Lakeland Bancorp Inc (NASDAQ: LBAI) stock enjoyed a major increase of 10.4% on 11/14/23. The shares closed at $12.90. The stock has been weak relative to the market over the last nine months but has risen 1.9% 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 (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Lakeland Bancorp has a good Appreciation Score of 80 but a poor Power Rating of 18, with the Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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