Lakeland Bancorp Inc expected to post earnings of 32 cents a share - Earnings Preview

Lakeland Bancorp

23/01/2024 14:22

* Lakeland Bancorp Inc  LBAI.OQ   LBAI.O  is expected
to show a
fall in quarterly revenue when it reports  results on January 25
for the period ending December 31 2023
    * The Oak Ridge New Jersey-based  company is expected to
report a
16.8% decrease in revenue to $73.799 million from $88.66 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data. (SAL Represents Operating Revenue)
    * ​LSEG's mean analyst estimate for Lakeland Bancorp Inc is
for
earnings of 32 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 $17.50​, above​ its last closing price of $14.51. ​​​

This summary was machine generated January 23 at 14:22 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)