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Last $11.26 USD
Change Today -0.33 / -2.85%
Volume 45.6K
LBAI On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

lakeland bancorp inc (LBAI) Snapshot

Open
$11.50
Previous Close
$11.59
Day High
$11.50
Day Low
$11.21
52 Week High
12/29/14 - $12.27
52 Week Low
05/7/14 - $9.52
Market Cap
426.8M
Average Volume 10 Days
28.1K
EPS TTM
$0.83
Shares Outstanding
37.9M
EX-Date
02/6/15
P/E TM
13.6x
Dividend
$0.30
Dividend Yield
2.63%
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.

566 Employees
Last Reported Date: 03/16/15
Founded in 1969

lakeland bancorp inc (LBAI) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $630.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $293.5K
Chief Operating Officer, Senior Executive Vic...
Total Annual Compensation: $350.2K
Regional President of Lakeland Bank
Total Annual Compensation: $328.1K
Chief Retail Officer, Executive Vice Presiden...
Total Annual Compensation: $258.7K
Compensation as of Fiscal Year 2014.

lakeland bancorp inc (LBAI) Key Developments

Lakeland Bancorp Seeks Acquisitions

Lakeland Bancorp Inc. (NasdaqGS:LBAI) has filed a shelf registration in the amount of $150 million. Lakeland Bancorp said, "We expect to use the net proceeds from any offering of securities by us for general corporate purposes, which may include acquisitions, capital expenditures, investments, and the repayment, redemption or refinancing of all or a portion of any indebtedness or other securities outstanding at a particular time. Pending the application of the net proceeds, we expect to invest the proceeds in short-term, interest-bearing instruments or other investment-grade securities."

Lakeland Bancorp Inc. Declares Cash Dividend, Payable on February 17, 2015

On January 27, 2015, Lakeland Bancorp Inc. declared a $0.075 cash dividend per common share payable on February 17, 2015 to shareholders of record at the close of business February 10, 2015.

Lakeland Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Lakeland Bancorp Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported pretax income of $11,552,000, net income of $7,939,000 or $0.21 diluted per share on net interest income of $28,850,000 against pretax income of $11,044,000, net income of $7,341,000 or $0.19 diluted per share on net interest income of $27,973,000 for the same period a year ago. Annualized return on average assets was 0.90% against 0.88% for the same period a year ago. Annualized return on average common equity was 8.35% against 8.30% for the same period a year ago. For the year, the company reported pretax income of $46,288,000, net income of $31,129,000 or $0.82 diluted per share on net interest income of $113,566,000 against pretax income of $37,419,000, net income of $24,969,000 or $0.71 diluted per share on net interest income of $104,542,000 for the same period a year ago. Annualized return on average assets was 0.92% against 0.80% for the same period a year ago. Annualized return on average common equity was 8.48% against 7.78% for the same period a year ago. Book value per common share was $10.01 against $9.28 for the same period a year ago.

 

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LBAI Competitors

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Company Last Change
Clifton Bancorp Inc $13.85 USD -0.16
Metro Bancorp Inc $25.82 USD -0.68
TowneBank/Portsmouth VA $16.12 USD -0.36
Univest Corp of Pennsylvania $19.59 USD -0.21
Waterstone Financial Inc $12.75 USD -0.14
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Industry Analysis

LBAI

Industry Average

Valuation LBAI Industry Range
Price/Earnings 13.8x
Price/Sales 3.4x
Price/Book 1.1x
Price/Cash Flow 13.7x
TEV/Sales NM Not Meaningful
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