According to Zacks Investment Research, Lakeland Bancorp, Inc. (NASDAQ: LBAI) will report $0.39 as its 4th quarter earnings per share. The expected earnings range of LBAI stocks stands at a high of $0.46 to a low of $0.32 per share for the current quarter.
For the corresponding quarter previous year, the company posted an EPS of $0.24. This suggests a positive yearly growth rate of 62.5%. Analysts expect Lakeland Bancorp to post its Q4 earnings report on the 29th of April.
Further estimates from Zacks Investment Research suggest that Lakeland will report $1.42 EPS as its FY2020. In this case, analysts’ estimates range from $1.29 to $1.58. The company is expected to announce $1.48 as FY2021 EPS.
LBAI stocks traded at $15.68 this Monday. The company’s current market capitalization stands at $791.35 million. It has a positive PE ratio of 14.00 along with a beta of 0.97 at the moment. The 12-monthly high to low ranges from $16.50 to $8.31. The 50SMA (50 Days Simple Moving Average) stands at $14.28 and its 200SMA stands at $12.16.
NASDAQ: LBAI Stock Analysis
The quarterly earnings report for the previous fiscal quarter was released by the company on the 27th of January. The earnings stood at $0.37 EPS for that quarter as opposed to the general consensus of $0.29 proposed by analysts at Zacks Investment Research. The company’s return on equity currently stands at 7.75% along with a net margin of 20.64%.
The company has recently been the subject of a lot of reports by equities analysts. Some such as Zacks Investment Research, TheStreet, and so on have posted reports on this firm over the last few months. TheStreet gave out a “b” rating while Zacks rated it as “Strong Buy” for the time being.
The recent consensus rating of NASDAQ: LBAI stands at “Buy” and the consensus on the target price is $17.00. Several hedge funds have also altered their shareholdings of this company recently.