Stock Analysis Report

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Executive Summary

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.

Snowflake Analysis

Flawless balance sheet 6 star dividend payer.

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Share Price & News

How has Lakeland Bancorp's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: LBAI has not had significant price volatility in the past 3 months.

Market Performance

7 Day Return




US Banks


US Market

1 Year Return




US Banks


US Market

Return vs Industry: LBAI underperformed the US Banks industry which returned -27.6% over the past year.

Return vs Market: LBAI underperformed the US Market which returned 6.7% over the past year.

Shareholder returns

7 Day-1.5%0.5%-0.7%
30 Day-2.0%-4.4%4.6%
90 Day6.6%2.0%14.0%
1 Year-32.3%-34.6%-23.6%-26.2%7.6%5.3%
3 Year-39.3%-44.2%-15.0%-21.8%34.9%26.1%
5 Year-1.3%-14.2%7.0%-6.0%62.3%44.7%

Price Volatility Vs. Market

How volatile is Lakeland Bancorp's share price compared to the market and industry in the last 5 years?

Simply Wall St News


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


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: LBAI ($10.49) is trading below our estimate of fair value ($13.21)

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 (7.9x) compared to the US Banks industry average (9.2x).

PE vs Market: LBAI is good value based on its PE Ratio (7.9x) compared to the US market (16.2x).

Price to Earnings Growth Ratio

PEG Ratio: LBAI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.

Price to Book Ratio

PB vs Industry: LBAI's PB Ratio (0.7x) is in line with the US Banks industry average.

Next Steps

Future Growth

How is Lakeland Bancorp forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: LBAI's earnings are forecast to decline over the next 3 years (-1.9% per year).

Earnings vs Market: LBAI's earnings are forecast to decline over the next 3 years (-1.9% per year).

High Growth Earnings: LBAI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: LBAI's revenue (2.4% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: LBAI's revenue (2.4% 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 (7.3%).

Next Steps

Past Performance

How has Lakeland Bancorp performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: LBAI has high quality earnings.

Growing Profit Margin: LBAI's current net profit margins (31.1%) are lower than last year (31.7%).

Past Earnings Growth Analysis

Earnings Trend: LBAI's earnings have grown by 17.8% per year over the past 5 years.

Accelerating Growth: LBAI's earnings growth over the past year (5.8%) is below its 5-year average (17.8% per year).

Earnings vs Industry: LBAI earnings growth over the past year (5.8%) exceeded the Banks industry 1.7%.

Return on Equity

High ROE: LBAI's Return on Equity (9.2%) is considered low.

Next Steps

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 (9.5x) is low.

Allowance for Bad Loans: LBAI has a sufficient allowance for bad loans (151%).

Low Risk Liabilities: 87% 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 (75%).

Low Risk Deposits: LBAI's Loans to Deposits ratio (97%) is appropriate.

Level of Bad Loans: LBAI has an appropriate level of bad loans (0.6%).

Next Steps


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: LBAI's dividend (4.77%) is higher than the bottom 25% of dividend payers in the US market (1.68%).

High Dividend: LBAI's dividend (4.77%) is in the top 25% of dividend payers in the US market (4.6%)

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 (37.8%), 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 (44.9% payout ratio).

Next Steps


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


Average management tenure


Tom Shara (62yo)





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 ...

CEO Compensation Analysis

Compensation vs Market: Tom's total compensation ($USD2.02M) is about average for companies of similar size in the US market ($USD2.16M).

Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.

Leadership Team

Thomas Shara
President12.25yrsUS$2.02m0.56% $3.0m
Thomas Splaine
Executive VP & CFO3.33yrsUS$691.99k0.017% $87.4k
Ronald Schwarz
Senior EVP & COO3.5yrsUS$778.40k0.10% $537.3k
Timothy Matteson
Executive VP3.5yrsUS$610.47k0.049% $259.3k
James Nigro
Executive VP & Chief Risk Officer4.33yrsUS$602.22k0.041% $215.3k
John Fredericks
Chairman Emeritusno dataUS$145.30kno data
Sing Loy Ho
Executive VP & Chief Information Officer1.5yrsno data0.015% $77.4k
Jenifer Thoma
Executive VP & Chief Human Resources Officerno datano datano data
David Yanagisawa
Executive VP & Senior Loan Officer11.67yrsUS$500.36kno data
Ellen Lalwani
Executive VP & Chief Banking Officer2.5yrsno data0.015% $80.0k
Stephen Novak
Executive VP2.58yrsno datano data
Karen Garrera
Executive VP & Chief Retail Officerno datano datano data


Average Tenure


Average Age

Experienced Management: LBAI's management team is considered experienced (3.5 years average tenure).

Board Members

Thomas Shara
President12.25yrsUS$2.02m0.56% $3.0m
John Fredericks
Chairman Emeritusno dataUS$145.30kno data
Jon Hanson
Chairman of Corporate Advisory Council4.5yrsno datano data
Mary Deacon
Independent Chairman of the Board9.17yrsUS$208.74k0.64% $3.4m
Mark Fredericks
Independent Director26.5yrsUS$104.94k0.52% $2.7m
Robert Nicholson
Independent Director16.58yrsUS$105.19k0.34% $1.8m
Lawrence Inserra
Independent Director4.5yrsUS$90.73k0.13% $679.3k
Brian Flynn
Independent Director10.08yrsUS$95.73k0.061% $322.6k
Janeth Hendershot
Independent Director16yrsUS$103.88k0.60% $3.2m
Robert McCracken
Independent Director16yrsUS$106.59k0.26% $1.4m
Bruce Bohuny
Independent Director13yrsUS$102.09k0.11% $588.6k
Robert Nicholson
Chairman Emeritusno datano datano data


Average Tenure


Average Age

Experienced Board: LBAI's board of directors are seasoned and experienced ( 12.6 years average tenure).


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 company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Lakeland Bancorp, Inc.
  • Ticker: LBAI
  • Exchange: NasdaqGS
  • Founded: 1989
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$529.352m
  • Shares outstanding: 50.46m
  • Website:

Number of Employees


  • Lakeland Bancorp, Inc.
  • 250 Oak Ridge Road
  • Oak Ridge
  • New Jersey
  • 7438
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LBAINasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDApr 1998


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. It 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. The company 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, as well as Internet banking services. In addition, it offers investment advisory services; and non-deposit products, which include securities brokerage services, including mutual funds and variable annuities, as well as commercial title insurance services and life insurance products. The company operates 52 branch offices throughout Bergen, Essex, Morris, Ocean, Passaic, Somerset, Sussex, and Union counties in New Jersey and Highland Mills, New York; 6 New Jersey regional commercial lending centers in Bernardsville, Iselin, Jackson, Montville, Teaneck, and Waldwick; and 1 commercial lending center in New York to serve the Hudson Valley region. Lakeland Bancorp, Inc. was founded in 1989 and is headquartered in Oak Ridge, New Jersey. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/14 00:00
End of Day Share Price2020/07/13 00:00
Annual Earnings2019/12/31

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.