Lakeland Bancorp, Inc. (LBAI)

NASDAQ: LBAI · IEX Real-Time Price · USD
11.73
-0.03 (-0.26%)
Feb 27, 2024, 4:00 PM EST - Market closed
-0.26%
Market Cap 764.76M
Revenue (ttm) 315.05M
Net Income (ttm) 98.25M
Shares Out 65.03M
EPS (ttm) 1.48
PE Ratio 7.93
Forward PE 10.08
Dividend $0.58 (4.95%)
Ex-Dividend Date Feb 2, 2024
Volume 194,733
Open 11.98
Previous Close 11.76
Day's Range 11.71 - 11.98
52-Week Range 10.65 - 19.48
Beta 0.89
Analysts Hold
Price Target 16.65 (+41.94%)
Earnings Date Jan 25, 2024

About 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 co... [Read more]

Sector Financials
Founded 1989
Employees 860
Stock Exchange NASDAQ
Ticker Symbol LBAI
Full Company Profile

Financial Performance

In 2022, LBAI's revenue was $332.20 million, an increase of 23.91% compared to the previous year's $268.09 million. Earnings were $107.37 million, an increase of 12.97%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for LBAI stock is "Hold" and the 12-month stock price forecast is $16.65.

Price Target
$16.65
(41.94% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Lakeland Bancorp Announces Quarterly and Year-End 2023 Earnings

OAK RIDGE, N.J., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the “Company”), the parent company of Lakeland Bank (“Lakeland”), reported net income of $20.1 million and ear...

4 weeks ago - GlobeNewsWire

Lakeland Bancorp Announces Date for Fourth Quarter Earnings

OAK RIDGE, N.J., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the “Company”) announced that it expects to report earnings for the fourth quarter ended December 31, 2023, on...

6 weeks ago - GlobeNewsWire

Lakeland Bancorp, Inc. Announces Date For 2023 Annual Meeting of Shareholders

OAK RIDGE, N.J., Nov. 06, 2023 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the “Company”), the parent company of Lakeland Bank, today announced that the Company's 2023 Annual Meeting of...

4 months ago - GlobeNewsWire

Lakeland Bancorp Announces Third Quarter Results

OAK RIDGE, N.J., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the “Company”), the parent company of Lakeland Bank (“Lakeland”), reported net income of $22.2 million and ear...

4 months ago - GlobeNewsWire

Lakeland Bancorp Announces Date for Third Quarter Earnings

OAK RIDGE, N.J., Oct. 13, 2023 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the “Company”) announced that it expects to report earnings for the third quarter ended September 30, 2023, on...

4 months ago - GlobeNewsWire

Lakeland Bancorp Announces Second Quarter Results

OAK RIDGE, N.J., July 27, 2023 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the “Company”), the parent company of Lakeland Bank (“Lakeland”), reported net income of $22.6 million and ear...

7 months ago - GlobeNewsWire

Lakeland Bancorp Announces Date for Second Quarter Earnings

OAK RIDGE, N.J., July 14, 2023 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the “Company”) announced that it expects to report earnings for the second quarter ended June 30, 2023, on Thu...

8 months ago - GlobeNewsWire

Lakeland Bancorp Announces First Quarter Results

OAK RIDGE, N.J., April 27, 2023 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the “Company”), the parent company of Lakeland Bank (“Lakeland”), reported net income of $19.8 million and ea...

10 months ago - GlobeNewsWire

Lakeland Bancorp Announces Date for First Quarter Earnings

OAK RIDGE, N.J., April 10, 2023 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the “Company”) announced that it expects to report earnings for the first quarter ended March 31, 2023, on Th...

11 months ago - GlobeNewsWire

Provident Financial Services, Inc. and Lakeland Bancorp, Inc. Announce the Receipt of Shareholder Approvals in Connection with Proposed Merger

ISELIN, N.J. and OAK RIDGE, N.J., Feb. 01, 2023 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE: PFS) (“Provident”), the parent company of Provident Bank, and Lakeland Bancorp, Inc. (Nasd...

1 year ago - GlobeNewsWire

Lakeland Bancorp Announces Record Quarterly and Year-End 2022 Earnings

OAK RIDGE, N.J., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the “Company”), the parent company of Lakeland Bank (“Lakeland”), reported net income of $33.6 million and ear...

1 year ago - GlobeNewsWire

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates MNRL, PFS, LBAI

NEW YORK , Dec. 6, 2022 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches ...

Other symbols: PFS
1 year ago - PRNewsWire

LAKELAND BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Lakeland Bancorp, Inc. - LBAI

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Lakeland Banco...

Other symbols: PFS
1 year ago - Business Wire

INVESTOR ALERT: The M&A Class Action Firm Announces the Investigation of Lakeland Bancorp, Inc. - LBAI

NEW YORK , Nov. 28, 2022 /PRNewswire/ -- Juan Monteverde , founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm ra...

1 year ago - PRNewsWire

Lakeland Bancorp Announces Date for Third Quarter Earnings and Conference Call

OAK RIDGE, N.J., Oct. 07, 2022 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the “Company”) announced that it expects to report earnings for the third quarter ended September 30, 2022, on...

1 year ago - GlobeNewsWire

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Lakeland Bancorp, Inc. Buyout

Wilmington, Delaware--(Newsfile Corp. - September 28, 2022) - Rigrodsky Law, P.A. is investigating Lakeland Bancorp, Inc. ("Lakeland") (NASDAQ: LBAI) regarding possible breaches of fiduciary duties an...

1 year ago - Newsfile Corp

Lakeland Bank Announces Settlement of Claims Made by U.S. Department of Justice

OAK RIDGE, N.J., Sept. 28, 2022 (GLOBE NEWSWIRE) -- Lakeland Bank (“Lakeland”), the wholly owned subsidiary of Lakeland Bancorp, Inc., today announced it has entered into a settlement with the U.S. De...

1 year ago - GlobeNewsWire

Shareholder Alert: Ademi LLP investigates whether Lakeland Bancorp, Inc. has obtained a Fair Price in its transaction with Provident

MILWAUKEE , Sept. 28, 2022 /PRNewswire/ -- Ademi LLP is investigating Lakeland (Nasdaq: LBAI) for possible breaches of fiduciary duty and other violations of law in its transaction with Provident.

1 year ago - PRNewsWire

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates AERI, ECOM, PFS, LBAI

NEW YORK , Sept. 28, 2022 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breache...

Other symbols: PFS
1 year ago - PRNewsWire

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Lakeland Bancorp, Inc.

NEW YORK , Sept. 27, 2022 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Lakeland Bancorp, Inc. (NASDAQ: LBAI) and its board of directors concerning the propos...

Other symbols: PFS
1 year ago - PRNewsWire

LBAI Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Lakeland Bancorp, Inc. Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Lakeland Bancorp, Inc. (NASDAQ: LBAI) to Provident Financial Services, Inc. for 0.8319 sh...

1 year ago - Business Wire

Provident Financial to combine with Lakeland Bancorp in Garden State banking tie-up

Provident Financial Services Inc. said Tuesday it inked a $1.3 billion, all-stock deal to combine with Lakeland Bancorp Inc. in a tie-up of two New Jersey banks bulking up ahead of an expected economi...

Other symbols: PFS
1 year ago - Market Watch

Provident Financial to buy Lakeland Bancorp for an 18% premium in a $1.3 billion stock deal

Provident Financial Services Inc. PFS, -0.56% and announced Tuesday and agreement to acquire Lakeland Bancorp Inc. LBAI, -0.55% in a stock deal valued at $1.3 billion. Provident's stock was indicated ...

Other symbols: PFS
1 year ago - Market Watch

Provident Financial Services, Inc. and Lakeland Bancorp, Inc. to Combine to Create New Jersey's Premier Super-Community Banking Franchise

Creates top-tier New Jersey / Tri-State area super-community bank with significant scale

Other symbols: PFS
1 year ago - GlobeNewsWire

Lakeland Bancorp Announces Record Quarterly Results

OAK RIDGE, N.J., July 28, 2022 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the “Company”), the parent company of Lakeland Bank (“Lakeland”), reported net income of $29.1 million and ear...

1 year ago - GlobeNewsWire