Insider Selling: Lakeland Bancorp CFO Sells 2,000 Shares of Stock (LBAI)
Lakeland Bancorp (NASDAQ:LBAI) CFO Joseph Hurley unloaded 2,000 shares of the stock on the open market in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $11.05, for a total transaction of $22,100.00. Following the completion of the transaction, the chief financial officer now directly owns 33,154 shares in the company. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
LBAI has been the subject of a number of recent research reports. Analysts at Guggenheim raised their price target on shares of Lakeland Bancorp (NASDAQ:LBAI) from $11.50 to $13.50 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. Analysts at Keefe, Bruyette & Woods downgraded shares of Lakeland Bancorp (NASDAQ:LBAI) from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, July 26th.
Lakeland Bancorp (NASDAQ:LBAI) traded up 0.09% on Thursday, hitting $11.04. The stock had a trading volume of 18,082 shares. Lakeland Bancorp has a 52 week low of $8.31 and a 52 week high of $11.83. The stock has a 50-day moving average of $11.3 and a 200-day moving average of $10.31. The company has a market cap of $394.6 million and a price-to-earnings ratio of 14.71.
Lakeland Bancorp, Inc (NASDAQ:LBAI) is a bank holding company of Lakeland Bank (the Bank or Lakeland).
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