In a report released today, Manuel Navas from D.A. Davidson maintained a Hold rating on Lakeland Bancorp (LBAI – Research Report). The company’s shares closed yesterday at $12.81.
Navas covers the Financial sector, focusing on stocks such as Oceanfirst Financial, 1St Source, and BCB Bancorp. According to TipRanks, Navas has an average return of -12.5% and a 20.00% success rate on recommended stocks.
Lakeland Bancorp has an analyst consensus of Hold, with a price target consensus of $20.80.
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Based on Lakeland Bancorp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $88.69 million and a net profit of $33.6 million. In comparison, last year the company had a net profit of $23.01 million
Based on the recent corporate insider activity of 45 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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