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Lakeland Bancorp

Nasdaq:LBAI
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LBAI
Nasdaq
$723M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Lakeland Bancorp, Inc. offers banking products and services. The last earnings update was 24 days ago. More info.


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LBAI Share Price and Events
7 Day Returns
-10.9%
NasdaqGS:LBAI
-7.5%
US Banks
-1.1%
US Market
1 Year Returns
-28.2%
NasdaqGS:LBAI
-9.7%
US Banks
5.8%
US Market
LBAI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lakeland Bancorp (LBAI) -10.9% -15.1% 3.5% -28.2% 40.5% 34.1%
US Banks -7.5% -7.4% 12.1% -9.7% 40.7% 32.8%
US Market -1.1% -0.2% 19.7% 5.8% 37.9% 41.7%
1 Year Return vs Industry and Market
  • LBAI underperformed the Banks industry which returned -9.7% over the past year.
  • LBAI underperformed the Market in United States of America which returned 5.8% over the past year.
Price Volatility
LBAI
Industry
5yr Volatility vs Market

LBAI Value

 Is Lakeland Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Lakeland Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Lakeland Bancorp.

NasdaqGS:LBAI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity
= $14.69 * 9.8%
$1.44
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. $14.69
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:LBAI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.61
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.611 (1 + (1- 21%) (73.42%))
0.977
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.977 * 5.96%)
8.55%

Discounted Cash Flow Calculation for NasdaqGS:LBAI using Excess Returns Model Model

The calculations below outline how an intrinsic value for Lakeland Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:LBAI Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.8% – 8.55%) * $14.69)
$0.19
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.19 / (8.55% - 2.73%)
$3.22
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $14.69 + $3.22
$17.91
NasdaqGS:LBAI Discount to Share Price
Calculation Result
Value per share (USD) From above. $17.91
Current discount Discount to share price of $14.37
= -1 x ($14.37 - $17.91) / $17.91
19.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Lakeland Bancorp is available for.
Intrinsic value
20%
Share price is $14.37 vs Future cash flow value of $17.91
Current Discount Checks
For Lakeland Bancorp to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Lakeland Bancorp's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Lakeland Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Lakeland Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lakeland Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:LBAI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $1.32
NasdaqGS:LBAI Share Price ** NasdaqGS (2019-03-25) in USD $14.37
United States of America Banks Industry PE Ratio Median Figure of 587 Publicly-Listed Banks Companies 12.68x
United States of America Market PE Ratio Median Figure of 3,061 Publicly-Listed Companies 17.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Lakeland Bancorp.

NasdaqGS:LBAI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:LBAI Share Price ÷ EPS (both in USD)

= 14.37 ÷ 1.32

10.88x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lakeland Bancorp is good value based on earnings compared to the US Banks industry average.
  • Lakeland Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Lakeland Bancorp's expected growth come at a high price?
Raw Data
NasdaqGS:LBAI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
7.1%per year
United States of America Banks Industry PEG Ratio Median Figure of 260 Publicly-Listed Banks Companies 1.13x
United States of America Market PEG Ratio Median Figure of 2,104 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

NasdaqGS:LBAI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.88x ÷ 7.1%

1.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lakeland Bancorp is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Lakeland Bancorp's assets?
Raw Data
NasdaqGS:LBAI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $13.14
NasdaqGS:LBAI Share Price * NasdaqGS (2019-03-25) in USD $14.37
United States of America Banks Industry PB Ratio Median Figure of 592 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,166 Publicly-Listed Companies 1.85x
NasdaqGS:LBAI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:LBAI Share Price ÷ Book Value per Share (both in USD)

= 14.37 ÷ 13.14

1.09x

* Primary Listing of Lakeland Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lakeland Bancorp is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Lakeland Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Lakeland Bancorp has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

LBAI Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lakeland Bancorp expected to grow at an attractive rate?
  • Lakeland Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Lakeland Bancorp's earnings growth is positive but not above the United States of America market average.
  • Lakeland Bancorp's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:LBAI Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:LBAI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 7.1%
NasdaqGS:LBAI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 9.8%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 4.3%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:LBAI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:LBAI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 234 72 4
2019-12-31 222 68 4
NasdaqGS:LBAI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 192 79 63
2018-09-30 188 87 60
2018-06-30 186 78 57
2018-03-31 184 68 55
2017-12-31 185 67 52
2017-09-30 181 60 51
2017-06-30 177 72 48
2017-03-31 170 62 45
2016-12-31 163 50 41
2016-09-30 154 47 38
2016-06-30 145 36 34
2016-03-31 139 40 32

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lakeland Bancorp's earnings are expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).
  • Lakeland Bancorp's revenue is expected to grow by 9.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:LBAI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Lakeland Bancorp Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:LBAI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.41 1.52 1.30 5.00
2019-12-31 1.34 1.40 1.26 5.00
NasdaqGS:LBAI Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 1.32
2018-09-30 1.27
2018-06-30 1.21
2018-03-31 1.16
2017-12-31 1.10
2017-09-30 1.09
2017-06-30 1.05
2017-03-31 1.02
2016-12-31 0.96
2016-09-30 0.92
2016-06-30 0.87
2016-03-31 0.83

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Lakeland Bancorp is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Lakeland Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Lakeland Bancorp has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

LBAI Past Performance

  How has Lakeland Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Lakeland Bancorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Lakeland Bancorp's year on year earnings growth rate has been positive over the past 5 years.
  • Lakeland Bancorp's 1-year earnings growth exceeds its 5-year average (20.6% vs 18.5%)
  • Lakeland Bancorp's earnings growth has not exceeded the US Banks industry average in the past year (20.6% vs 43.5%).
Earnings and Revenue History
Lakeland Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Lakeland Bancorp Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:LBAI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 192.04 62.82 95.49
2018-09-30 188.17 60.47 92.98
2018-06-30 186.35 57.46 90.17
2018-03-31 184.35 55.02 88.07
2017-12-31 184.58 52.10 86.75
2017-09-30 180.61 50.88 85.56
2017-06-30 177.18 48.49 85.11
2017-03-31 170.45 45.26 82.72
2016-12-31 162.76 41.12 80.98
2016-09-30 153.72 37.68 78.18
2016-06-30 145.27 34.22 75.31
2016-03-31 138.85 31.99 73.79
2015-12-31 133.59 32.22 70.61
2015-09-30 130.53 31.71 71.26
2015-06-30 128.74 32.13 69.50
2015-03-31 127.38 32.06 67.80
2014-12-31 125.42 30.91 66.70
2014-09-30 125.45 30.32 63.91
2014-06-30 123.64 28.70 63.95
2014-03-31 119.59 26.84 62.63
2013-12-31 114.96 24.79 62.54
2013-09-30 109.68 23.29 59.35
2013-06-30 104.37 22.16 57.05
2013-03-31 101.87 21.71 55.93
2012-12-31 99.51 20.94 55.11
2012-09-30 96.75 19.95 54.05
2012-06-30 97.19 19.28 53.73
2012-03-31 96.27 18.41 53.68

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Lakeland Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Lakeland Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Lakeland Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Lakeland Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Lakeland Bancorp has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

LBAI Health

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

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Lakeland Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Lakeland Bancorp Company Filings, last reported 2 months ago.

NasdaqGS:LBAI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 623.74 531.09 220.73
2018-09-30 607.56 348.42 193.15
2018-06-30 597.86 508.88 154.00
2018-03-31 588.65 416.20 142.30
2017-12-31 583.12 427.31 149.49
2017-09-30 577.08 440.75 209.17
2017-06-30 567.55 541.09 192.06
2017-03-31 557.64 368.36 156.74
2016-12-31 550.04 424.35 179.18
2016-09-30 498.72 428.37 195.35
2016-06-30 454.93 449.67 152.88
2016-03-31 446.88 470.11 213.62
2015-12-31 400.52 455.90 120.01
2015-09-30 397.69 407.02 123.14
2015-06-30 390.86 450.73 137.57
2015-03-31 388.08 381.53 133.21
2014-12-31 379.44 352.71 109.35
2014-09-30 372.54 334.00 127.17
2014-06-30 367.83 371.92 138.97
2014-03-31 359.54 276.60 147.61
2013-12-31 351.42 242.79 102.72
2013-09-30 347.53 228.43 145.25
2013-06-30 341.11 234.77 110.01
2013-03-31 283.88 221.27 97.47
2012-12-31 280.87 254.03 107.55
2012-09-30 277.54 226.90 103.05
2012-06-30 246.94 315.28 76.72
2012-03-31 241.96 308.78 86.82
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Lakeland Bancorp has an acceptable proportion of non-loan assets held.
  • Lakeland Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at Lakeland Bancorp are broadly funded by customer deposits.
  • Lakeland Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Lakeland Bancorp has a sufficient allowance for bad loans.
  • Lakeland Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Lakeland Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Lakeland Bancorp has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

LBAI Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.2%
Current annual income from Lakeland Bancorp dividends. Estimated to be 3.39% next year.
If you bought $2,000 of Lakeland Bancorp shares you are expected to receive $64 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Lakeland Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • Lakeland Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:LBAI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 469 Stocks 3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:LBAI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.50 6.00
2019-12-31 0.48 6.00
NasdaqGS:LBAI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-01 0.460 2.908
2019-01-28 0.460 2.831
2018-11-08 0.460 2.969
2018-10-25 0.460 2.791
2018-08-08 0.460 2.512
2018-07-26 0.460 2.346
2018-05-08 0.460 2.265
2018-04-25 0.460 2.334
2018-01-26 0.400 1.998
2017-11-08 0.400 2.000
2017-10-26 0.400 1.972
2017-08-08 0.400 2.076
2017-07-20 0.400 2.070
2017-05-09 0.400 2.089
2017-04-27 0.400 2.024
2017-03-15 0.380 1.970
2017-01-26 0.380 1.936
2016-10-26 0.380 2.186
2016-07-22 0.380 2.872
2016-04-26 0.380 3.342
2016-03-15 0.340 3.236
2016-01-28 0.340 3.304
2015-07-22 0.340 2.984
2015-04-23 0.300 2.549
2014-10-21 0.300 2.676
2014-07-22 0.300 2.941
2014-04-28 0.286 2.758
2013-10-24 0.286 2.593
2013-07-25 0.267 2.468
2013-01-24 0.267 2.823
2012-10-16 0.267 2.864
2012-07-17 0.228 2.350
2012-04-20 0.228 2.506
2012-01-25 0.218 2.456
2011-10-18 0.218 2.748
2011-07-14 0.218 2.813
2011-04-14 0.218 2.378
2011-01-20 0.218 2.421
2010-10-14 0.207 2.313
2010-07-15 0.173 2.371
2010-04-15 0.173 2.077
2010-01-20 0.173 2.523
2009-10-22 0.173 3.269
2009-07-23 0.173 2.438
2009-04-23 0.346 4.322
2009-03-26 0.346 4.605

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Lakeland Bancorp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).
X
Income/ dividend checks
We assess Lakeland Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Lakeland Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lakeland Bancorp has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

LBAI Management

 What is the CEO of Lakeland Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tom Shara
COMPENSATION $1,679,112
AGE 60
TENURE AS CEO 10.9 years
CEO Bio

Mr. Thomas J. Shara, also known as Tom, Jr., 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 Chief Credit Officer of TD Banknorth, N.A.’s Mid-Atlantic Division. from May 2007 to April 1, 2008. He served as Chief Lending Officer for TD Banknorth's mid-Atlantic Division of TD Bank, N.A. since May 1, 2007. He had responsibilities for all aspects of commercial lending including a loan portfolio with outstandings in excess of $3.5 billion. His responsibilities include oversight of a network of 160 branches in New York, New Jersey and Pennsylvania. Mr. Shara served as an Executive Vice President and Senior Commercial Banking Officer of TD Banknorth's mid-Atlantic division from February 2006 to May 2007, where he oversaw commercial lending, construction lending, project finance and its insurance premium finance company, Flatiron Credit Co., based in Denver. Mr. Shara served as an Executive Vice President and Senior Loan Officer of Hudson United BanCorp. and its subsidiary, Hudson United Bank until February 2006 and as its Executive officer since 1989. Mr. Shara has been a Director of Lakeland BanCorp Inc. and Lakeland Bank since April 2, 2008. Mr. Shara has over 30 years of experience in the banking industry, his stature and reputation in the banking and local community. Mr. Shara serves on the Board of Trustees of the Boys and Girls Club of Paterson and Passaic, N.J., the Board of Directors of the Commerce and Industry Association of New Jersey, and is Second Vice Chairman of the New Jersey Bankers Association board. He also serves on the Board of Governors of the Ramapo College Foundation and is a Foundation Officer on the Board of Trustees of Chilton Medical Center Foundation. Mr. Shara earned a master’s degree in business administration as well as a Bachelor of Science from Fairleigh Dickinson University.

CEO Compensation
  • Tom's compensation has increased by more than 20% in the past year.
  • Tom's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Lakeland Bancorp management team in years:

2.6
Average Tenure
60
Average Age
  • The tenure for the Lakeland Bancorp management team is about average.
Management Team

Tom Shara

TITLE
President
COMPENSATION
$2M
AGE
60
TENURE
10.9 yrs

Tom Splaine

TITLE
Executive VP & CFO
COMPENSATION
$482K
AGE
52
TENURE
2 yrs

Ron Schwarz

TITLE
Senior EVP & COO
COMPENSATION
$656K
AGE
63
TENURE
2.2 yrs

David Yanagisawa

TITLE
Executive VP & Senior Loan Officer
COMPENSATION
$500K
AGE
66
TENURE
10.3 yrs

John Fredericks

TITLE
Chairman Emeritus
COMPENSATION
$66K
AGE
81
TENURE
50.2 yrs

Paul Ho

TITLE
Executive Vice President & Chief Information Officer
TENURE
1.8 yrs

Timothy Matteson

TITLE
Executive VP
AGE
49
TENURE
2.2 yrs

Rasiel Kleiner

TITLE
Vice President

Connie Meehan

TITLE
Vice President

James Nigro

TITLE
Executive VP & Chief Risk Officer
AGE
50
TENURE
3 yrs
Board of Directors Tenure

Average tenure and age of the Lakeland Bancorp board of directors in years:

9.8
Average Tenure
63
Average Age
  • The tenure for the Lakeland Bancorp board of directors is about average.
Board of Directors

Mary Deacon

TITLE
Chairman of the Board
COMPENSATION
$163K
AGE
66
TENURE
7.8 yrs

Tom Shara

TITLE
President
COMPENSATION
$2M
AGE
60
TENURE
10.9 yrs

John Fredericks

TITLE
Chairman Emeritus
COMPENSATION
$66K
AGE
81

Robert Nicholson

TITLE
Chairman Emeritus
AGE
89

Robert Nicholson

TITLE
Director
COMPENSATION
$104K
AGE
53
TENURE
15.3 yrs

Robert McCracken

TITLE
Director
COMPENSATION
$104K
AGE
60
TENURE
14.7 yrs

Brian Flynn

TITLE
Director
COMPENSATION
$99K
AGE
58
TENURE
8.8 yrs

Jon Hanson

TITLE
Chairman of Corporate Advisory Council
AGE
81
TENURE
3.2 yrs

Thomas Marino

TITLE
Director
COMPENSATION
$94K
AGE
70
TENURE
5.8 yrs

Mark Fredericks

TITLE
Director
COMPENSATION
$97K
AGE
57
TENURE
25.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Lakeland Bancorp insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
04. Feb 19 Buy James Hanson Individual 01. Feb 19 01. Feb 19 1,585 $15.78 $25,011
26. Dec 18 Buy Robert Nicholson Individual 21. Dec 18 21. Dec 18 13,000 $14.45 $187,850
17. Dec 18 Buy Mary Deacon Individual 14. Dec 18 14. Dec 18 1,000 $14.65 $14,645
19. Nov 18 Buy Thomas Shara Individual 15. Nov 18 15. Nov 18 5,000 $16.12 $80,600
19. Nov 18 Buy James Hanson Individual 02. Nov 18 02. Nov 18 1,225 $16.53 $20,249
02. Nov 18 Buy Mary Deacon Individual 01. Nov 18 01. Nov 18 6,750 $16.51 $111,429
X
Management checks
We assess Lakeland Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Lakeland Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

LBAI News

Simply Wall St News

Does Lakeland Bancorp, Inc.'s (NASDAQ:LBAI) P/E Ratio Signal A Buying Opportunity?

We'll show how you can use Lakeland Bancorp, Inc.'s (NASDAQ:LBAI) P/E ratio to inform your assessment of the investment opportunity. … Lakeland Bancorp has a P/E ratio of 11.86, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

How Much Of Lakeland Bancorp, Inc. (NASDAQ:LBAI) Do Insiders Own?

A look at the shareholders of Lakeland Bancorp, Inc. … Lakeland Bancorp is a smaller company with a market capitalization of US$798m, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for Lakeland Bancorp

Simply Wall St -

Is Lakeland Bancorp, Inc. (NASDAQ:LBAI) A Smart Pick For Income Investors?

Historically, Lakeland Bancorp, Inc. … Let's take a look at Lakeland Bancorp in more detail. … Check out our latest analysis for Lakeland Bancorp

Simply Wall St -

Is Lakeland Bancorp, Inc.'s (NASDAQ:LBAI) CEO Salary Justified?

Tom Shara has been the CEO of Lakeland Bancorp, Inc. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Tom Shara's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Interested In Lakeland Bancorp, Inc. (NASDAQ:LBAI)’s Upcoming US$0.12 Dividend? You Have 4 Days Left

To qualify for the dividend check of US$0.12 per share, investors must have owned the shares prior to 07 February 2019, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:? … Has its dividend been stable over the past (i.e. no missed payments or significant payout cuts)?

Simply Wall St -

Why These Fundamentals Make Lakeland Bancorp, Inc.’s (NASDAQ:LBAI) More Attractive

Lakeland Bancorp, Inc.’s (NASDAQ:LBAI) profitability and risk are largely affected by the underlying economic growth for the region it operates in US given it is a small-cap stock with a market capitalisation of US$727m. … Post-GFC recovery brought about a new set of reforms, Basel III, which was created to improve regulation, supervision and risk management in the financial services industry. … Low levels of leverage coupled with sufficient liquidity may place Lakeland Bancorp in a safe position in the face of adverse headwinds.

Simply Wall St -

Is Now The Time To Look At Buying Lakeland Bancorp, Inc. (NASDAQ:LBAI)?

received a lot of attention from a substantial price movement on the NasdaqGS over the last few months, increasing to $19.25 at one point, and dropping to the lows of $14.54. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether Lakeland Bancorp's current trading price of $14.54 reflective of the actual value of the?

Simply Wall St -

Are Insiders Selling Lakeland Bancorp Inc (NASDAQ:LBAI) Stock?

So before you buy or sell Lakeland Bancorp Inc (NASDAQ:LBAI), you may well want to know whether insiders have been buying or selling. … So we know that an insider sold shares at around the present share price of US$16.53. … In total, Lakeland Bancorp insiders sold more than they bought over the last year.

Simply Wall St -

Is Lakeland Bancorp Inc (NASDAQ:LBAI) A Smart Choice For Dividend Investors?

Historically, Lakeland Bancorp Inc (NASDAQ:LBAI) has paid dividends to shareholders, and these days it yields 2.8%. … Let's dig deeper into whether Lakeland Bancorp should have a place in your portfolio. … See our latest analysis for Lakeland Bancorp

Simply Wall St -

Does Market Volatility Impact Lakeland Bancorp Inc's (NASDAQ:LBAI) Share Price?

If you're interested in Lakeland Bancorp Inc (NASDAQ:LBAI), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

LBAI Company Info

Description

Lakeland Bancorp, Inc. offers banking products and services. It offers demand deposits and interest and non-interest bearing time and savings deposits. It's deposits include jumbo deposits and retail time deposits. The company provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases. The bank offers consumer loans, including credit card loans, revolving credit plans, and automotive loans. The bank offers commercial real estate loans for land development and on-site construction of industrial, commercial, residential, or farm buildings in the United States; real estate-backed residential loans; and commercial loans collateralized by real estate properties. The bank offers domestic and foreign commercial and industrial loans. The company offers loans for the purpose of financing agricultural production; loans which include planned and unplanned overdrafts, to governments in non-U.S. countries, to their official institutions, and to international and regional institutions. For 2017, the company has an asset value of 5.4 million USD. The bank has generated a net income of 52,580 USD in December 31, 2017. Lakeland Bancorp, Inc. was founded in 1989 and is based in Oak Ridge, New Jersey.

Details
Name: Lakeland Bancorp, Inc.
LBAI
Exchange: NasdaqGS
Founded: 1989
$723,339,772
50,336,797
Website: http://www.lakelandbank.com
Address: Lakeland Bancorp, Inc.
250 Oak Ridge Road,
Oak Ridge,
New Jersey, 07438,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS LBAI Common Stock Nasdaq Global Select US USD 21. Apr 1998
Number of employees
Current staff
Staff numbers
652
Lakeland Bancorp employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/25 23:38
End of day share price update: 2019/03/25 00:00
Last estimates confirmation: 2019/03/25
Last earnings filing: 2019/03/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.