Lakeland Bancorp Inc. (NASDAQ:LBAI) shares traded down 0.9% during mid-day trading on Wednesday . The stock traded as low as $13.69 and last traded at $13.76, with a volume of 101,972 shares. The stock had previously closed at $13.89.

The stock has a market cap of $611.51 million, a PE ratio of 15.87 and a beta of 0.98. The stock has a 50-day moving average of $13.24 and a 200 day moving average of $11.64.

Lakeland Bancorp (NASDAQ:LBAI) last announced its quarterly earnings data on Friday, July 22nd. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.02. Lakeland Bancorp had a return on equity of 9.06% and a net margin of 21.18%. On average, equities analysts forecast that Lakeland Bancorp Inc. will post $0.99 EPS for the current fiscal year.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/lakeland-bancorp-inc-lbai-shares-down-0-9.html

In related news, Director Edward B. Deutsch sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $13.00, for a total transaction of $65,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.30% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Basswood Capital Management L.L.C. increased its position in shares of Lakeland Bancorp by 100.5% in the second quarter. Basswood Capital Management L.L.C. now owns 397,571 shares of the financial services provider’s stock worth $4,524,000 after buying an additional 199,276 shares during the period. Parametric Portfolio Associates LLC increased its position in Lakeland Bancorp by 1.7% in the second quarter. Parametric Portfolio Associates LLC now owns 72,420 shares of the financial services provider’s stock valued at $824,000 after buying an additional 1,208 shares during the last quarter. Menta Capital LLC increased its position in Lakeland Bancorp by 1.6% in the second quarter. Menta Capital LLC now owns 37,934 shares of the financial services provider’s stock valued at $432,000 after buying an additional 600 shares during the last quarter. FJ Capital Management LLC increased its position in Lakeland Bancorp by 1.1% in the second quarter. FJ Capital Management LLC now owns 96,000 shares of the financial services provider’s stock valued at $1,097,000 after buying an additional 1,000 shares during the last quarter. Finally, Banc Funds Co. LLC increased its position in Lakeland Bancorp by 0.3% in the second quarter. Banc Funds Co. LLC now owns 1,609,554 shares of the financial services provider’s stock valued at $18,317,000 after buying an additional 4,492 shares during the last quarter. Institutional investors own 41.10% of the company’s stock.

Lakeland Bancorp Company Profile

Lakeland Bancorp, Inc is the bank holding company for Lakeland Bank (Lakeland). Lakeland operates under a state bank charter and provides full banking services. Lakeland generates commercial, mortgage and consumer loans and receives deposits from customers located in Northern and Central New Jersey. Lakeland also provides non-deposit products, such as securities brokerage services, including mutual funds and variable annuities.

5 Day Chart for NASDAQ:LBAI

Receive News & Ratings for Lakeland Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lakeland Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.