In a report released yesterday, Christopher O’Connell from KBW maintained a Hold rating on Lakeland Bancorp (LBAI – Research Report), with a price target of $17.50. The company’s shares closed yesterday at $14.49.
O’Connell covers the Financial sector, focusing on stocks such as Kearny Financial, Lakeland Bancorp, and Amalgamated Bank. According to TipRanks, O’Connell has an average return of 22.7% and a 73.08% success rate on recommended stocks.
Lakeland Bancorp has an analyst consensus of Hold, with a price target consensus of $16.64.
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Based on Lakeland Bancorp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $78.21 million and a net profit of $22.63 million. In comparison, last year the company earned a revenue of $87.37 million and had a net profit of $29.12 million
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Lakeland Bancorp (LBAI) Company Description:
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.
Read More on LBAI:
- Lakeland Bancorp Announces Quarterly and Year-End 2023 Earnings
- LBAI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Lakeland Bancorp Announces Date for Fourth Quarter Earnings
- Provident Financial, Lakeland Bancorp extend merger agreement
- Provident Financial Services, Inc. and Lakeland Bancorp, Inc. Extend Merger Agreement
