Lakeland Bancorp, Inc. (NASDAQ:LBAI) EVP Paul Ho-Sing-Loy Sells 8,000 Shares

Lakeland Bancorp, Inc. (NASDAQ:LBAI) EVP Paul Ho-Sing-Loy sold 8,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $12.54, for a total transaction of $100,320.00. Following the completion of the sale, the executive vice president now owns 40,763 shares of the company’s stock, valued at approximately $511,168.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Lakeland Bancorp Stock Down 0.1 %

Lakeland Bancorp stock opened at $12.93 on Tuesday. The company has a market capitalization of $842.39 million, a P/E ratio of 10.10 and a beta of 0.82. The firm’s fifty day simple moving average is $12.03 and its 200-day simple moving average is $12.76. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.44. Lakeland Bancorp, Inc. has a 1-year low of $10.65 and a 1-year high of $16.00.

Lakeland Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Monday, April 29th will be issued a $0.145 dividend. The ex-dividend date is Friday, April 26th. This represents a $0.58 annualized dividend and a yield of 4.49%. Lakeland Bancorp’s dividend payout ratio (DPR) is presently 45.31%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. StockNews.com upgraded shares of Lakeland Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. Keefe, Bruyette & Woods cut their target price on shares of Lakeland Bancorp from $16.65 to $14.15 and set a “market perform” rating for the company in a research report on Tuesday, April 23rd.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Rise Advisors LLC bought a new position in Lakeland Bancorp in the 1st quarter worth $29,000. Parallel Advisors LLC raised its holdings in Lakeland Bancorp by 4,563.6% in the 4th quarter. Parallel Advisors LLC now owns 2,052 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 2,008 shares during the period. Lindbrook Capital LLC raised its holdings in Lakeland Bancorp by 4,356.0% in the 4th quarter. Lindbrook Capital LLC now owns 2,228 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 2,178 shares during the period. Signaturefd LLC raised its holdings in Lakeland Bancorp by 212.5% in the 4th quarter. Signaturefd LLC now owns 2,597 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 1,766 shares during the period. Finally, Private Wealth Management Group LLC bought a new position in Lakeland Bancorp in the 4th quarter worth $47,000. Institutional investors own 59.62% of the company’s stock.

About Lakeland Bancorp

Lakeland Bancorp, Inc operates as the bank holding company for Lakeland Bank that provides financial products and services for businesses and consumers. It provides commercial banking services, including savings, money market, and time accounts, as well as demand deposits. The company also offers lending services, including commercial real estate loans, commercial and industrial loans, short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, residential mortgage loans, small business administration loans, and merchant credit card services; financing solutions to small and medium-sized companies; online banking, mobile banking, and wire transfer services to the business community and municipal relationships; and cash management services, such as remote capture of deposits and overnight sweep repurchase agreements.