Lakeland Bancorp Inc. (NASDAQ:LBAI) shares fell to a low of $18.86 before closing at $19.10. Intraday shares traded counted 0.43 million, which was -163.45% lower than its 30-day average trading volume of 162.79K. LBAI’s previous close was $18.65 while the outstanding shares total 50.58M. The firm has a beta of 1.00, a 12-month trailing P/E ratio of 14.31, and a growth ratio of 1.59. The stock’s Relative Strength Index (RSI) is 61.84, with weekly volatility at 2.12% and ATR at 0.49. The LBAI stock’s 52-week price range has touched low of $9.49 and a $19.05 high. The stock traded higher over the last trading session, gaining 2.41% on 05/27/21.
Investors have identified the Banks – Regional company Lakeland Bancorp Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $954.24 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Lakeland Bancorp Inc. (LBAI) Fundamentals that are to be considered.
LBAI were able to record 28.29 million as free cash flow during the 07/29/2021 quarter of the year, this saw their quarterly net cash flow reduce by -67.97 million. In cash movements, the company had a total of 30.0 million as operating cash flow.
Potential earnings growth for Lakeland Bancorp Inc. (LBAI)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/29/2021 quarter of the year, Lakeland Bancorp Inc. recorded a total of 63.41 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -0.27% coming in sequential stages and their sales for the 07/29/2021 quarter increasing by 0.87%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 6.68 million trying to sell their products during the last quarter, with the result yielding a gross income of 56.73 million. This allows shareholders to hold on to 50.58M with the recently reported earning now reading 0.45 cents per share. This is a figure that compared to analyst’s prediction for their 07/29/2021 (0.45 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.61 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on LBAI sounds very interesting.
Is the stock of LBAI attractive?
In related news, Director, Hanson James E. II bought 1,240 shares of the company’s stock in a transaction that recorded on May 19. The purchase was performed at an average price of 18.52, for a total value of 22,965. As the purchase deal closes, the Director, Gragnolati Brian now bought 1,000 shares of the company’s stock, valued at 13,574. Also, EVP Chief Information Officer, Ho-Sing-Loy Paul sold 2,403 shares of the company’s stock in a deal that was recorded on Nov 09. The shares were cost at an average price of 12.21 per share, with a total market value of 29,341. Following this completion of disposal, the Director, Hanson James E. II now holds 1,900 shares of the company’s stock, valued at 20,368. In the last 6 months, insiders have changed their ownership in shares of company stock by 3.50%.
7 out of 7 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Lakeland Bancorp Inc.. 0 analysts has assigned a Sell rating on the LBAI stock. The 12-month mean consensus price target for the company’s shares has been set at $21.21.