Today, 18,746 Shares of Stock are sold by Lakeland Bancorp Inc. (LBAI) Director Edward B. Deutsch

Today, 18,746 Shares of Stock are sold by Lakeland Bancorp Inc. (LBAI) Director Edward B. Deutsch

Lakeland Bancorp Inc. (NASDAQ:LBAI) Director Edward B. Deutsch sold 18,746 shares of the firm’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $17.33, for a total value of $324,868.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Edward B. Deutsch also recently made the following trade(s): On Tuesday, November 22nd, Edward B. Deutsch sold 20,000 shares of Lakeland Bancorp stock. The stock was sold at an average price of $16.65, for a total value of $333,000.00. On Friday, November 18th, Edward B. Deutsch sold 19,010 shares of Lakeland Bancorp stock. The stock was sold at an average price of $16.42, for a total value of $312,144.20. On Wednesday, November 16th, Edward B. Deutsch sold 990 shares of Lakeland Bancorp stock. The stock was sold at an average price of $16.65, for a total value of $16,483.50. On Tuesday, November 15th, Edward B. Deutsch sold 10,000 shares of Lakeland Bancorp stock. The stock was sold at an average price of $16.50, for a total value of $165,000.00.

Shares of Lakeland Bancorp Inc. (NASDAQ:LBAI) opened at 17.55 on Tuesday. Lakeland Bancorp Inc. has a 12-month low of $9.72 and a 12-month high of $17.90. The company’s 50-day moving average price is $14.84 and its 200 day moving average price is $13.00. The firm has a market capitalization of $779.96 million, a price-to-earnings ratio of 19.26 and a beta of 0.79.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, November 7th were paid a dividend of $0.095 per share. The ex-dividend date was Thursday, November 3rd. This represents a $0.38 annualized dividend and a yield of 2.16%. Lakeland Bancorp’s payout ratio is 41.76%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mcrae Capital Management Inc. boosted its position in Lakeland Bancorp by 235.4% in the third quarter. Mcrae Capital Management Inc. now owns 377,884 shares of the financial services provider’s stock valued at $5,305,000 after buying an additional 265,230 shares during the last quarter. Basswood Capital Management L.L.C. boosted its position in Lakeland Bancorp by 100.5% in the second quarter. Basswood Capital Management L.L.C. now owns 397,571 shares of the financial services provider’s stock valued at $4,524,000 after buying an additional 199,276 shares during the last quarter. Maltese Capital Management LLC boosted its position in Lakeland Bancorp by 45.5% in the second quarter. Maltese Capital Management LLC now owns 496,300 shares of the financial services provider’s stock valued at $5,648,000 after buying an additional 155,100 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in Lakeland Bancorp during the second quarter valued at approximately $1,152,000. Finally, Dimensional Fund Advisors LP boosted its position in Lakeland Bancorp by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,846,766 shares of the financial services provider’s stock valued at $21,016,000 after buying an additional 88,346 shares during the last quarter. 43.11% of the stock is owned by hedge funds and other institutional investors.

Separately, Raymond James Financial Inc. cut Lakeland Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 27th. They noted that the move was a valuation call.

About Lakeland Bancorp

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