While Lakeland Bancorp, Inc. has underperformed by -1.07%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LBAI fell by -23.47%, with highs and lows ranging from $16.00 to $10.65, whereas the simple moving average fell by -9.22% in the last 200 days.
On July 07, 2022, Raymond James Downgraded Lakeland Bancorp, Inc. (NASDAQ: LBAI) to Outperform. A report published by Raymond James on April 28, 2021, Upgraded its rating to ‘Strong Buy’ for LBAI. Raymond James also Upgraded LBAI shares as ‘Outperform’, setting a target price of $13 on the company’s shares in a report dated June 17, 2020. Piper Sandler May 01, 2020d the rating to Overweight on May 01, 2020, and set its price target from $11 to $13. DA Davidson initiated its ‘Buy’ rating for LBAI, as published in its report on August 27, 2019. Boenning & Scattergood’s report from April 30, 2019 suggests a price prediction of $19 for LBAI shares, giving the stock a ‘Outperform’ rating. FIG Partners also rated the stock as ‘Outperform’.
Analysis of Lakeland Bancorp, Inc. (LBAI)
It’s important to note that LBAI shareholders are currently getting $0.58 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter increase in sales is 18.21%, showing a positive trend in the upcoming months.
Lakeland Bancorp, Inc.’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 7.36% is sufficient for you to turn a profit off your investment.
For any stock, average volume can be an extremely valuable indicator of volatility, and LBAI is registering an average volume of 267.56K. On a monthly basis, the volatility of the stock is set at 3.43%, whereas on a weekly basis, it is put at 2.86%, with a gain of 4.45% over the past seven days. Furthermore, long-term investors anticipate a median target price of $15.32, showing growth from the present price of $11.97, which can serve as yet another indication of whether LBAI is worth investing in or should be passed over.
How Do You Analyze Lakeland Bancorp, Inc. Shares?
A giant in the Banks – Regional market, Lakeland Bancorp, Inc. (LBAI) is based in the USA. When comparing Lakeland Bancorp, Inc. shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 9.31, there is a growth in quarterly earnings of -40.11%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 5.98%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 60.29% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
LBAI shares are owned by institutional investors to the tune of 60.29% at present.
