Lakeland Bancorp Inc. (NASDAQ:LBAI) Director Edward B. Deutsch sold 18,746 shares of the stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $17.33, for a total value of $324,868.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Tuesday, November 22nd, Edward B. Deutsch sold 20,000 shares of Lakeland Bancorp stock. The shares were sold at an average price of $16.65, for a total value of $333,000.00.
  • 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.

Lakeland Bancorp Inc. (NASDAQ:LBAI) opened at 17.45 on Wednesday. The company has a market cap of $775.51 million, a P/E ratio of 19.15 and a beta of 0.79. The firm’s 50-day moving average price is $14.84 and its 200-day moving average price is $13.00. Lakeland Bancorp Inc. has a 12-month low of $9.72 and a 12-month high of $17.90.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, November 7th were issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Thursday, November 3rd. Lakeland Bancorp’s payout ratio is 41.76%.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another domain, it was stolen and reposted in violation of US & international trademark and copyright legislation. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2016/11/30/edward-b-deutsch-sells-18746-shares-of-lakeland-bancorp-inc-lbai-stock.html.

Separately, Raymond James Financial Inc. downgraded 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.

A number of large investors have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can bought a new stake in Lakeland Bancorp during the third quarter worth $104,000. BlackRock Inc. increased its stake in Lakeland Bancorp by 172.7% in the second quarter. BlackRock Inc. now owns 9,444 shares of the financial services provider’s stock worth $108,000 after buying an additional 5,981 shares during the last quarter. Genesee Valley Trust Co. increased its stake in 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 worth $130,000 after buying an additional 805 shares during the last quarter. Bank of Montreal Can bought a new stake in Lakeland Bancorp during the second quarter worth $151,000. Finally, Verus Financial Partners Inc. increased its stake in 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 worth $159,000 after buying an additional 116 shares during the last quarter. 43.11% of the stock is currently owned by institutional investors.

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

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.