Last $10.30 USD
Change Today +0.22 / 2.18%
Volume 2.5K
LBAI On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 9:31 AM 09/23/14 All times are local (Market data is delayed by at least 15 minutes).

lakeland bancorp inc (LBAI) Snapshot

Open
$10.01
Previous Close
$10.08
Day High
$10.30
Day Low
$10.01
52 Week High
12/23/13 - $12.10
52 Week Low
05/7/14 - $9.52
Market Cap
390.5M
Average Volume 10 Days
55.2K
EPS TTM
$0.78
Shares Outstanding
37.9M
EX-Date
07/31/14
P/E TM
13.1x
Dividend
$0.30
Dividend Yield
2.87%
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 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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Industry Analysis

LBAI

Industry Average

Valuation LBAI Industry Range
Price/Earnings 13.3x
Price/Sales 3.1x
Price/Book 1.0x
Price/Cash Flow 13.2x
TEV/Sales NM Not Meaningful
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