Lakeland Bancorp, Inc. (NASDAQ: LBAI) has a price-to-earnings ratio that is above its average at 9.16x. The stock has a 36-month beta value of 0.84. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for LBAI is 61.26M, and at present, short sellers hold a 1.93% of that float. On April 19, 2024, the average trading volume of LBAI was 326.49K shares.
LBAI) stock’s latest price update
Lakeland Bancorp, Inc. (NASDAQ: LBAI)’s stock price has soared by 3.74 in relation to previous closing price of 11.36. Nevertheless, the company has seen a gain of 1.25% in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-10 that OAK RIDGE, N.J., April 10, 2024 (GLOBE NEWSWIRE) — Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the “Company”) announced that it expects to report earnings for the first quarter ended March 31, 2024, on Friday, April 19, 2024, at approximately 8:00 a.m. ET. A copy of the earnings release will be immediately available on its website. The Company will not be hosting an earnings conference call to review the first quarter 2024 results.
LBAI’s Market Performance
Lakeland Bancorp, Inc. (LBAI) has seen a 1.25% rise in stock performance for the week, with a -4.11% decline in the past month and a -14.97% plunge in the past quarter. The volatility ratio for the week is 3.00%, and the volatility levels for the past 30 days are at 3.38% for LBAI. The simple moving average for the past 20 days is -0.01% for LBAI’s stock, with a -9.67% simple moving average for the past 200 days.
Analysts’ Opinion of LBAI
Many brokerage firms have already submitted their reports for LBAI stocks, with Raymond James repeating the rating for LBAI by listing it as a “Outperform.” The predicted price for LBAI in the upcoming period, according to Raymond James is $17 based on the research report published on July 07, 2022 of the previous year 2022.
Raymond James, on the other hand, stated in their research note that they expect to see LBAI reach a price target of $23, previously predicting the price at $17. The rating they have provided for LBAI stocks is “Strong Buy” according to the report published on April 28th, 2021.
Raymond James gave a rating of “Outperform” to LBAI, setting the target price at $13 in the report published on June 17th of the previous year.
LBAI Trading at -1.45% from the 50-Day Moving Average
After a stumble in the market that brought LBAI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.34% of loss for the given period.
Volatility was left at 3.38%, however, over the last 30 days, the volatility rate increased by 3.00%, as shares sank -6.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.51% lower at present.
During the last 5 trading sessions, LBAI rose by +0.77%, which changed the moving average for the period of 200-days by -12.92% in comparison to the 20-day moving average, which settled at $11.75. In addition, Lakeland Bancorp, Inc. saw -20.32% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LBAI starting from MCCRACKEN ROBERT E, who purchase 3,661 shares at the price of $12.62 back on Feb 15 ’24. After this action, MCCRACKEN ROBERT E now owns 75,277 shares of Lakeland Bancorp, Inc., valued at $46,186 using the latest closing price.
Ho-Sing-Loy Paul, the EVP Chief Information Officer of Lakeland Bancorp, Inc., sale 2,000 shares at $14.16 during a trade that took place back on Aug 15 ’23, which means that Ho-Sing-Loy Paul is holding 38,449 shares at $28,326 based on the most recent closing price.
Stock Fundamentals for LBAI
Current profitability levels for the company are sitting at:
- 0.66 for the present operating margin
- 1.0 for the gross margin
The net margin for Lakeland Bancorp, Inc. stands at 0.23. The total capital return value is set at 0.03. Equity return is now at value 7.36, with 0.76 for asset returns.
Based on Lakeland Bancorp, Inc. (LBAI), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 1.06. The interest coverage ratio of the stock is 1.62.
Currently, EBITDA for the company is 10.9 million with net debt to EBITDA at 7.41. When we switch over and look at the enterprise to sales, we see a ratio of 4.59. The receivables turnover for the company is 9.87for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.10.
Conclusion
To sum up, Lakeland Bancorp, Inc. (LBAI) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
