Insider Selling: Lakeland Bancorp EVP Timothy J. Matteson Unloads 2,000 Shares of Stock (LBAI)
Lakeland Bancorp (NASDAQ:LBAI) EVP Timothy J. Matteson sold 2,000 shares of Lakeland Bancorp stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $10.11, for a total value of $20,220.00. Following the sale, the executive vice president now directly owns 25,238 shares in the company, valued at approximately $255,156. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Raymond James reiterated a “strong-buy” rating on shares of Lakeland Bancorp in a research note on Wednesday, July 23rd. They now have a $12.50 price target on the stock, up previously from $12.00. Analysts at Macquarie reiterated a “neutral” rating on shares of Lakeland Bancorp in a research note on Wednesday, July 23rd. They now have a $12.00 price target on the stock, down previously from $12.50.
Shares of Lakeland Bancorp (NASDAQ:LBAI) opened at 10.21 on Friday. Lakeland Bancorp has a 1-year low of $9.5238 and a 1-year high of $12.0952. The stock’s 50-day moving average is $10.35 and its 200-day moving average is $10.48. The company has a market cap of $387.1 million and a P/E ratio of 13.28.
Lakeland Bancorp (NASDAQ:LBAI) last announced its earnings results on Tuesday, July 22nd. 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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