NasdaqGS:LBAI

Stock Analysis Report

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

Fundamentals

Flawless balance sheet average dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

1.0%

NasdaqGS:LBAI

1.1%

US Banks

0.5%

US Market


1 Year Return

-22.4%

NasdaqGS:LBAI

-8.0%

US Banks

0.8%

US Market

LBAI underperformed the Banks industry which returned -8% over the past year.

LBAI underperformed the Market in United States of America which returned 0.8% over the past year.


Share holder returns

LBAIIndustryMarket
7 Day1.0%1.1%0.5%
30 Day-2.5%-0.6%-0.06%
90 Day-2.0%-2.8%1.0%
1 Year-20.2%-22.4%-5.5%-8.0%3.0%0.8%
3 Year47.2%36.8%57.1%46.4%47.3%37.5%
5 Year68.4%47.4%57.0%40.3%54.7%37.5%

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

Valuation

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

18%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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 Based on Earnings

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

Lakeland Bancorp is poor value based on expected growth next year.


Price Based on Value of Assets

Lakeland Bancorp is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

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

7.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Lakeland Bancorp's revenue is expected to grow by 7.3% yearly, however this is not considered high growth (20% yearly).

Lakeland Bancorp's earnings are expected to grow by 7.6% yearly, however this is not considered high growth (20% yearly).

Lakeland Bancorp's revenue growth is expected to exceed the United States of America market average.

Lakeland Bancorp's earnings growth is positive but not above the United States of America market average.

Lakeland Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Lakeland Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Lakeland Bancorp performed over the past 5 years?

18.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Lakeland Bancorp's year on year earnings growth rate has been positive over the past 5 years.

Lakeland Bancorp's 1-year earnings growth is less than its 5-year average (14.8% vs 18.4%)

Lakeland Bancorp's earnings growth has not exceeded the US Banks industry average in the past year (14.8% vs 39.5%).


Return on Equity

Lakeland Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Lakeland Bancorp used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

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.


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

Lakeland Bancorp has an acceptable proportion of non-loan assets held.

Lakeland Bancorp has a sufficient allowance for bad loans.

Lakeland Bancorp's liabilities are made up of primarily low risk sources of funding.

Lakeland Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Lakeland Bancorp are broadly funded by customer deposits.

Lakeland Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

3.18%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Lakeland Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).

Lakeland Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.8x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

2.4yrs

Average management tenure


CEO

Tom Shara (60yo)

11.2yrs

Tenure

US$1,952,093

Compensation

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

Tom's remuneration is about average for companies of similar size in United States of America.

Tom's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.4yrs

Average Tenure

59.5yo

Average Age

The tenure for the Lakeland Bancorp management team is about average.


Board Age and Tenure

13.0yrs

Average Tenure

61.5yo

Average Age

The average tenure for the Lakeland Bancorp board of directors is over 10 years, this suggests they are a seasoned and experienced board.


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

BuyUS$3,94530 May 19
James Hanson
EntityIndividual
Shares250
Max PriceUS$15.78
BuyUS$14,34710 May 19
James Hanson
EntityIndividual
Shares840
Max PriceUS$17.08
BuyUS$25,01104 Feb 19
James Hanson
EntityIndividual
Shares1,585
Max PriceUS$15.78
BuyUS$187,85026 Dec 18
Robert Nicholson
EntityIndividual
Role
Member of the Board of Directors
Shares13,000
Max PriceUS$14.45
BuyUS$14,64517 Dec 18
Mary Deacon
EntityIndividual
Role
Chairman of the Board
Shares1,000
Max PriceUS$14.65
BuyUS$20,24919 Nov 18
James Hanson
EntityIndividual
Shares1,225
Max PriceUS$16.53
BuyUS$80,60019 Nov 18
Thomas Shara
EntityIndividual
Role
President
Member of the Board of Directors
Shares5,000
Max PriceUS$16.12
BuyUS$111,42902 Nov 18
Mary Deacon
EntityIndividual
Role
Chairman of the Board
Shares6,750
Max PriceUS$16.51

Ownership Breakdown


Management Team

  • John Rath (59yo)

    Executive VP & Chief Lending Officer

    • Tenure: 1.4yrs
    • Compensation: $449.33k
  • David Yanagisawa (66yo)

    Executive VP & Senior Loan Officer

    • Tenure: 10.6yrs
    • Compensation: $500.36k
  • James Nigro (50yo)

    Executive VP & Chief Risk Officer

    • Tenure: 3.3yrs
  • Tom Shara (60yo)

    President

    • Tenure: 11.2yrs
    • Compensation: $1.95m
  • Paul Ho

    Executive VP & Chief Information Officer

    • Tenure: 2.0yrs
  • Tom Splaine (52yo)

    Executive VP & CFO

    • Tenure: 2.3yrs
    • Compensation: $658.36k
  • Jenifer Thoma

    First Senior VP & Director of Human Resources

  • Timothy Matteson (49yo)

    Executive VP

    • Tenure: 2.4yrs
    • Compensation: $591.05k
  • John Fredericks (81yo)

    Chairman Emeritus

    • Tenure: 50.4yrs
    • Compensation: $65.50k
  • Ron Schwarz (63yo)

    Senior EVP & COO

    • Tenure: 2.4yrs
    • Compensation: $737.13k

Board Members

  • Robert Nicholson (53yo)

    Director

    • Tenure: 15.5yrs
    • Compensation: $93.04k
  • Tom Shara (60yo)

    President

    • Tenure: 11.2yrs
    • Compensation: $1.95m
  • Robert McCracken (60yo)

    Director

    • Tenure: 14.9yrs
    • Compensation: $93.23k
  • Jon Hanson (81yo)

    Chairman of Corporate Advisory Council

    • Tenure: 3.4yrs
  • Mark Fredericks (57yo)

    Director

    • Tenure: 25.4yrs
    • Compensation: $90.54k
  • John Fredericks (81yo)

    Chairman Emeritus

    • Compensation: $65.50k
  • Robert Nicholson (89yo)

    Chairman Emeritus

  • Mary Deacon (66yo)

    Chairman of the Board

    • Tenure: 8.1yrs
    • Compensation: $233.34k
  • Janeth Hendershot (63yo)

    Director

    • Tenure: 14.9yrs
    • Compensation: $91.69k
  • Brian Flynn (58yo)

    Director

    • Tenure: 9.0yrs
    • Compensation: $95.54k

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$796.468m
  • Shares outstanding: 50.44m
  • Website: Click here

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LBAINasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJan 1970

Biography

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  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/06/16 23:40
End of Day Share Price2019/06/14 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.