Lakeland Bancorp Inc (LBAI) Files 10-K for the Fiscal Year Ended on December 31, 2019

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Mar 02, 2020
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Lakeland Bancorp Inc (LBAI, Financial)(30-Year Financial) files its latest 10-K with SEC for the fiscal year ended on December 31, 2019. Lakeland Bancorp Inc is a bank holding company. It offers retail banking, business banking, and investment programs. Lakeland Bancorp Inc has a market cap of $751.130 million; its shares were traded at around $14.88 with a P/E ratio of 10.72 and P/S ratio of 3.49. The dividend yield of Lakeland Bancorp Inc stocks is 3.37%. GuruFocus has detected 2 severe warning signs with Lakeland Bancorp Inc. .

For the last quarter Lakeland Bancorp Inc reported a revenue of $56.9 million, compared with the revenue of $49.26 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $220.5 million, an increase of 13.8% from last year. For the complete 30-year financial data, please go here.. For the last five years Lakeland Bancorp Inc had an average revenue growth rate of 11.7% a year.

The reported diluted earnings per share was $1.38 for the year, an increase of 4.5% from previous year. Over the last five years Lakeland Bancorp Inc had an EPS growth rate of 12.3% a year. The profitability rank of the company is 4 (out of 10).

At the end of the fiscal year, Lakeland Bancorp Inc has the cash and cash equivalents of $282.4 million, compared with $208.6 million in the previous year. The long term debt was $303.9 million, compared with $286.1 million in the previous year. Lakeland Bancorp Inc has a financial strength rank of 3 (out of 10).

At the current stock price of $14.88, Lakeland Bancorp Inc is traded at 28.2% discount to its historical median P/S valuation band of $20.71. The P/S ratio of the stock is 3.49, while the historical median P/S ratio is 3.08. The stock lost 10.91% during the past 12 months.

Directors and Officers Recent Trades:

  • Director Brian Gragnolati bought 1,000 shares of LBAI stock on 02/11/2020 at the average price of $16.65. The price of the stock has decreased by 10.63% since.
  • Director James E. Hanson Ii bought 1,050 shares of LBAI stock on 02/04/2020 at the average price of $16.49. The price of the stock has decreased by 9.76% since.

For the complete 20-year historical financial data of LBAI, click here.