Lakeland Bancorp GAAP EPS of $0.30 beats by $0.03, revenue of $67.65M misses by $1.96M
Seeking Alpha News (Fri, 19-Apr 8:03 AM ET)
Lakeland Bancorp Announces First Quarter Results
Globe Newswire (Fri, 19-Apr 8:00 AM ET)
Options Volatility and Implied Earnings Moves Today, April 19, 2024
TipRanks (Fri, 19-Apr 7:05 AM ET)
Globe Newswire (Thu, 11-Apr 6:59 PM ET)
Lakeland Bancorp Announces Date for First Quarter Earnings
Globe Newswire (Wed, 10-Apr 1:07 PM ET)
KBRA Assigns Ratings to Provident Financial Services, Inc.
Business Wire (Mon, 25-Mar 2:40 PM ET)
Globe Newswire (Mon, 25-Mar 1:00 PM ET)
Lakeland Bancorp Announces Quarterly and Year-End 2023 Earnings
Globe Newswire (Thu, 25-Jan 8:00 AM ET)
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 19, 2024, LBAI stock price climbed to $11.84 with 196,516 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 $769.82 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 return of -15.3%, while the SPY ETF gained +21.8%. In the last 3 month period, LBAI fell short of the market, returning -11.6%, while SPY returned +4.8%. However, in the most recent 2 weeks LBAI has outperformed the stock market by returning -0.2%, while SPY returned -3.0%.
LBAI support price is $11.06 and resistance is $11.66 (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.