Lakeland Bancorp CFO Joseph Hurley Unloads 4,500 Shares (LBAI)
Lakeland Bancorp (NASDAQ:LBAI) CFO Joseph Hurley sold 4,500 shares of Lakeland Bancorp stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $11.02, for a total value of $49,590.00. Following the completion of the transaction, the chief financial officer now directly owns 37,753 shares of the company’s stock, valued at approximately $416,038. The sale was disclosed in a legal filing with the SEC, which is available at this link.
LBAI has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods upgraded shares of Lakeland Bancorp from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 29th. They now have a $13.00 price target on the stock, up previously from $12.00. Analysts at Raymond James cut their price target on shares of Lakeland Bancorp from $13.50 to $12.50 in a research note on Monday, April 28th. They now have a “strong-buy” rating on the stock.
Shares of Lakeland Bancorp (NASDAQ:LBAI) traded down 2.06% on Tuesday, hitting $10.96. 10,883 shares of the company’s stock traded hands. Lakeland Bancorp has a 1-year low of $9.181 and a 1-year high of $12.0952. The stock has a 50-day moving average of $10.16 and a 200-day moving average of $10.8. The company has a market cap of $415.5 million and a price-to-earnings ratio of 15.18.
Lakeland Bancorp (NASDAQ:LBAI) last released its earnings data on Monday, April 28th. The company reported $0.20 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.20. Analysts expect that Lakeland Bancorp will post $0.82 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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