Lakeland Bancorp (LBAI) Receiving Somewhat Positive Press Coverage, Analysis Shows
Headlines about Lakeland Bancorp (NASDAQ:LBAI) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lakeland Bancorp earned a news impact score of 0.20 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.9743481131986 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s rankings:
- Lakeland Bancorp, Inc. Expected to Post Q3 2018 Earnings of $0.35 Per Share (LBAI) (americanbankingnews.com)
- Zacks: Analysts Expect Lakeland Bancorp, Inc. (LBAI) Will Announce Quarterly Sales of $50.59 Million (americanbankingnews.com)
- Boenning Scattergood Begins Coverage on Lakeland Bancorp (LBAI) (americanbankingnews.com)
- Lakeland Bancorp, Inc. (LBAI) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
LBAI has been the topic of several recent research reports. BidaskClub downgraded Lakeland Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, August 29th. Zacks Investment Research downgraded Lakeland Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $23.50 price objective on shares of Lakeland Bancorp in a research report on Wednesday, August 1st. ValuEngine cut Lakeland Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Boenning Scattergood began coverage on Lakeland Bancorp in a research note on Monday, September 10th. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Lakeland Bancorp currently has an average rating of “Hold” and a consensus target price of $21.17.
Lakeland Bancorp (NASDAQ:LBAI) last announced its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.33 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. The company had revenue of $49.20 million during the quarter, compared to the consensus estimate of $49.07 million. Lakeland Bancorp had a net margin of 26.02% and a return on equity of 9.99%. analysts expect that Lakeland Bancorp will post 1.34 EPS for the current fiscal year.
About Lakeland Bancorp
Lakeland Bancorp, Inc operates as the bank holding company for Lakeland Bank that provides financial products and services for individuals and small to medium sized businesses. It offers commercial banking services, including savings, money market, and time accounts, as well as demand deposits; lending solutions, such as short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, mortgage loans, small business administration loans, commercial real estate loans, commercial and industrial loans, and equipment financing, as well as merchant credit card services; and Internet banking, mobile banking, wire transfer, night depository, and cash management services.
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