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.
Flawless balance sheet 6 star dividend payer.
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.
7 Day Return
1 Year Return
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.
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
2 weeks ago | Simply Wall StLakeland Bancorp (NASDAQ:LBAI) Share Prices Have Dropped 46% In The Last Three Years
1 month ago | Simply Wall StHow Much Of Lakeland Bancorp, Inc. (NASDAQ:LBAI) Do Institutions Own?
1 month ago | Simply Wall StWhy Lakeland Bancorp, Inc.'s (NASDAQ:LBAI) CEO Pay Matters To You
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.
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%).
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.
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
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%).
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).
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.
|Executive VP & CFO||3.33yrs||US$691.99k||0.017% $87.4k|
|Senior EVP & COO||3.5yrs||US$778.40k||0.10% $537.3k|
|Executive VP||3.5yrs||US$610.47k||0.049% $259.3k|
|Executive VP & Chief Risk Officer||4.33yrs||US$602.22k||0.041% $215.3k|
|Chairman Emeritus||no data||US$145.30k||no data|
|Executive VP & Chief Information Officer||1.5yrs||no data||0.015% $77.4k|
|Executive VP & Chief Human Resources Officer||no data||no data||no data|
|Executive VP & Senior Loan Officer||11.67yrs||US$500.36k||no data|
|Executive VP & Chief Banking Officer||2.5yrs||no data||0.015% $80.0k|
|Executive VP||2.58yrs||no data||no data|
|Executive VP & Chief Retail Officer||no data||no data||no data|
Experienced Management: LBAI's management team is considered experienced (3.5 years average tenure).
|Chairman Emeritus||no data||US$145.30k||no data|
|Chairman of Corporate Advisory Council||4.5yrs||no data||no data|
|Independent Chairman of the Board||9.17yrs||US$208.74k||0.64% $3.4m|
|Independent Director||26.5yrs||US$104.94k||0.52% $2.7m|
|Independent Director||16.58yrs||US$105.19k||0.34% $1.8m|
|Independent Director||4.5yrs||US$90.73k||0.13% $679.3k|
|Independent Director||10.08yrs||US$95.73k||0.061% $322.6k|
|Independent Director||16yrs||US$103.88k||0.60% $3.2m|
|Independent Director||16yrs||US$106.59k||0.26% $1.4m|
|Independent Director||13yrs||US$102.09k||0.11% $588.6k|
|Chairman Emeritus||no data||no data||no data|
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Lakeland Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
- 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: https://www.lakelandbank.com
Number of Employees
- Lakeland Bancorp, Inc.
- 250 Oak Ridge Road
- Oak Ridge
- New Jersey
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|LBAI||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Apr 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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/14 00:00|
|End of Day Share Price||2020/07/13 00:00|
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.