Lakeland Bancorp, Inc. (NASDAQ:LBAI) has been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $20.50.

A number of analysts recently commented on LBAI shares. Zacks Investment Research upgraded Lakeland Bancorp from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Thursday, October 25th. FIG Partners upgraded Lakeland Bancorp from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research report on Friday, October 26th. Finally, BidaskClub upgraded Lakeland Bancorp from a “strong sell” rating to a “sell” rating in a research report on Friday, November 23rd.

In other Lakeland Bancorp news, Director Robert K. Nicholson III purchased 13,000 shares of the stock in a transaction on Friday, December 21st. The stock was bought at an average price of $14.45 per share, for a total transaction of $187,850.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James E. Hanson II purchased 1,585 shares of the stock in a transaction on Friday, February 1st. The stock was acquired at an average price of $15.78 per share, with a total value of $25,011.30. The disclosure for this purchase can be found here. Insiders acquired a total of 15,585 shares of company stock valued at $227,511 in the last 90 days. 6.07% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in Lakeland Bancorp during the 4th quarter worth $210,000. D. E. Shaw & Co. Inc. grew its stake in shares of Lakeland Bancorp by 113.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 40,377 shares of the financial services provider’s stock worth $598,000 after purchasing an additional 21,474 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Lakeland Bancorp by 19.9% in the fourth quarter. Bank of America Corp DE now owns 99,799 shares of the financial services provider’s stock worth $1,477,000 after purchasing an additional 16,585 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of Lakeland Bancorp by 27.9% in the fourth quarter. Two Sigma Investments LP now owns 101,652 shares of the financial services provider’s stock worth $1,505,000 after purchasing an additional 22,144 shares in the last quarter. Finally, Stone Ridge Asset Management LLC grew its stake in shares of Lakeland Bancorp by 27.6% in the fourth quarter. Stone Ridge Asset Management LLC now owns 20,745 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 4,491 shares in the last quarter. 56.00% of the stock is currently owned by institutional investors and hedge funds.

Lakeland Bancorp stock traded down $0.34 during midday trading on Friday, reaching $16.10. 213,000 shares of the company were exchanged, compared to its average volume of 137,074. The stock has a market cap of $752.17 million, a PE ratio of 12.01 and a beta of 0.85. Lakeland Bancorp has a 1 year low of $13.77 and a 1 year high of $21.20. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48.

Lakeland Bancorp (NASDAQ:LBAI) last posted its quarterly earnings data on Monday, January 28th. The financial services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $49.83 million during the quarter, compared to analysts’ expectations of $49.63 million. Lakeland Bancorp had a return on equity of 10.78% and a net margin of 26.93%. On average, equities analysts predict that Lakeland Bancorp will post 1.37 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Friday, February 8th will be issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 2.86%. The ex-dividend date is Thursday, February 7th. Lakeland Bancorp’s dividend payout ratio (DPR) is 34.33%.

Lakeland Bancorp Company Profile

Lakeland Bancorp, Inc operates as the bank holding company for Lakeland Bank that provides financial products and services for individuals and small to medium sized businesses. It offers commercial banking services, including savings, money market, and time accounts, as well as demand deposits; lending solutions, such as short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, mortgage loans, small business administration loans, commercial real estate loans, commercial and industrial loans, and equipment financing, as well as merchant credit card services; and Internet banking, mobile banking, wire transfer, night depository, and cash management services.

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