LBAI Stock Summary and Trading Ideas (Lakeland Bancorp | NASDAQ:LBAI)

Lakeland Bancorp Inc is a bank holding company. It offers retail banking, business banking, and investment programs. The company's services are lending, depository, short and medium term loans, line and letters of credit, inventory and accounts receivable financing, construction and mortgage loans, merchant credit card services, checking account, savings accounts, now accounts, money market accounts, certificate of deposits, safe deposit, consumer installment loans and also wire transfer, internet and mobile banking, night depository services and investment and advisory services. The company operates through offices located in New Jersey and New York. Its primary source of revenue is interest income generated from loans, leases and investment securities.

Lakeland Bancorp trades on the NASDAQ stock market under the symbol LBAI.

As of April 18, 2024, LBAI stock price climbed to $11.36 with 267,193 million shares trading.

LBAI has a beta of 1.57, meaning it tends to be more sensitive to market movements. LBAI has a correlation of 0.24 to the broad based SPY ETF.

LBAI has a market cap of $738.62 million. This is considered a Small Cap stock.

Last quarter Lakeland Bancorp reported $72 million in Revenue and $.30 earnings per share. This fell short of revenue expectation by $-2 million and missed earnings estimates by -$.02.

In the last 3 years, LBAI stock traded as high as $20.69 and as low as $10.65.

The top ETF exchange traded funds that LBAI belongs to (by Net Assets): VTI, IWM, VXF, AVUV, SMDV.

LBAI has underperformed the market in the last year with a price return of -20.3% while the SPY ETF gained +22.3%. LBAI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -15.4% and -5.1%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

LBAI support price is $10.96 and resistance is $11.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LBAI stock will trade within this expected range on the day.