Lakeland Bancorp Inc

Company Profile

Lakeland Bancorp Inc had its IPO on 1999-01-04 under the ticker symbol LBAI.

The company operates in the Financial Services sector and Banks-Regional industry. Lakeland Bancorp Inc has a staff strength of 860 employees.

Stock update

Shares of Lakeland Bancorp Inc opened at $12.94 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $12.85 - $13.02, and closed at $12.96.

This is a +0.31% increase from the previous day's closing price.

A total volume of 90,434 shares were traded at the close of the day’s session.

In the last one week, shares of Lakeland Bancorp Inc have slipped by -6.02%.

Lakeland Bancorp Inc's Key Ratios

Lakeland Bancorp Inc has a market cap of $840.18 million, indicating a price to book ratio of 1.0897 and a price to sales ratio of 3.6644.

In the last 12-months Lakeland Bancorp Inc’s revenue was $328.04 million with a gross profit of $332.20 million and an EBITDA of $0. The EBITDA ratio measures Lakeland Bancorp Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Lakeland Bancorp Inc’s operating margin was 45.05% while its return on assets stood at 0.99% with a return of equity of 9.43%.

In Q2, Lakeland Bancorp Inc’s quarterly earnings growth was a negative -22.7% while revenue growth was a negative 9%.

Lakeland Bancorp Inc’s PE and PEG Ratio

Forward PE

9.1491

Trailing PE

8.1772

PEG

2.07

Its diluted EPS in the last 12-months stands at $1.58 per share while it has a forward price to earnings multiple of 9.1491 and a PEG multiple of 2.07. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Lakeland Bancorp Inc’s profitability.

Lakeland Bancorp Inc stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 3.6644.

Lakeland Bancorp Inc stock pays annual dividends of $0.58 per share, indicating a yield of 4.41% and a payout ratio of 36.48%.

Balance sheet and cash flow metrics

Total Assets

$10.90 billion

Total Liabilities

$19.71 million

Operating Cash Flow

$-106261000.00

Capital Expenditure

$1.49 million

Dividend Payout Ratio

36.48%

Lakeland Bancorp Inc ended 2024 with $10.90 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $10.90 billion while shareholder equity stood at $1.13 billion.

Lakeland Bancorp Inc ended 2024 with $0 in deferred long-term liabilities, $19.71 million in other current liabilities, 856807000.00 in common stock, $352.78 million in retained earnings and $271.83 million in goodwill. Its cash balance stood at $219.54 million and cash and short-term investments were $1.21 billion. The company’s total short-term debt was $19,710,000 while long-term debt stood at $219.49 million.

Lakeland Bancorp Inc’s total current assets stands at $1.24 billion while long-term investments were $1.89 billion and short-term investments were $988.97 million. Its net receivables were $34.23 million compared to accounts payable of $0 and inventory worth $0.

In 2024, Lakeland Bancorp Inc's operating cash flow was $-106261000.00 while its capital expenditure stood at $1.49 million.

Comparatively, Lakeland Bancorp Inc paid $0.36 in dividends in 2024.

Other key metrics

Current Trading Price

$12.96

52-Week High

$19.5939

52-Week Low

$11.6369

Analyst Target Price

$18.38

Lakeland Bancorp Inc stock is currently trading at $12.96 per share. It touched a 52-week high of $19.5939 and a 52-week low of $19.5939. Analysts tracking the stock have a 12-month average target price of $18.38.

Its 50-day moving average was $14.07 and 200-day moving average was $15.56 The short ratio stood at 7.14 indicating a short percent outstanding of 0%.

Around 543.5% of the company’s stock are held by insiders while 6074.4% are held by institutions.