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LBAI

LBAI - Lakeland Bancorp Inc Stock Price, Fair Value and News

11.80USD+0.34 (+2.97%)Market Closed

Market Summary

LBAI
USD11.80+0.34
Market Closed
2.97%

LBAI Alerts

  • Big fall in earnings (Y/Y)

LBAI Stock Price

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LBAI RSI Chart

LBAI Valuation

Market Cap

767.4M

Price/Earnings (Trailing)

9.06

Price/Sales (Trailing)

1.56

EV/EBITDA

1.12

Price/Free Cashflow

6.94

LBAI Price/Sales (Trailing)

LBAI Profitability

EBT Margin

22.56%

Return on Equity

7.25%

Return on Assets

0.76%

Free Cashflow Yield

14.4%

LBAI Fundamentals

LBAI Revenue

Revenue (TTM)

491.0M

Rev. Growth (Yr)

19.55%

Rev. Growth (Qtr)

2.2%

LBAI Earnings

Earnings (TTM)

84.7M

Earnings Growth (Yr)

-40.23%

Earnings Growth (Qtr)

-9.76%

Breaking Down LBAI Revenue

Last 7 days

2.3%

Last 30 days

-3.6%

Last 90 days

-19.5%

Trailing 12 Months

-31.0%

How does LBAI drawdown profile look like?

LBAI Financial Health

LBAI Investor Care

Dividend Yield

4.92%

Dividend/Share (TTM)

0.58

Shares Dilution (1Y)

0.22%

Diluted EPS (TTM)

1.29

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023405.9M439.8M469.9M491.0M
2022269.9M291.6M323.1M367.5M
2021248.7M252.9M256.4M257.3M
2020256.9M253.0M249.8M248.8M
2019226.2M238.7M249.1M256.5M
2018195.6M200.6M206.1M213.1M
2017170.5M178.7M184.4M190.2M
2016134.1M141.8M152.7M163.3M
2015123.6M124.3M125.7M127.5M
2014117.6M120.5M121.4M122.5M
2013109.2M108.9M111.3M114.2M
2012115.9M114.3M112.5M111.0M
2011123.8M121.8M119.7M117.5M
20100131.1M128.4M125.6M
2009000133.8M

Tracking the Latest Insider Buys and Sells of Lakeland Bancorp Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Feb 27, 2024
lalwani ellen
sold (taxes)
-21,156
11.76
-1,799
evp/chief banking officer
Feb 27, 2024
ho-sing-loy paul
sold (taxes)
-21,826
11.76
-1,856
evp chief information officer
Feb 27, 2024
matteson timothy j
sold (taxes)
-55,083
11.76
-4,684
evp, cao & general counsel
Feb 27, 2024
splaine thomas jr
sold (taxes)
-60,364
11.76
-5,133
evp and cfo
Feb 27, 2024
nigro james m.
sold (taxes)
-11,077
11.76
-942
evp chief risk officer
Feb 27, 2024
rath john f
sold (taxes)
-8,596
11.76
-731
evp/chief loan officer
Feb 27, 2024
shara thomas
sold (taxes)
-
-
-13,771
president and ceo
Feb 27, 2024
schwarz ronald e
sold (taxes)
-55,918
11.76
-4,755
sr. evp & coo
Feb 21, 2024
splaine thomas jr
acquired
-
-
25,938
evp and cfo
Feb 21, 2024
shara thomas
acquired
-
-
75,720
president and ceo

1–10 of 50

Which funds bought or sold LBAI recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Mar 22, 2024
PNC FINANCIAL SERVICES GROUP, INC.
added
1.74
34,205
212,059
-%
Mar 11, 2024
VANGUARD GROUP INC
added
2.89
9,379,270
54,957,500
-%
Mar 01, 2024
GOLDMAN SACHS GROUP INC
added
98.28
7,506,740
13,177,500
-%
Feb 28, 2024
AMERICAN INTERNATIONAL GROUP, INC.
reduced
-0.4
65,738
458,801
-%
Feb 26, 2024
Virtu Financial LLC
new
-
790,000
790,000
0.06%
Feb 23, 2024
MENDON CAPITAL ADVISORS CORP
new
-
2,431,060
2,431,060
1.01%
Feb 16, 2024
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
added
39.72
4,965
11,965
-%
Feb 16, 2024
PRICE T ROWE ASSOCIATES INC /MD/
added
16.14
167,000
630,000
-%
Feb 15, 2024
BARCLAYS PLC
added
59.98
1,283,000
2,748,000
-%
Feb 15, 2024
Legal & General Group Plc
unchanged
-
148,554
1,012,490
-%

1–10 of 50

Are Funds Buying or Selling LBAI?

Are funds buying LBAI calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own LBAI
No. of Funds

Unveiling Lakeland Bancorp Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
5.71%
3,715,855
SC 13G
Feb 09, 2024
dimensional fund advisors lp
5.2%
3,374,129
SC 13G
Jan 24, 2024
blackrock inc.
10.9%
7,102,544
SC 13G/A
Nov 07, 2023
blackrock inc.
10.1%
6,600,511
SC 13G/A
Feb 10, 2023
dimensional fund advisors lp
4.9%
3,675,234
SC 13G/A
Feb 09, 2023
vanguard group inc
4.92%
3,707,287
SC 13G/A
Feb 08, 2023
fj capital management llc
0%
0
SC 13G/A
Jan 24, 2023
blackrock inc.
9.8%
6,319,963
SC 13G/A
Feb 10, 2022
fj capital management llc
6.20%
3,138,008
SC 13G/A
Feb 10, 2022
vanguard group inc
5.63%
2,849,033
SC 13G

Recent SEC filings of Lakeland Bancorp Inc

View All Filings
Date Filed Form Type Document
Mar 25, 2024
8-K
Current Report
Feb 28, 2024
4
Insider Trading
Feb 28, 2024
4
Insider Trading
Feb 28, 2024
4
Insider Trading
Feb 28, 2024
4
Insider Trading
Feb 28, 2024
4
Insider Trading
Feb 28, 2024
4
Insider Trading
Feb 28, 2024
4
Insider Trading
Feb 28, 2024
4
Insider Trading
Feb 28, 2024
10-K
Annual Report

What is the Fair Value of LBAI?

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Cheap
or
Expensive?


Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224


Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index
Very Expensive Stocks
Very Cheap Stocks

Peers (Alternatives to Lakeland Bancorp Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
574.7B
171.1B
9.83% 42.39%
11.6
3.36
60.72% 31.52%
297.7B
130.3B
8.68% 33.18%
11.23
2.29
79.51% -3.68%
206.2B
85.7B
10.06% 39.05%
10.77
2.41
41.49% 39.96%
120.0B
133.3B
10.88% 37.45%
13
0.9
79.09% -
16.4B
10.2B
11.38% -2.76%
10.23
1.61
44.53% -22.43%
14.6B
7.9B
6.82% 30.36%
15.11
1.84
46.47% -49.56%
MID-CAP
7.2B
4.2B
2.60% 18.49%
8.16
1.72
56.25% -23.46%
6.4B
3.9B
0.02% 35.77%
9.4
1.62
45.91% -25.03%
3.3B
1.3B
-0.91% 7.40%
12.35
2.6
43.24% -22.35%
3.2B
2.0B
-1.30% -0.93%
17.55
1.64
70.97% -50.03%
SMALL-CAP
509.4M
120.2M
2.72% 45.71%
19.47
4.24
25.23% -24.02%
428.7M
164.9M
-6.65% 19.35%
36.65
2.6
42.66% -70.76%
411.8M
162.6M
-0.86% -7.25%
13.69
2.53
25.39% -38.37%
313.8M
96.6M
-6.16% 2.24%
9.9
3.25
11.02% -11.37%
46.8M
60.9M
-6.19% -32.56%
-13.99
0.77
24.06% -144.92%

Lakeland Bancorp Inc News

Latest updates
Defense World81 minutes ago

Lakeland Bancorp Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue2.2%12912712111410896.0087.0076.0064.0065.0065.0063.0063.0061.0061.0064.0064.0065.0065.0063.0056.00
EBITDA Margin-12.0%0.81*0.92*1.03*1.16*1.26*1.31*1.35*1.38*1.43*1.40*1.34*1.24*---------
Interest Expenses-5.2%65.0069.0072.0076.0082.0080.0080.0070.0059.0059.0060.0057.0055.0052.0051.0050.0050.0049.0049.0049.0044.00
Income Taxes9.7%7.006.007.006.0012.0010.0010.005.007.008.009.008.005.004.004.004.006.006.006.004.005.00
Earnings Before Taxes-5.4%27.0029.0029.0026.0046.0038.0039.0021.0029.0030.0037.0031.0024.0019.0016.0016.0025.0025.0024.0020.0021.00
EBT Margin-18.3%0.23*0.28*0.32*0.37*0.39*0.39*0.41*0.43*0.49*0.48*0.44*0.36*---------
Net Income-9.8%20.0022.0023.0020.0034.0029.0029.0016.0022.0022.0027.0023.0019.0014.0012.0012.0019.0019.0017.0016.0016.00
Net Income Margin-17.5%0.17*0.21*0.24*0.27*0.29*0.30*0.31*0.33*0.37*0.36*0.33*0.27*---------
Free Cashflow-4.2%24.0026.0026.0035.0023.0030.0036.0028.0023.0023.0015.0028.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets-0.3%11,13911,17710,89810,83710,78410,51610,37410,2758,1988,1727,8541,8107,6647,5227,4897,0146,7116,4926,4076,3655,806
    Cash Equivalents-9.4%321354220275236246245422229663375202270346343286282282247226209
  Net PPE-2.1%53.0054.0055.0056.0055.0055.0055.0059.0046.0046.0048.0049.0048.0048.0048.0048.0048.0047.0050.0052.0049.00
  Goodwill0.0%27227227227227227227227211615615615615615615615615615615615420.00
Liabilities-0.7%9,96910,0419,7669,7119,6759,4339,2849,1867,3717,3587,0587,0046,9016,7696,7436,2775,9865,7795,7095,6845,182
Shareholder's Equity3.0%1,1691,1361,1321,1271,1091,0821,0901,089827814797768764754745737725713698681624
  Retained Earnings2.9%376365353340329305286266259244229208191182174169163150138127117
Shares Outstanding0%65.0065.0065.0065.0065.0065.0065.0065.0051.0051.0051.0051.00---------
Float---826---902---847---554---781--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-4.1%25,25326,33227,25936,76126,00031,38137,97529,34024,72024,24916,13330,00123,3193,73333,54224,39725,85321,34519,69020,24313,038
  Share Based Compensation2454.8%2,12183.0083.001,7252,0541,1001,1001,4391,80588.0088.001,20692053055.00847723558568696495
Cashflow From Investing90.0%-13,052-130,423-106,261-40,836-286,180-123,176-286,93144,426-473,378-30,015100,961-212,858-239,871-29,224-419,649-239,278-231,644-39,021-8,465-24,847-140,482
Cashflow From Financing-119.0%-45,371238,37423,60243,067250,36792,09272,753119,37314,553293,00156,188114,885140,71428,812443,078218,146206,20452,7359,31522,364155,807
  Dividend Payments0.0%9,5229,5209,5299,5009,5059,5069,5148,8096,9227,0006,8286,3696,3646,3656,3646,3646,3626,3626,3575,8385,510
  Buy Backs----------------1,452-----

LBAI Income Statement

2023-12-31
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest Income   
Loans and fees$ 432,038$ 325,001$ 237,037
Federal funds sold and interest-bearing deposits with banks5,3091,295440
Taxable investment securities and other47,47635,35217,208
Tax-exempt investment securities6,2155,8952,633
Total Interest Income491,038367,543257,318
Interest Expense   
Total163,09544,25316,793
Federal funds purchased and securities sold under agreements to repurchase33,5643,65878
Other borrowings12,6987,0175,612
Total Interest Expense209,35754,92822,483
Net Interest Income281,681312,615234,835
Provision (benefit) for credit losses13,0528,514(10,896)
Net Interest Income after Provision (Benefit) for Credit Losses268,629304,101245,731
Noninterest Income   
Service charges on deposit accounts10,33910,9859,856
Commissions and fees7,2259,1166,939
Income on bank owned life insurance3,4503,9802,676
Gain (loss) on equity securities110(1,302)(285)
Gains on sales of loans1,5132,7652,264
Gains on investment securities transactions, net009
Swap income1,5961,576634
Other income905979268
Total Noninterest Income25,13828,09922,361
Total Noninterest Income   
Compensation and employee benefits108,874108,16782,589
Premises and equipment31,30430,88224,773
FDIC insurance expense5,2942,7242,341
Data processing expense7,5636,2385,454
Merger-related expenses8648,6061,782
Other operating expenses29,07531,59123,818
Total Noninterest Expense182,974188,208140,757
Income before provision for income taxes110,793143,992127,335
Provision for income taxes26,05336,62332,294
Net Income$ 84,740$ 107,369$ 95,041
Per Share of Common Stock   
Basic earnings (usd per share)$ 1.29$ 1.64$ 1.85
Diluted earnings (usd per share)1.291.631.85
Cash dividends paid (usd per share)$ 0.58$ 0.57$ 0.53

LBAI Balance Sheet

2023-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets  
Cash$ 293,366$ 223,299
Interest-bearing deposits due from banks27,28912,651
Total cash and cash equivalents320,655235,950
Investment securities, available for sale, at estimated fair value (allowance for credit losses of $0 at December 31, 2023, and $310 at December 31, 2022)946,2821,054,312
Investment securities, held to maturity (estimated fair value of $702,563 at December 31, 2023, and $760,455 at December 31, 2022, and allowance for credit losses of $146 at December 31, 2023, and $107 at December 31, 2022)836,377923,308
Equity securities, at fair value17,69717,283
Federal Home Loan Bank and other membership stock, at cost52,51742,483
Loans held for sale664536
Loans, net of deferred fees8,343,8617,866,050
Less: Allowance for credit losses77,16370,264
Total loans, net8,266,6987,795,786
Premises and equipment, net52,84655,429
Operating lease right-of-use assets16,00820,052
Accrued interest receivable37,50833,374
Goodwill271,829271,829
Other identifiable intangible assets7,0589,088
Bank owned life insurance159,862156,985
Other assets152,566167,425
Total Assets11,138,56710,783,840
Liabilities  
Deposits8,581,2388,567,471
Federal funds purchased and securities sold under agreements to repurchase714,152728,797
Long-Term Federal Home Loan Bank Advances325,00025,000
Subordinated debentures194,705194,264
Operating lease liabilities16,89121,449
Other liabilities137,212138,272
Total Liabilities9,969,1989,675,253
Stockholders’ Equity  
Common stock, no par value; authorized 100,000,000 shares; issued 65,161,310 shares and outstanding 65,030,275 shares at December 31, 2023, and issued 65,002,738 shares and outstanding 64,871,703 shares at December 31, 2022858,857855,425
Retained earnings376,044329,375
Treasury shares, at cost, 131,035 shares at December 31, 2023 and December 31, 2022(1,452)(1,452)
Accumulated other comprehensive loss(64,080)(74,761)
Total Stockholders’ Equity1,169,3691,108,587
Total Liabilities and Stockholders’ Equity$ 11,138,567$ 10,783,840
LBAI
Lakeland Bancorp, Inc. operates as the bank holding company for Lakeland Bank that offers various banking products and services for individuals and small to medium sized businesses. It provides commercial banking services, including savings, money market, and time accounts, as well as demand deposits. The company is also involved in lending services, including commercial real estate loans, commercial and industrial loans, short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, residential mortgage loans, Small Business Administration loans, and merchant credit card services; financing solutions to small and medium-sized companies; online banking, mobile banking, and wire transfer services; and cash management services, such as remote capture of deposits and overnight sweep repurchase agreements. In addition, the company provides consumer banking services, which include checking accounts, savings accounts, interest-bearing checking accounts, money market accounts, certificates of deposit, online banking, secured and unsecured loans, consumer installment loans, mortgage loans, and safe deposit services. Further, it offers investment advisory services for individuals and businesses; and securities brokerage services, including mutual funds and variable annuities, as well as commercial title insurance services and life insurance products. The company was incorporated in 1989 and is headquartered in Oak Ridge, New Jersey.
 CEO
 WEBSITEwww.lakelandbank.com
 EMPLOYEES860

Lakeland Bancorp Inc Frequently Asked Questions


What is the ticker symbol for Lakeland Bancorp Inc? What does LBAI stand for in stocks?

LBAI is the stock ticker symbol of Lakeland Bancorp Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Lakeland Bancorp Inc (LBAI)?

As of Wed Mar 27 2024, market cap of Lakeland Bancorp Inc is 767.42 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of LBAI stock?

You can check LBAI's fair value in chart for subscribers.

What is the fair value of LBAI stock?

You can check LBAI's fair value in chart for subscribers. The fair value of Lakeland Bancorp Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Lakeland Bancorp Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for LBAI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Lakeland Bancorp Inc a good stock to buy?

The fair value guage provides a quick view whether LBAI is over valued or under valued. Whether Lakeland Bancorp Inc is cheap or expensive depends on the assumptions which impact Lakeland Bancorp Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for LBAI.

What is Lakeland Bancorp Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Mar 27 2024, LBAI's PE ratio (Price to Earnings) is 9.06 and Price to Sales (PS) ratio is 1.56. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. LBAI PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Lakeland Bancorp Inc's stock?

In the past 10 years, Lakeland Bancorp Inc has provided 0.036 (multiply by 100 for percentage) rate of return.