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

Lakeland Bancorp

28/07/2022 19:55

* Lakeland Bancorp Inc  LBAI.OQ  reported quarterly adjusted
earnings of 44 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 34.4% to $87.37 million from a year ago;
analysts
expected $81.82 million. 
    * Lakeland Bancorp Inc's reported EPS for the quarter was 44
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Lakeland Bancorp Inc shares had risen by 5.3% this
quarter and
lost 18.9% so far this year.
    * The company reported quarterly net income of $29.12
million.
    * Wall Street's median 12-month price target for Lakeland
Bancorp
Inc is $20.00 
    * 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 from Refinitiv data July 28
at 06:54 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.43           0.44           Beat
 Mar. 31 2022      0.38           0.30           Missed
 Dec. 31 2021      0.42           0.45           Beat
 Sep. 30 2021      0.44           0.47           Beat