, focusing on stocks such as Kearny Financial, Chemung Financial, and Amalgamated Bank.
The analyst consensus on Lakeland Bancorp is currently a Hold rating.
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The company has a one-year high of $20.02 and a one-year low of $13.57. Currently, Lakeland Bancorp has an average volume of 282.1K.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LBAI in relation to earlier this year.
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Lakeland Bancorp, Inc. operates as a bank holding company, which provides services through its wholly-owned subsidiary Lakeland Bank. The bank offers a full range of lending services, including commercial loans and leases, real estate and consumer loans to small and medium-sized businesses, professionals and individuals located in its markets. It offers commercial bank services, consumer banking and other services. The company was founded in March 1989 and is headquartered in Oak Ridge, NJ.
