Lakeland Bancorp Inc expected to post earnings of 27 cents a share - Earnings Preview

Lakeland Bancorp

17/04/2024 13:38

* Lakeland Bancorp Inc  LBAI.OQ   LBAI.O  is expected
to show a
fall in quarterly revenue when it reports  results on April 19
for the period ending March 31 2024
    * The Oak Ridge New Jersey-based  company is expected to
report a
14.7% decrease in revenue to $69.607 million from $81.61 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Lakeland Bancorp Inc is
for
earnings of 27 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Lakeland
Bancorp
Inc is $15.33​, above​ its last closing price of $11.29. ​​​

This summary was machine generated April 17 at 12:38 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)