Lakeland Bancorp, Inc. (NASDAQ:LBAI) declared a quarterly dividend on Wednesday, July 19th, Fidelity reports. Shareholders of record on Monday, July 31st will be paid a dividend of 0.10 per share by the financial services provider on Tuesday, August 15th. This represents a $0.40 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, July 27th.

Shares of Lakeland Bancorp (NASDAQ:LBAI) traded up 0.78% during trading on Friday, reaching $19.40. 168,102 shares of the company’s stock traded hands. The company has a 50 day moving average price of $19.16 and a 200-day moving average price of $19.27. The stock has a market cap of $918.59 million, a P/E ratio of 19.25 and a beta of 0.79. Lakeland Bancorp has a one year low of $11.66 and a one year high of $20.88.

Lakeland Bancorp (NASDAQ:LBAI) last issued its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $47.53 million for the quarter, compared to analysts’ expectations of $46.39 million. Lakeland Bancorp had a net margin of 23.94% and a return on equity of 9.35%. On average, equities research analysts expect that Lakeland Bancorp will post $1.08 EPS for the current fiscal year.

In related news, CAO Timothy J. Matteson sold 2,650 shares of Lakeland Bancorp stock in a transaction on Monday, May 15th. The shares were sold at an average price of $19.58, for a total value of $51,887.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephen R. Sr Tilton, Sr. sold 1,808 shares of Lakeland Bancorp stock in a transaction on Friday, June 16th. The shares were sold at an average price of $20.18, for a total transaction of $36,485.44. Following the completion of the sale, the director now directly owns 693,805 shares in the company, valued at approximately $14,000,984.90. The disclosure for this sale can be found here. Insiders sold a total of 30,029 shares of company stock worth $603,568 in the last three months. 6.20% of the stock is owned by corporate insiders.

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A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Lakeland Bancorp from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Thursday, June 1st. BidaskClub cut shares of Lakeland Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. ValuEngine raised shares of Lakeland Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Sandler O’Neill cut shares of Lakeland Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Lakeland Bancorp has an average rating of “Hold” and a consensus target price of $21.00.

About Lakeland Bancorp

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.

Dividend History for Lakeland Bancorp (NASDAQ:LBAI)

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