Ajo LP raised its stake in Lakeland Bancorp, Inc. (NASDAQ:LBAI) by 189.6% through the fourth quarter, Holdings Channel.com stories. The agency owned 14,543 shares of the monetary companies supplier’s inventory after buying a further 9,521 shares through the quarter. Ajo LP’s holdings in Lakeland Bancorp had been price $252,000 as of its most up-to-date SEC submitting.
Numerous different hedge funds additionally not too long ago purchased and offered shares of the enterprise. State Road Corp raised its place in Lakeland Bancorp by 3.5% within the 4th quarter. State Road Corp now owns 1,096,969 shares of the monetary companies supplier’s inventory valued at $19,065,000 after buying a further 37,472 shares within the final quarter. Millennium Administration LLC raised its place in shares of Lakeland Bancorp by 1,922.1% through the third quarter. Millennium Administration LLC now owns 317,575 shares of the monetary companies supplier’s inventory price $4,900,000 after buying a further 301,870 shares within the final quarter. Charles Schwab Funding Administration Inc. raised its place in shares of Lakeland Bancorp by 1.8% through the 4th quarter. Charles Schwab Funding Administration Inc. now owns 292,789 shares of the monetary companies supplier’s inventory price $5,089,000 after buying a further 5,245 shares within the final quarter. Hennessy Advisors Inc. raised its place in shares of Lakeland Bancorp by 3.6% through the 4th quarter. Hennessy Advisors Inc. now owns 290,000 shares of the monetary companies supplier’s inventory price $5,040,000 after buying a further 10,000 shares within the final quarter. Lastly, Principal Monetary Group Inc. raised its place in shares of Lakeland Bancorp by 1.2% through the 4th quarter. Principal Monetary Group Inc. now owns 226,767 shares of the monetary companies supplier’s inventory price $3,941,000 after buying a further 2,599 shares within the final quarter. 56.57% of the inventory is at the moment owned by institutional buyers.
Shares of NASDAQ LBAI opened at $12.03 on Friday. The corporate has a debt-to-equity ratio of 0.42, a fast ratio of 0.96 and a present ratio of 0.96. Lakeland Bancorp, Inc. has a fifty-two week low of $10.75 and a fifty-two week excessive of $17.63. The agency has a market capitalization of $607.68 million, a PE ratio of 8.65 and a beta of 0.93. The inventory’s 50-day easy transferring common is $15.56 and its 200-day easy transferring common is $16.11.
The agency additionally not too long ago introduced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of report on Tuesday, February 4th got a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend was Monday, February third. Lakeland Bancorp’s dividend payout ratio (DPR) is presently 34.97%.
A number of equities analysis analysts have not too long ago weighed in on the corporate. ValuEngine lowered Lakeland Bancorp from a “maintain” ranking to a “promote” ranking in a analysis report on Tuesday, March third. Zacks Funding Analysis lowered Lakeland Bancorp from a “purchase” ranking to a “maintain” ranking in a analysis report on Wednesday. Lastly, BidaskClub lowered Lakeland Bancorp from a “promote” ranking to a “robust promote” ranking in a analysis report on Wednesday. Two equities analysis analysts have rated the inventory with a promote ranking, one has issued a maintain ranking and three have given a purchase ranking to the corporate’s inventory. Lakeland Bancorp presently has a median ranking of “Maintain” and a consensus worth goal of $18.33.
Lakeland Bancorp Firm Profile
Lakeland Bancorp, Inc operates because the financial institution holding firm for Lakeland Financial institution that gives varied banking services and products for people and small to medium sized companies. It provides industrial banking companies, together with financial savings, cash market, and time accounts, in addition to demand deposits; lending options, equivalent to brief and medium time period loans, traces of credit score, letters of credit score, stock and accounts receivable financing, actual property development loans, mortgage loans, small enterprise administration loans, industrial actual property loans, industrial and industrial loans, and tools financing, in addition to service provider bank card companies; and Web banking, cell banking, wire switch, evening depository, and money administration companies.
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