Last $10.42 USD
Change Today +0.16 / 1.56%
Volume 68.4K
LBAI On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 4:30 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

lakeland bancorp inc (LBAI) Snapshot

Open
$10.28
Previous Close
$10.26
Day High
$10.53
Day Low
$10.17
52 Week High
12/23/13 - $12.10
52 Week Low
05/7/14 - $9.52
Market Cap
395.0M
Average Volume 10 Days
54.9K
EPS TTM
$0.78
Shares Outstanding
37.9M
EX-Date
07/31/14
P/E TM
13.4x
Dividend
$0.30
Dividend Yield
2.70%
Current Stock Chart for LAKELAND BANCORP INC (LBAI)

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lakeland bancorp inc (LBAI) Details

Lakeland Bancorp, Inc. operates as the bank holding company for Lakeland Bank that provides banking services for individuals, small to medium sized businesses, and municipalities in northern and central New Jersey. The company accepts various deposit products, including offers checking accounts, savings accounts, demand deposits, time accounts, NOW accounts, money market accounts, and certificates of deposits. It also offers loans comprising short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, mortgage loans, merchant credit card services, commercial and industrial loans, secured and unsecured loans, consumer installment loans, and home equity loans. In addition, the company provides wire transfer, Internet banking, mobile banking, night depository, cash management, wealth management, safe deposit boxes, investment and advisory services, and equipment lease financing. Further, it offers securities brokerage services, including mutual funds and variable annuities. As of May 21, 2014, the company operated a network of 52 banking offices located in Bergen, Essex, Morris, Passaic, Somerset, Sussex, Union, and Warren counties. Lakeland Bancorp, Inc. was founded in 1969 and is headquartered in Oak Ridge, New Jersey.

550 Employees
Last Reported Date: 04/28/14
Founded in 1969

lakeland bancorp inc (LBAI) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $600.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $285.0K
Chief Operating Officer, Senior Executive Vic...
Total Annual Compensation: $340.0K
Chief Retail Officer, Executive Vice Presiden...
Total Annual Compensation: $250.3K
Compensation as of Fiscal Year 2013.

lakeland bancorp inc (LBAI) Key Developments

Lakeland Bancorp Announces Retirement If Louis E. Luddecke as Executive Vice President and Chief Operations Officer, Effective July 11, 2014

Effective July 11, 2014, Louis E. Luddecke retired as Executive Vice President and Chief Operations Officer of Lakeland Bancorp Inc.

Lakeland Bancorp Inc., Annual General Meeting, Jun 18, 2014

Lakeland Bancorp Inc., Annual General Meeting, Jun 18, 2014., at 17:00 US Eastern Standard Time. Location: The Knoll Country Club West. Agenda: To elect six directors; to ratify the appointment of KPMG LLP as the company's independent registered public accounting firm for 2014; to approve the material terms of the Section 162(M) performance goals for awards under the amended and restated 2009 equity compensation program; to approve, the executive compensation of Lakeland's named executive officers; and to transact such other business as may properly come before the meeting and/or any adjournment or adjournments thereof.

Lakeland Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on May 15, 2014; Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Reports Net Charge-Offs for the First Quarter Ended March 31, 2014

Lakeland Bancorp Inc. declared a quarterly cash dividend of $0.075 per common share. The cash dividend will be paid on May 15, 2014 to holders of record as of the close of business on May 8, 2014. The company announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company announced total interest income of $29,930,000 compared to $26,569,000 for the same period a year ago. Net interest income was $27,845,000 compared to $23,936,000 for the same period a year ago. Net interest income after provision for loan and lease losses was $26,356,000 compared to $20,753,000 for the same period a year ago. Income before provision for income taxes was $10,687,000 compared to $7,577,000 for the same period a year ago. Net income was $7,163,000 compared to $5,108,000 for the same period a year ago. Net income available to common stockholders was $7,163,000 compared to $5,108,000 for the same period a year ago. Earnings per common share, basic and diluted were $0.20 compared to $0.17 for the same period a year ago. Book value per share, GAAP was $9.96 compared to $9.51 for the same period a year ago. Tangible book value per share, Non-GAAP was $6.85 compared to $6.59 for the same period a year ago. Return on average common stockholders' equity, GAAP was 8.14% compared to 7.33% for the same period a year ago. Return on average tangible common stockholders' equity, non-GAAP was 11.88% compared to 10.59% for the same period a year ago. Total revenue, as adjusted was $32,171,000 compared to $28,714,000 for the same period a year ago. Annualized return on average assets was 0.88% compared to 0.72% for the same period a year ago. For the quarter, the company announced net charge-offs of $1,790,000 compared to $2,491,000 for the same period a year ago.

 

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Industry Analysis

LBAI

Industry Average

Valuation LBAI Industry Range
Price/Earnings 14.0x
Price/Sales 3.2x
Price/Book 1.1x
Price/Cash Flow 14.4x
TEV/Sales NM Not Meaningful
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