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LBAI

Lakeland BancorpNasdaqGS:LBAI Stock Report

Market Cap

US$905.3m

7D

-5.6%

1Y

42.5%

Updated

01 Dec, 2021

Data

Company Financials +
LBAI fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance5/6
Financial Health6/6
Dividends5/6

LBAI Stock Overview

Lakeland Bancorp, Inc. operates as the bank holding company for Lakeland Bank that provides various banking products and services for individuals and small to medium sized businesses.

Lakeland Bancorp Competitors

KeyCorp

NYSE:KEY

US$20.9b

Citizens Financial Group

NYSE:CFG

US$20.1b

M&T Bank

NYSE:MTB

US$18.9b

Signature Bank

NasdaqGS:SBNY

US$18.1b

Price History & Performance

Summary of all time highs, changes and price drops for Lakeland Bancorp
Historical stock prices
Current Share PriceUS$17.87
52 Week HighUS$19.43
52 Week LowUS$12.08
Beta0.95
1 Month Change-3.93%
3 Month Change5.93%
1 Year Change42.50%
3 Year Change16.57%
5 Year Change-5.20%
Change since IPO104.27%

Recent News & Updates

Sep 28
I Ran A Stock Scan For Earnings Growth And Lakeland Bancorp (NASDAQ:LBAI) Passed With Ease

I Ran A Stock Scan For Earnings Growth And Lakeland Bancorp (NASDAQ:LBAI) Passed With Ease

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

May 13
Shareholders Will Probably Hold Off On Increasing Lakeland Bancorp, Inc.'s (NASDAQ:LBAI) CEO Compensation For The Time Being

Shareholders Will Probably Hold Off On Increasing Lakeland Bancorp, Inc.'s (NASDAQ:LBAI) CEO Compensation For The Time Being

As many shareholders of Lakeland Bancorp, Inc. ( NASDAQ:LBAI ) will be aware, they have not made a gain on their...

Shareholder Returns

LBAIUS BanksUS Market
7D-5.6%-7.2%-4.9%
1Y42.5%36.7%17.8%

Return vs Industry: LBAI exceeded the US Banks industry which returned 36.7% over the past year.

Return vs Market: LBAI exceeded the US Market which returned 17.8% over the past year.

Price Volatility

Is LBAI's price volatile compared to industry and market?
LBAI volatility
LBAI Average Weekly Movement3.6%
Banks Industry Average Movement3.7%
Market Average Movement6.0%
10% most volatile stocks in US Market15.1%
10% least volatile stocks in US Market2.4%

Stable Share Price: LBAI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: LBAI's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1969689Tom Sharahttps://www.lakelandbank.com

Lakeland Bancorp, Inc. operates as the bank holding company for Lakeland Bank that provides various banking products and services for individuals and small to medium sized businesses. The company offers commercial banking services, including savings, money market, and time accounts, as well as demand deposits; lending solutions, such as short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, mortgage loans, small business administration loans, commercial real estate loans, commercial and industrial loans, and equipment financing, as well as merchant credit card services; and internet banking, mobile banking, wire transfer, night depository, and cash management services. It also provides consumer banking services comprising checking accounts, savings accounts, money market accounts, certificates of deposit, secured and unsecured loans, consumer installment loans, mortgage loans, and safe deposit services.

Lakeland Bancorp Fundamentals Summary

How do Lakeland Bancorp's earnings and revenue compare to its market cap?
LBAI fundamental statistics
Market CapUS$905.35m
Earnings (TTM)US$90.71m
Revenue (TTM)US$264.99m

10.0x

P/E Ratio

1.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LBAI income statement (TTM)
RevenueUS$264.99m
Cost of RevenueUS$0
Gross ProfitUS$264.99m
ExpensesUS$174.28m
EarningsUS$90.71m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.79
Gross Margin100.00%
Net Profit Margin34.23%
Debt/Equity Ratio45.9%

How did LBAI perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

29%

Payout Ratio

Valuation

Is Lakeland Bancorp undervalued compared to its fair value and its price relative to the market?

49.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LBAI ($17.87) is trading below our estimate of fair value ($35.49)

Significantly Below Fair Value: LBAI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: LBAI is good value based on its PE Ratio (10x) compared to the US Banks industry average (10.5x).

PE vs Market: LBAI is good value based on its PE Ratio (10x) compared to the US market (16.6x).


Price to Earnings Growth Ratio

PEG Ratio: LBAI is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: LBAI's PB Ratio (1.1x) is in line with the US Banks industry average.


Future Growth

How is Lakeland Bancorp forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

14.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LBAI's forecast earnings growth (14.3% per year) is above the savings rate (2%).

Earnings vs Market: LBAI's earnings (14.3% per year) are forecast to grow faster than the US market (14.3% per year).

High Growth Earnings: LBAI's earnings are forecast to grow, but not significantly.

Revenue vs Market: LBAI's revenue (15.6% per year) is forecast to grow faster than the US market (10.1% per year).

High Growth Revenue: LBAI's revenue (15.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LBAI's Return on Equity is forecast to be low in 3 years time (10.3%).


Past Performance

How has Lakeland Bancorp performed over the past 5 years?

11.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LBAI has high quality earnings.

Growing Profit Margin: LBAI's current net profit margins (34.2%) are higher than last year (28%).


Past Earnings Growth Analysis

Earnings Trend: LBAI's earnings have grown by 11.5% per year over the past 5 years.

Accelerating Growth: LBAI's earnings growth over the past year (59.5%) exceeds its 5-year average (11.5% per year).

Earnings vs Industry: LBAI earnings growth over the past year (59.5%) exceeded the Banks industry 43%.


Return on Equity

High ROE: LBAI's Return on Equity (11.3%) is considered low.


Financial Health

How is Lakeland Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: LBAI's Assets to Equity ratio (10x) is moderate.

Allowance for Bad Loans: LBAI has a sufficient allowance for bad loans (473%).

Low Risk Liabilities: 94% of LBAI's liabilities are made up of primarily low risk sources of funding.

Loan Level: LBAI has an appropriate level of Loans to Assets ratio (71%).

Low Risk Deposits: LBAI's Loans to Deposits ratio (84%) is appropriate.

Level of Bad Loans: LBAI has an appropriate level of bad loans (0.2%).


Dividend

What is Lakeland Bancorp current dividend yield, its reliability and sustainability?

3.02%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LBAI's dividend (3.02%) is higher than the bottom 25% of dividend payers in the US market (1.37%).

High Dividend: LBAI's dividend (3.02%) is low compared to the top 25% of dividend payers in the US market (3.69%).


Stability and Growth of Payments

Stable Dividend: LBAI's dividends per share have been stable in the past 10 years.

Growing Dividend: LBAI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (29%), LBAI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LBAI's dividends in 3 years are forecast to be well covered by earnings (31.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.8yrs

Average management tenure


CEO

Tom Shara (63 yo)

13.58yrs

Tenure

US$2,459,101

Compensation

Mr. Thomas J. Shara, Jr., also known as Tom, has been Chief Executive Officer and President of Lakeland Bancorp, Inc. and its subsidiary Lakeland Bank since April 2, 2008. Mr. Shara served as President and...


CEO Compensation Analysis

Compensation vs Market: Tom's total compensation ($USD2.46M) is about average for companies of similar size in the US market ($USD2.31M).

Compensation vs Earnings: Tom's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: LBAI's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: LBAI's board of directors are seasoned and experienced ( 14 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: LBAI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Lakeland Bancorp, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Lakeland Bancorp, Inc.
  • Ticker: LBAI
  • Exchange: NasdaqGS
  • Founded: 1969
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$905.348m
  • Shares outstanding: 50.61m
  • Website: https://www.lakelandbank.com

Number of Employees


Location

  • Lakeland Bancorp, Inc.
  • 250 Oak Ridge Road
  • Oak Ridge
  • New Jersey
  • 07438-8906
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/01 23:58
End of Day Share Price2021/12/01 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.