Edward B. Deutsch Sells 19,010 Shares of Lakeland Bancorp Inc. (LBAI) Stock
Lakeland Bancorp Inc. (NASDAQ:LBAI) Director Edward B. Deutsch sold 19,010 shares of the business’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $16.42, for a total value of $312,144.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 value of $16,483.50.
- On Tuesday, November 15th, Edward B. Deutsch sold 10,000 shares of Lakeland Bancorp stock. The shares were sold at an average price of $16.50, for a total value of $165,000.00.
Shares of Lakeland Bancorp Inc. (NASDAQ:LBAI) opened at 16.70 on Tuesday. Lakeland Bancorp Inc. has a one year low of $9.72 and a one year high of $16.70. The company has a market capitalization of $742.18 million, a price-to-earnings ratio of 18.33 and a beta of 0.79. The stock has a 50 day moving average price of $14.40 and a 200-day moving average price of $12.80.
The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Thursday, November 3rd. Lakeland Bancorp’s payout ratio is 41.76%.
Separately, Raymond James Financial Inc. lowered Lakeland Bancorp from an “outperform” rating to a “market perform” rating in a report on Thursday, October 27th. They noted that the move was a valuation call.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Great West Life Assurance Co. Can bought a new position in shares of Lakeland Bancorp during the third quarter valued at about $104,000. BlackRock Inc. raised its position in shares of Lakeland Bancorp by 172.7% in the second quarter. BlackRock Inc. now owns 9,444 shares of the financial services provider’s stock valued at $108,000 after buying an additional 5,981 shares in the last quarter. Genesee Valley Trust Co. raised its position in shares of Lakeland Bancorp by 7.6% in the second quarter. Genesee Valley Trust Co. now owns 11,412 shares of the financial services provider’s stock valued at $130,000 after buying an additional 805 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Lakeland Bancorp during the second quarter valued at about $151,000. Finally, Verus Financial Partners Inc. raised its position in shares of Lakeland Bancorp by 0.8% in the second quarter. Verus Financial Partners Inc. now owns 13,963 shares of the financial services provider’s stock valued at $159,000 after buying an additional 116 shares in the last quarter. 41.90% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Stock Ratings for Lakeland Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lakeland Bancorp Inc. and related stocks with our FREE daily email newsletter.