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

Lakeland Bancorp

28/04/2022 17:45

* Lakeland Bancorp Inc  LBAI.OQ  reported quarterly adjusted
earnings of 25 cents​​ per share for the quarter ended in March.
The mean expectation of seven analysts for the quarter was
for earnings of 38 cents per share.
    * Revenue rose 20.8% to $75.47 million from a year ago; 
analysts
expected $81.78 million. 
    * Lakeland Bancorp Inc's reported EPS for the quarter was 25
cents​.
    * The mean earnings estimate of analysts had risen by
about 0.4%
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 6.7% this
quarter and
lost 18.0% so far this year.
    * The company reported quarterly net income of $15.93
million.
    * Wall Street's median 12-month price target for Lakeland
Bancorp
Inc is $23.00 
    * 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 April 28 at 04:45 p.m.  ​All
figures in US dollars unless otherwise stated