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

Lakeland Bancorp

27/10/2022 14:32

* Lakeland Bancorp Inc  LBAI.OQ  reported quarterly adjusted
earnings of 44 cents​​ per share for the quarter ended in
September. The mean expectation of seven analysts for the
quarter was for earnings of 49 cents per share.
    * Revenue rose 35% to $87.52 million from a year ago;
analysts
expected $89.61 million. 
    * Lakeland Bancorp Inc's reported EPS for the quarter was 44
cents​.
    * The mean earnings estimate of analysts had risen by
about 2.3%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Lakeland Bancorp Inc shares had risen by 8.6% this
quarter and
lost 8.4% so far this year.
    * The company reported quarterly net income of $28.75
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 "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
27 at 01:32 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.49           0.44           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