Lakeland Bancorp Price Target Cut to $12.50 by Analysts at Raymond James (LBAI)
Raymond James lowered their target price on shares of Lakeland Bancorp (NASDAQ:LBAI) from $13.50 to $12.50 in a research note issued on Monday, StockRatingsNetwork.com reports. Raymond James’ price objective suggests a potential upside of 20.77% from the company’s current price.
Lakeland Bancorp (NASDAQ:LBAI) traded down 1.15% on Monday, hitting $10.35. The stock had a trading volume of 35,991 shares. Lakeland Bancorp has a 52-week low of $9.21 and a 52-week high of $12.70. The stock’s 50-day moving average is $11.32 and its 200-day moving average is $11.62. The company has a market cap of $373.3 million and a price-to-earnings ratio of 13.96.
Lakeland Bancorp (NASDAQ:LBAI) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Analysts expect that Lakeland Bancorp will post $0.86 EPS for the current fiscal year.
Lakeland Bancorp, Inc (NASDAQ:LBAI) is a bank holding company of Lakeland Bank (the Bank or Lakeland).
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