Saturday, March 2, 2019

Lakeland Bancorp Inc (LBAI) Files 10-K for the Fiscal Year Ended on December 31, 2018

Lakeland Bancorp Inc (NASDAQ:LBAI) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Lakeland Bancorp Inc is a bank holding company. It offers retail banking, business banking, and investment programs. Lakeland Bancorp Inc has a market cap of $836.753 million; its shares were traded at around $16.64 with a P/E ratio of 12.59 and P/S ratio of 4.11. The dividend yield of Lakeland Bancorp Inc stocks is 2.76%.

For the last quarter Lakeland Bancorp Inc reported a revenue of $49.8 million, compared with the revenue of $48.16 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $195.9 million, an increase of 2.7% from last year. For the last five years Lakeland Bancorp Inc had an average revenue growth rate of 10.8% a year.

The reported diluted earnings per share was $1.32 for the year, an increase of 21.1% from previous year. Over the last five years Lakeland Bancorp Inc had an EPS growth rate of 12.3% a year. The profitability rank of the company is 3 (out of 10).

At the end of the fiscal year, Lakeland Bancorp Inc has the cash and cash equivalents of $208.6 million, compared with $142.9 million in the previous year. The long term debt was $286.1 million, compared with $296.9 million in the previous year. Lakeland Bancorp Inc has a financial strength rank of 4 (out of 10).

At the current stock price of $16.64, Lakeland Bancorp Inc is traded at 41.1% premium to its historical median P/S valuation band of $11.79. The P/S ratio of the stock is 4.11, while the historical median P/S ratio is 2.90. The stock lost 11.4% during the past 12 months.

Directors and Officers Recent Trades:

Director James E. Hanson Ii bought 1,585 shares of LBAI stock on 02/01/2019 at the average price of $15.78. The price of the stock has increased by 5.45% since.

For the complete 20-year historical financial data of LBAI, click here.

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