KBW analyst Christopher O’Connell maintained a Hold rating on Lakeland Bancorp (LBAI – Research Report) yesterday and set a price target of $16.65. The company’s shares closed yesterday at $14.53.
O’Connell covers the Financial sector, focusing on stocks such as Amalgamated Bank, Kearny Financial, and Lakeland Bancorp. According to TipRanks, O’Connell has an average return of 20.8% and a 75.86% success rate on recommended stocks.
Currently, the analyst consensus on Lakeland Bancorp is a Hold with an average price target of $16.65.
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LBAI market cap is currently $941M and has a P/E ratio of 11.22.
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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.
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