Lakeland Bancorp Inc. (NASDAQ:LBAI) Director Edward B. Deutsch sold 10,000 shares of Lakeland Bancorp stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $16.50, for a total transaction of $165,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Edward B. Deutsch also recently made the following trade(s):

  • On Wednesday, November 16th, Edward B. Deutsch sold 990 shares of Lakeland Bancorp stock. The shares were sold at an average price of $16.65, for a total transaction of $16,483.50.

Shares of Lakeland Bancorp Inc. (NASDAQ:LBAI) opened at 16.40 on Friday. The company has a market cap of $728.85 million, a price-to-earnings ratio of 18.00 and a beta of 0.79. Lakeland Bancorp Inc. has a 1-year low of $9.72 and a 1-year high of $16.65. The company’s 50-day moving average is $14.24 and its 200 day moving average is $12.69.

Insider Buying and Selling by Quarter for Lakeland Bancorp (NASDAQ:LBAI)

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Monday, November 7th were paid a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Thursday, November 3rd. Lakeland Bancorp’s dividend payout ratio is currently 41.76%.

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in Lakeland Bancorp by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,846,766 shares of the financial services provider’s stock valued at $21,016,000 after buying an additional 88,346 shares in the last quarter. Banc Funds Co. LLC increased its position in Lakeland Bancorp by 0.3% in the second quarter. Banc Funds Co. LLC now owns 1,609,554 shares of the financial services provider’s stock valued at $18,317,000 after buying an additional 4,492 shares in the last quarter. Vanguard Group Inc. increased its position in Lakeland Bancorp by 4.8% in the second quarter. Vanguard Group Inc. now owns 1,189,613 shares of the financial services provider’s stock valued at $13,539,000 after buying an additional 54,772 shares in the last quarter. Northern Trust Corp boosted its position in shares of Lakeland Bancorp by 1.8% in the third quarter. Northern Trust Corp now owns 1,130,021 shares of the financial services provider’s stock valued at $15,866,000 after buying an additional 20,009 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its position in shares of Lakeland Bancorp by 8.7% in the third quarter. BlackRock Fund Advisors now owns 1,086,822 shares of the financial services provider’s stock valued at $15,259,000 after buying an additional 87,086 shares during the last quarter. 41.62% of the stock is currently owned by institutional investors and hedge funds.

Separately, Raymond James Financial Inc. lowered shares of Lakeland Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 27th. They noted that the move was a valuation call.

About Lakeland Bancorp

Lakeland Bancorp, Inc is the bank holding company for Lakeland Bank (Lakeland). Lakeland operates under a state bank charter and provides full banking services. Lakeland generates commercial, mortgage and consumer loans and receives deposits from customers located in Northern and Central New Jersey. Lakeland also provides non-deposit products, such as securities brokerage services, including mutual funds and variable annuities.

5 Day Chart for NASDAQ:LBAI

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