Lakeland Bancorp Inc (NASDAQ: LBAI) has reported E.P.S. of $0.30 for its first fiscal quarter (ending March 31) versus $0.30 for the same period a year ago. E.P.S. were $1.29 for the latest four quarters through March 31 versus $1.69 for the same period a year ago.
Recent Price Action
On 4/19/24, Lakeland Bancorp Inc (NASDAQ: LBAI) stock enjoyed a very large increase of 5.2%, closing at $11.95. Moreover, this advance was accompanied by above average trading volume at 127% of normal. Relative to the market the stock has been weak over the last nine months but has risen 7.0% during the last week.
Current PriceTarget Research Rating
LBAI’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Lakeland Bancorp has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Lakeland Bancorp has a good Appreciation Score of 78 but a neutral Power Rating of 43, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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