Lakeland Bancorp, Inc. (NASDAQ:LBAI) posted its earnings results on Thursday. The financial services provider reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02, Market Beat.com reports.

Shares of Lakeland Bancorp (NASDAQ:LBAI) opened at 10.81 on Friday. The firm has a market capitalization of $409.76 million and a PE ratio of 12.90. Lakeland Bancorp has a 52 week low of $10.29 and a 52 week high of $12.50. The stock has a 50 day moving average price of $11.38 and a 200-day moving average price of $11.46.

A hedge fund recently raised its stake in Lakeland Bancorp stock. Russell Frank Co boosted its position in Lakeland Bancorp, Inc. (NASDAQ:LBAI) by 196.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80,330 shares of the financial services provider’s stock after buying an additional 53,260 shares during the period. Russell Frank Co owned approximately 0.21% of Lakeland Bancorp worth $956,000 as of its most recent filing with the SEC.

A number of brokerages have recently weighed in on LBAI. Zacks Investment Research raised Lakeland Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, January 23rd. Raymond James cut Lakeland Bancorp to a “hold” rating in a research note on Thursday, December 17th.

Lakeland Bancorp, Inc. is a bank holding company, whose principal activity is the ownership and management of its wholly owned subsidiary, Lakeland Bank (NASDAQ:LBAI). Lakeland operates under a state bank charter and provides full banking services and, as a state bank, is subject to regulation by the New Jersey Department of Banking and Insurance. Lakeland generates commercial, mortgage and consumer loans and receives deposits from customers located primarily in Northern and Central New Jersey. Lakeland also provides non-deposit products, such as securities brokerage services, including mutual funds and variable annuities. Through Lakeland, the Company offers a range of lending, depository, and related financial services to individuals and small to medium sized businesses located primarily in northern and central New Jersey.

12 Month Chart for NASDAQ:LBAI

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