Lakeland Bancorp Inc. (NASDAQ:LBAI) Director Edward B. Deutsch sold 20,000 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $16.65, for a total value of $333,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Friday, November 18th, Edward B. Deutsch sold 19,010 shares of Lakeland Bancorp stock. The shares were sold at an average price of $16.42, for a total value of $312,144.20.
  • 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 17.65 on Thursday. Lakeland Bancorp Inc. has a 1-year low of $9.72 and a 1-year high of $17.65. The stock has a 50 day moving average price of $14.60 and a 200 day moving average price of $12.88. The firm has a market capitalization of $784.40 million, a PE ratio of 19.37 and a beta of 0.79.

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 given a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Thursday, November 3rd. Lakeland Bancorp’s payout ratio is 41.76%.

Separately, Raymond James Financial Inc. cut 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.

Institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. increased its position in Lakeland Bancorp by 6.3% in the first quarter. Prudential Financial Inc. now owns 110,806 shares of the financial services provider’s stock valued at $1,125,000 after buying an additional 6,600 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Lakeland Bancorp by 0.9% in the first quarter. JPMorgan Chase & Co. now owns 111,349 shares of the financial services provider’s stock valued at $1,130,000 after buying an additional 953 shares during the period. Barclays PLC boosted its stake in shares of Lakeland Bancorp by 3.2% in the first quarter. Barclays PLC now owns 36,584 shares of the financial services provider’s stock valued at $365,000 after buying an additional 1,149 shares during the period. Endeavour Capital Advisors Inc. bought a new stake in shares of Lakeland Bancorp during the first quarter valued at about $395,000. Finally, Foundry Partners LLC boosted its stake in shares of Lakeland Bancorp by 39.6% in the second quarter. Foundry Partners LLC now owns 228,515 shares of the financial services provider’s stock valued at $2,601,000 after buying an additional 64,810 shares during the period. 41.90% of the stock is currently owned by institutional investors.

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Lakeland Bancorp Company Profile

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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