Stock Worth Mentioning Today: Can Lakeland Bancorp, Inc.’s Tomorrow be Different? The Stock Just Broke Its High

Stock Worth Mentioning Today: Can Lakeland Bancorp, Inc.'s Tomorrow be Different? The Stock Just Broke Its High

The stock of Lakeland Bancorp, Inc. (NASDAQ:LBAI) hit a new 52-week high and has $20.54 target or 30.00% above today’s $15.80 share price. The 7 months bullish chart indicates low risk for the $721.04M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $20.54 price target is reached, the company will be worth $216.31M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 178,967 shares traded hands or 65.41% up from the average. Lakeland Bancorp, Inc. (NASDAQ:LBAI) has risen 49.12% since April 11, 2016 and is uptrending. It has outperformed by 42.98% the S&P500.

Lakeland Bancorp, Inc. (NASDAQ:LBAI) Ratings Coverage

Out of 2 analysts covering Lakeland Bancorp (NASDAQ:LBAI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Lakeland Bancorp has been the topic of 3 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The firm has “Mkt Perform” rating given on Thursday, October 27 by Raymond James.

According to Zacks Investment Research, “LAKELAND BANCORP INC. is a bank holding company engaged in general banking business.”

Insitutional Activity: The institutional sentiment decreased to 1.37 in Q2 2016. Its down 1.05, from 2.42 in 2016Q1. The ratio turned negative, as 8 funds sold all Lakeland Bancorp, Inc. shares owned while 27 reduced positions. 9 funds bought stakes while 39 increased positions. They now own 18.15 million shares or 0.79% more from 18.00 million shares in 2016Q1.
Verus Fin Prtnrs last reported 0.07% of its portfolio in the stock. Wedge Cap L L P Nc accumulated 20,357 shares or 0% of the stock. Regentatlantic Capital Ltd Liability accumulated 55,010 shares or 0.06% of the stock. Moreover, Cornercap Inv Counsel Inc has 0.1% invested in Lakeland Bancorp, Inc. (NASDAQ:LBAI) for 47,579 shares. The Pennsylvania-based Federated Pa has invested 0% in Lakeland Bancorp, Inc. (NASDAQ:LBAI). Credit Suisse Ag last reported 0% of its portfolio in the stock. Brandywine Management Limited accumulated 14,637 shares or 0% of the stock. Bridgeway Mgmt accumulated 206,990 shares or 0.04% of the stock. Moreover, Emerald Mutual Fund Advisers has 0.04% invested in Lakeland Bancorp, Inc. (NASDAQ:LBAI) for 65,781 shares. New York State Common Retirement Fund accumulated 0% or 34,500 shares. Manufacturers Life Insur The accumulated 0% or 26,468 shares. Intl Gp has invested 0% of its portfolio in Lakeland Bancorp, Inc. (NASDAQ:LBAI). Blackrock Ltd holds 0% or 9,472 shares in its portfolio. Vantage Investment Advsrs has invested 0.12% of its portfolio in Lakeland Bancorp, Inc. (NASDAQ:LBAI). First Republic Management Incorporated holds 31,400 shares or 0% of its portfolio.

Insider Transactions: Since May 25, 2016, the stock had 1 insider purchase, and 5 selling transactions for $882,922 net activity. Matteson Timothy J had sold 4,500 shares worth $51,345 on Wednesday, May 25. 15,567 Lakeland Bancorp, Inc. (NASDAQ:LBAI) shares with value of $224,754 were sold by MCCLURE STEWART E JR. $57,500 worth of Lakeland Bancorp, Inc. (NASDAQ:LBAI) was sold by DEUTSCH EDWARD B. $23,980 worth of Lakeland Bancorp, Inc. (NASDAQ:LBAI) was bought by TILTON STEPHEN R SR on Wednesday, August 3.

More important recent Lakeland Bancorp, Inc. (NASDAQ:LBAI) news were published by: Streetinsider.com which released: “Form 4 LAKELAND BANCORP INC For: Nov 08 Filed by: MCCLURE STEWART E JR” on November 10, 2016, also Globenewswire.com published article titled: “Lakeland Bancorp Announces Closing of Acquisition of Harmony Bank”, Nasdaq.com published: “Lakeland Bancorp, Inc. (LBAI) Ex-Dividend Date Scheduled for November 03, 2016” on November 02, 2016. More interesting news about Lakeland Bancorp, Inc. (NASDAQ:LBAI) was released by: Globenewswire.com and their article: “Lakeland Bancorp Announces Closing of Acquisition of Pascack Bancorp” with publication date: January 07, 2016.

LBAI Company Profile

Lakeland Bancorp, Inc., incorporated on June 11, 1905, is the bank holding firm 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 clients located in Northern and Central New Jersey. Lakeland also provides non-deposit products, such as securities brokerage services, including mutual funds and variable annuities. Through Lakeland, the Company offers a range of lending, depository and related financial services to individuals and small to medium sized businesses located in northern and central New Jersey. Lakeland’s equipment financing division provides a solution to small and medium sized companies, who prefer to lease equipment over other financial alternatives. Lakeland’s asset based loan department provides commercial borrowers with another lending alternative.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Leave a Comment