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Lakeland Bancorp, Inc. (LBAI)

Stock Price: $11.25 USD 0.12 (1.08%)
Updated Aug 14, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 567.76M
Revenue (ttm) 206.48M
Net Income (ttm) 61.83M
Shares Out 50.47M
EPS (ttm) 1.20
PE Ratio 9.38
Forward PE 10.45
Dividend $0.50
Dividend Yield 4.44%

Stock Quote

Trading Day Aug 14, 2020
Last Price $11.25
Previous Close $11.13
Change ($) 0.12
Change (%) 1.08%
Day's Open 11.03
Day's Range 10.90 - 11.39
Day's Volume 174,609
52-Week Range 8.31 - 17.63

More Stats

Market Cap 567.76M
Enterprise Value 701.20M
Earnings Date (est) Oct 22, 2020
Ex-Dividend Date Jul 31, 2020
Shares Outstanding 50.47M
Float 48.57M
EPS (basic) 1.21
EPS (diluted) 1.20
FCF / Share 1.95
Dividend $0.50
Dividend Yield 4.44%
Earnings Yield 10.67%
FCF Yield 17.31%
Payout Ratio n/a
Shares Short 1.25M
Short Ratio 6.70
Short % of Float 2.17%
Beta 0.96
PE Ratio 9.38
Forward PE 10.45
P/FCF Ratio 5.78
PS Ratio 2.75
PB Ratio 0.78
Revenue 206.48M
Operating Income 82.40M
Net Income 61.83M
Free Cash Flow 98.28M
Net Cash -133.44M
Net Cash / Share -2.64
Gross Margin 106.65%
Operating Margin 39.91%
Profit Margin 29.90%
FCF Margin 47.60%
ROA 0.89%
ROE 8.56%
ROIC n/a
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (7)

Buy 6
Overweight 1
Hold 0
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$13.50*
(20.00% upside)
Low
13.0
Current: $11.25
High
14.5
Target: 13.50
*Average 12-month price target from 7 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue22119118516313612511699.5196.7199.74
Revenue Growth15.27%3.72%13.41%19.8%8.32%7.97%16.73%2.89%-3.03%-
Gross Profit22119118516313612511699.5196.7199.74
Operating Income94.2080.4583.0662.9651.2446.5238.6532.7230.1431.65
Net Income70.6763.4052.5841.5232.4831.1324.9721.7419.8519.21
Shares Outstanding50.5047.4947.3544.4437.9137.9137.6231.1828.1527.86
Earnings Per Share1.381.321.090.950.850.820.710.720.630.54
EPS Growth4.55%21.1%14.74%11.76%3.66%15.49%-1.39%14.47%15.84%-
Dividend Per Share0.370.450.400.370.330.290.270.240.160.18
Dividend Growth-17.98%12.66%6.76%12.12%12.63%8.12%15.32%44.17%-9.94%-
Operating Cash Flow87.1379.4467.4750.0740.7745.6350.7348.5949.9355.99
Capital Expenditures-4.11-4.83-2.33-3.96-4.14-2.37-2.32-8.23-3.10-1.37
Free Cash Flow83.0274.6165.1346.1236.6243.2648.4140.3646.8354.62
Cash & Equivalents28220914317611810910310872.5649.28
Total Debt633520422422454353242254304324
Net Cash / Debt-350-311-279-246-336-243-140-146-232-275
Assets6,7115,8065,4065,0933,8703,5383,3182,9192,8262,793
Liabilities5,9865,1824,8234,5433,4693,1592,9662,6382,5662,532
Book Value725624583550401379351281260261
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Lakeland Bancorp, Inc.
Country United States
Employees 692
CEO Thomas J. Shara

Stock Information

Ticker Symbol LBAI
Stock Exchange NASDAQ
Sector Financial Services
Industry Banks—Regional
Unique Identifier NASDAQ: LBAI

Description

Lakeland Bancorp, Inc. operates as the bank holding company for Lakeland Bank that provides various banking 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. The company also provides consumer banking services comprising checking accounts, savings accounts, money market accounts, certificates of deposit, secured and unsecured loans, consumer installment loans, mortgage loans, and safe deposit services, as well as Internet banking services. In addition, it offers investment advisory services; and non-deposit products, which include securities brokerage services, including mutual funds and variable annuities, as well as commercial title insurance services and life insurance products. The company operates 52 branch offices throughout Bergen, Essex, Morris, Ocean, Passaic, Somerset, Sussex, and Union counties in New Jersey and Highland Mills, New York; 6 New Jersey regional commercial lending centers in Bernardsville, Iselin, Jackson, Montville, Teaneck, and Waldwick; and 1 commercial lending center in New York to serve the Hudson Valley region. Lakeland Bancorp, Inc. was founded in 1989 and is headquartered in Oak Ridge, New Jersey.