Lakeland Bancorp, Inc. (NASDAQ:LBAI) is expected to report earnings of $0.33 per share

Wall Street brokers expect Lakeland Bancorp, Inc. (NASDAQ:LBAI) to report earnings per share (EPS) of $0.33 for the current quarter, Zacks reports. Four analysts provided earnings estimates for Lakeland Bancorp, with estimates ranging from $0.21 to $0.48. Lakeland Bancorp posted earnings per share of $0.45 in the same quarter last year, indicating a negative 26.7% year-over-year growth rate. The company is due to announce its next results on Tuesday, April 26.

According to Zacks, analysts expect Lakeland Bancorp to report annual earnings of $1.70 per share for the current fiscal year, with EPS estimates ranging from $1.60 to $1.80. For the next fiscal year, analysts expect the company to post earnings of $1.90 per share, with EPS estimates ranging from $1.75 to $2.00. Zacks earnings per share averages are an average based on a survey of sell-side analysts who cover Lakeland Bancorp.

Lakeland Bancorp Inc (NASDAQ:LBAI) last released its quarterly results on Wednesday, January 26. The financial services provider reported earnings per share (EPS) of $0.45 for the quarter, beating analyst consensus estimates of $0.42 by $0.03. Lakeland Bancorp had a return on equity of 11.99% and a net margin of 33.98%. In the same period a year earlier, the company earned earnings per share of $0.37.

Separately, Zacks Investment Research downgraded Lakeland Bancorp from a “hold” to a “sell” rating in a Wednesday, October 27 research report.

Shares of LBAI opened at $18.71 on Friday. Lakeland Bancorp has a 52-week low of $14.17 and a 52-week high of $20.69. The company has a market capitalization of $946.84 million, a PE ratio of 10.17 and a beta of 0.89. The company has a fifty-day moving average of $18.97 and a 200-day moving average of $17.91. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt ratio of 0.26.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 17. Shareholders of record on Monday, February 7 will receive a dividend of $0.135 per share. The ex-dividend date is Friday, February 4. This represents an annualized dividend of $0.54 and a dividend yield of 2.89%. Lakeland Bancorp’s dividend payout ratio is currently 29.35%.

Several institutional investors have recently changed their positions in LBAI. River Oaks Capital LLC purchased a new position in shares of Lakeland Bancorp during the fourth quarter at a value of $1,424,000. FJ Capital Management LLC increased its stake in shares of Lakeland Bancorp by 40.3% during the third quarter. FJ Capital Management LLC now owns 3,099,000 shares of the financial services provider valued at $54,638,000 after purchasing an additional 890,000 shares during the period. State Street Corp increased its stake in shares of Lakeland Bancorp by 14.2% during the second quarter. State Street Corp now owns 1,402,447 shares of the financial services provider valued at $24,515,000 after purchasing an additional 174,669 shares during the period. Two Sigma Advisers LP increased its stake in Lakeland Bancorp shares by 231.1% during the third quarter. Two Sigma Advisers LP now owns 202,726 shares of the financial services provider valued at $3,574,000 after purchasing an additional 141,500 shares during the period. Finally, John W. Rosenthal Capital Management Inc. bought a new position in shares of Lakeland Bancorp during the third quarter at a value of $1,854,000. Hedge funds and other institutional investors own 62.07% of the company’s shares.

About Lakeland Bancorp

Lakeland Bancorp, Inc is a bank holding company that provides lending, depository and related financial services. Its consumer banking services include checking accounts, savings accounts, interest-bearing checking accounts, money market accounts, certificates of deposit, internet banking, secured and unsecured loans, installment loans consumer products, mortgages and safe deposit services.

Feature article: What is a buyback?

Get a free copy of Zacks’ research report on Lakeland Bancorp (LBAI)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Lakeland Bancorp right now?

Before you consider Lakeland Bancorp, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Lakeland Bancorp was not on the list.

While Lakeland Bancorp currently has a “Strong Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here