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

Lakeland Bancorp

27/10/2023 02:35

* Lakeland Bancorp Inc  LBAI.OQ  reported quarterly adjusted
earnings of 34 cents​​ per share for the quarter ended in
September. The mean expectation of two analysts for the quarter
was for earnings of 34 cents per share.
    * Revenue fell 15.1% to $74.32 million from a year ago;
analysts
expected $76.58 million. 
    * Lakeland Bancorp Inc's reported EPS for the quarter was 34
cents​.
    * The mean earnings estimate of analysts had fallen by
about 13.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Lakeland Bancorp Inc shares had fallen by 12.6% this
quarter and
lost 37.4% so far this year.
    * The company reported quarterly net income of $22.24
million.
    * Wall Street's median 12-month price target for Lakeland
Bancorp
Inc is $18.30 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 27 at 01:35 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.34           0.34           Met
 Jun. 30 2023      0.39           0.34           Missed
 Mar. 31 2023      0.46           0.30           Missed
 Dec. 31 2022      0.49           0.51           Beat