Last $11.01 USD
Change Today +0.01 / 0.09%
Volume 59.7K
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As of 8:10 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

lakeland bancorp inc (LBAI) Key Developments

Lakeland Bancorp Inc. Declares Quarterly Cash Dividend, Payable on November 14, 2014

On October 15, 2014, Lakeland Bancorp Inc. declared quarterly cash dividend of $0.075 per common share, payable on November 14, 2014 to holders of record as of the close of business on November 3, 2014.

Lakeland Bancorp Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Lakeland Bancorp Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest income of $28,452,000 against $27,487,000 a year ago. Pretax income was $12,382,000 against $9,846,000 a year ago. Net income was $8,246,000 or $0.22 per diluted share against $6,617,000 or $0.18 per diluted share a year ago. Annualized return on average assets was 0.95% against 0.81% a year ago. Annualized return on average common equity was 8.83% against 7.64% a year ago. Annualized return on average tangible common equity was 12.66% against 11.39% a year ago. For the nine months, the company reported net interest income of $84,716,000 against $76,569,000 a year ago. Pretax income was $34,736,000 against $26,375,000 a year ago. Net income was $23,190,000 or $0.61 per diluted share against $17,628,000 or $0.52 per diluted share a year ago. Annualized return on average assets was 0.92% against 0.78% a year ago. Annualized return on average common equity was 8.52% against 7.59% a year ago. Annualized return on average tangible common equity was 11.39% against 12.33% a year ago. Book value per common share was $9.83 against $9.24 a year ago. Tangible book value per common share was $6.87 $6.24 a year ago.

Lakeland Bancorp Inc. Declares Quarterly Cash Dividend, Payable on August 15, 2014

On July 16, 2014, Lakeland Bancorp Inc. declared a quarterly cash dividend of $0.075 per common share, payable on August 15, 2014 to holders of record as of the close of business on August 4, 2014.

Lakeland Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Net Charge Offs for the Second Quarter Ended June 30, 2014

Lakeland Bancorp Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net interest income was $28,419,000 compared to $25,146,000 a year ago. Income before provision for income taxes was $11,667,000 against $8,952,000 a year ago. Net income available to common stockholders was $7,781,000 or $0.20 basic and diluted per share against $5,903,000 or $0.18 basic and diluted per share a year ago. Annualized return on average assets was 0.93% against 0.79% a year ago. Annualized return on average common equity was 8.58% against 7.76% a year ago. Annualized return on average tangible common equity was 12.41% against 11.31% a year ago. For the six months, the company reported net interest income was $56,264,000 compared to $49,082,000 a year ago. Income before provision for income taxes was $22,354,000 against $16,529,000 a year ago. Net income available to common stockholders was $14,944,000 or $0.39 basic and diluted per share against $11,011,000 or $0.34 basic and diluted per share a year ago. Annualized return on average assets was 0.90% against 0.76% a year ago. Annualized return on average common equity was 8.36% against 7.55% a year ago. Annualized return on average tangible common equity was 12.15% against 10.96% a year ago. Book value per common share as of June 30, 2014 was $9.70 against $9.10 at June 30, 2013. Tangible book value per common share as of June 30, 2014 was $6.74 against $6.08 at June 30, 2013. In the second quarter of 2014, the company had net charge offs totaling $1.2 million compared to $2.6 million in the second quarter of 2013.

Lakeland Bancorp Inc. Presents at KBW's 15th Annual Community Bank Investor Conference, Jul-29-2014

Lakeland Bancorp Inc. Presents at KBW's 15th Annual Community Bank Investor Conference, Jul-29-2014 . Venue: The Grand Hyatt Grand Central, New York, New York, United States. Speakers: Joseph F. Hurley, Chief Financial Officer, Chief Accounting Officer, Executive Vice President, Chief Financial Officer of Lakeland Bank and Executive Vice President of Lakeland Bank, Stewart E. McClure, Senior Executive Vice President and Co-Regional President of Lakeland Bank, Thomas J. Shara, Chief Executive Officer, President, Director, Chief Executive Officer of Lakeland Bank, President of Lakeland Bank and Director of Lakeland Bank.

 

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Valuation LBAI Industry Range
Price/Earnings 13.7x
Price/Sales 3.3x
Price/Book 1.1x
Price/Cash Flow 13.7x
TEV/Sales NM Not Meaningful
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