Lakeland Bancorp Inc reports results for the quarter ended in June - Earnings Summary

Lakeland Bancorp

22/07/2021 14:45

* Lakeland Bancorp Inc  LBAI.OQ  reported quarterly adjusted
earnings of 53 cents​​ per share for the quarter ended in June.
The mean expectation of seven analysts for the quarter was
for earnings of 43 cents per share.
* Revenue rose 16.1% to $65.01 million from a year ago; 
analysts expected $64.58 million. 
* Lakeland Bancorp Inc's reported EPS for the quarter was 53
cents​.
* The mean earnings estimate of analysts had risen by
about 19.7% in the last three months.​ 
* In the last 30 days there have been no negative revisions of
earnings estimates 
* Lakeland Bancorp Inc shares had fallen by 9.0% this
quarter and gained 25.3% so far this year.
* The company reported quarterly net income of $27.41 million.
* Wall Street's median 12-month price target for Lakeland
Bancorp Inc is $21.50 
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 7 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
This summary was machine generated July 22 at 01:45 p.m.  ​All
figures in US dollars unless otherwise stated