Trade Report: Today: Lakeland Bancorp Inc. (LBAI) Director Edward B. Deutsch Sold 18,746 Shares

Today: Lakeland Bancorp Inc. (LBAI) Director Edward B. Deutsch Sold 18,746 Shares

Lakeland Bancorp Inc. (NASDAQ:LBAI) Director Edward B. Deutsch sold 18,746 shares of Lakeland Bancorp 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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) traded down 1.68% on Monday, reaching $17.55. The company’s stock had a trading volume of 191,478 shares. The firm has a 50 day moving average price of $14.73 and a 200-day moving average price of $12.93. Lakeland Bancorp Inc. has a 12-month low of $9.72 and a 12-month high of $17.90. The stock has a market cap of $779.96 million, a PE ratio of 19.26 and a beta of 0.79.

The business also recently disclosed 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. This represents a $0.38 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Thursday, November 3rd. Lakeland Bancorp’s dividend payout ratio (DPR) is currently 41.76%.

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

Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of 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 worth $21,016,000 after buying an additional 88,346 shares during the period. Banc Funds Co. LLC boosted its stake in shares of Lakeland Bancorp by 0.3% in the second quarter. Banc Funds Co. LLC now owns 1,609,554 shares of the financial services provider’s stock worth $18,317,000 after buying an additional 4,492 shares during the period. Vanguard Group Inc. boosted its stake in shares of Lakeland Bancorp by 4.8% in the second quarter. Vanguard Group Inc. now owns 1,189,613 shares of the financial services provider’s stock worth $13,539,000 after buying an additional 54,772 shares during the period. Northern Trust Corp boosted its stake in shares of Lakeland Bancorp by 1.8% in the third quarter. Northern Trust Corp now owns 1,130,021 shares of the financial services provider’s stock worth $15,866,000 after buying an additional 20,009 shares during the period. Finally, BlackRock Fund Advisors boosted its stake in shares of Lakeland Bancorp by 8.7% in the third quarter. BlackRock Fund Advisors now owns 1,086,822 shares of the financial services provider’s stock worth $15,259,000 after buying an additional 87,086 shares during the period. Hedge funds and other institutional investors own 43.11% of the company’s stock.

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