Somewhat Positive Media Coverage Somewhat Unlikely to Impact Lakeland Bancorp (LBAI) Stock Price
Media stories about Lakeland Bancorp (NASDAQ:LBAI) have trended somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lakeland Bancorp earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.0526853296214 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of research analysts recently weighed in on LBAI shares. BidaskClub lowered Lakeland Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. Zacks Investment Research lowered Lakeland Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $22.00.
Shares of Lakeland Bancorp (LBAI) opened at $20.00 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $947.06, a price-to-earnings ratio of 18.35 and a beta of 0.78. Lakeland Bancorp has a twelve month low of $15.06 and a twelve month high of $21.90.
In related news, insider Robert A. Vandenbergh sold 12,738 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $20.56, for a total transaction of $261,893.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Edward B. Deutsch sold 3,276 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $20.00, for a total value of $65,520.00. The disclosure for this sale can be found here. Insiders sold 21,014 shares of company stock worth $422,413 in the last three months. 6.20% of the stock is owned by corporate insiders.
About Lakeland Bancorp
Lakeland Bancorp, Inc is the bank holding company for Lakeland Bank (Lakeland). Lakeland operates under a state bank charter and provides full banking services. Lakeland generates commercial, mortgage and consumer loans and receives deposits from customers located in Northern and Central New Jersey. Lakeland also provides non-deposit products, such as securities brokerage services, including mutual funds and variable annuities.
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