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

Lakeland Bancorp

27/04/2023 21:26

* Lakeland Bancorp Inc  LBAI.OQ  reported quarterly adjusted
earnings of 30 cents​​ per share for the quarter ended in March.
The mean expectation of four analysts for the quarter was
for earnings of 46 cents per share.
    * Revenue rose 6.1% to $81.61 million from a year ago;
analysts
expected $87.50 million. 
    * Lakeland Bancorp Inc's reported EPS for the quarter was 30
cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Lakeland Bancorp Inc shares had fallen by 9.0% this
quarter and
lost 19.2% so far this year.
    * The company reported quarterly net income of $19.81
million.
    * Wall Street's median 12-month price target for Lakeland
Bancorp
Inc is $18.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 27 at 08:26 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.46           0.30           Missed
 Dec. 31 2022      0.49           0.51           Beat
 Sep. 30 2022      0.49           0.44           Missed
 Jun. 30 2022      0.43           0.44           Beat