LBAI
Lakeland Bancorp, Inc.

Market cap $937.61M
Enterprise value $1.2402B
Employees 592
Revenue $184M
EBITDA N/A
Income $52.1M
EPS 1.09
P/E 18.17
Forward P/E 13.56
EV/EBITDA N/A
PEG 1.62
Earnings date 2018-04-25
Volume 25.8k / 123k
Relative vol. 0.21 ×
Sales Q/Q 10.94%
Sales Y/Y 15.10%
Est. EPS Q/Q 26.92%
Beta 0.62
Mean Recomm. 2.40
IPO year 2000
Country United States
RSI 44.37
Range $19.73 – $20.45
52 weeks $15.06 – $21.90
SMA 50 $20 -1.36%
SMA 200 $20 -2.35%
1 year target $23 +11.68%

Intraday

5 days

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All time

Recent Lakeland news

Date
#
Company
Insider Title
Trans.
Transaction
Shares Price per share Total price Shares after Source
2017-11-20 Edward B Deutsch
Director
Director Sale 3,276 $20.00 $65,520
2017-11-20
14,370
2017-11-01 Robert A Vandenbergh
Reg Pres of LB & SEVP/COO LBI
Reg Pres of LB & SEVP/COO LBI Sale 12,738 $20.56 $261,893
2017-11-01
95,467
2017-09-20 Edward B Deutsch
Director
Director Sale 5,000 $19.00 $95,000
2017-09-20
13,443
2017-08-02 Mark J Fredericks
Director
Director Sale 14,100 $19.37 $273,117
2017-08-02
49,395
2017-07-25 Edward B Deutsch
Director
Director Sale 5,000 $20.00 $100,000
2017-07-25
18,443
2017-06-15 Stephen R Sr Tilton
Director
Director Sale 1,808 $20.18 $36,485
2017-06-15
693,711
2017-06-14 Stephen R Sr Tilton
Director
Director Sale 13,505 $20.14 $271,991
2017-06-14
695,519
2017-06-13 Robert A Vandenbergh
Reg Pres of LB & SEVP/COO LBI
Reg Pres of LB & SEVP/COO LBI Sale 11,066 $20.22 $223,755
2017-06-13
107,931
2017-05-15 Timothy J Matteson
EVP and General Counsel
EVP and General Counsel Sale 2,650 $19.58 $51,887
2017-05-15
27,814
2017-05-03 David S. Yanagisawa
EVP and Chief Loan Officer
EVP and Chief Loan Officer Sale 1,000 $19.45 $19,450
2017-05-03
42,778
2017-03-20 Joseph Hurley
EVP and CFO
EVP and CFO Sale 7,940 $19.78 $157,053
2017-03-20
37,306
2017-02-24 Robert A Vandenbergh
Reg Pres of LB & SEVP/COO LBI
Reg Pres of LB & SEVP/COO LBI Sale 10,000 $19.32 $193,200
2017-02-24
122,630
2017-02-23 Bruce D. Bohuny
Director
Director Option exercise 25,308 $9.87 $249,790
2017-02-23
63,239
2017-02-22 Bruce D. Bohuny
Director
Director Option exercise 5,080 $9.87 $50,140
2017-02-22
43,011
2017-01-30 Joseph Hurley
EVP and CFO
EVP and CFO Sale 7,000 $18.55 $129,850
2017-01-30
40,606
2016-12-22 Timothy J Matteson
EVP and General Counsel
EVP and General Counsel Sale 750 $19.54 $14,655
2016-12-22
28,063
2016-12-01 Mark J Fredericks
Director
Director Sale 8,200 $17.66 $144,812
2016-12-01
63,495
2016-11-29 Stewart E Jr Mcclure
Reg Pres of Lakeland Bank
Reg Pres of Lakeland Bank Sale 9,905 $17.81 $176,408
2016-11-29
102,545
2016-11-23 Edward B Deutsch
Director
Director Sale 18,746 $17.33 $324,868
2016-11-23
0
2016-11-18 Edward B Deutsch
Director
Director Sale 20,000 $16.65 $333,000
2016-11-18
18,746
2016-11-16 Edward B Deutsch
Director
Director Sale 19,010 $16.42 $312,144
2016-11-16
28,746
2016-11-15 Edward B Deutsch
Director
Director Sale 990 $16.65 $16,484
2016-11-15
47,756
2016-11-15 Edward B Deutsch
Director
Director Sale 10,000 $16.50 $165,000
2016-11-15
48,746
2016-11-11 Stewart E Jr Mcclure
Reg Pres of Lakeland Bank
Reg Pres of Lakeland Bank Sale 15,560 $15.64 $243,358
2016-11-11
113,675
2016-11-08 Stewart E Jr Mcclure
Reg Pres of Lakeland Bank
Reg Pres of Lakeland Bank Sale 15,567 $14.44 $224,787
2016-11-08
129,235
2016-11-02 Edward B Deutsch
Director
Director Sale 55,604 $15.49 $861,306
2016-11-02
24,842
2016-10-31 Stewart E Jr Mcclure
Reg Pres of Lakeland Bank
Reg Pres of Lakeland Bank Option exercise 40,643 $7.01 $284,907
2016-10-31
180,598

Notable SEC filings of Lakeland Bancorp, Inc.

Date Contents
Source
2017-10-26 8-K Results of Operations and Financial Condition; Other Events; Financial Statements and Exhibits
2017-08-08 10-Q Quarterly report
2017-07-20 8-K Results of Operations and Financial Condition; Other Events; Financial Statements and Exhibits
2017-05-11 8-K Submission of Matters to a Vote of Security Holders
2017-05-09 10-Q Quarterly report
2017-04-27 8-K Results of Operations and Financial Condition; Other Events; Financial Statements and Exhibits
2017-03-16 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Financial Statements and Exhibits
2017-03-15 10-K Yearly report
2017-01-26 8-K Results of Operations and Financial Condition; Other Events; Financial Statements and Exhibits
2017-01-04 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Financial Statements and Exhibits
2016-12-14 8-K Other Events; Financial Statements and Exhibits
2016-12-09 8-K Entry into a Material Definitive Agreement; Regulation FD Disclosure; Other Events; Financial Statements and Exhibits
2016-11-08 10-Q Quarterly report
2016-10-26 8-K Results of Operations and Financial Condition; Other Events; Financial Statements and Exhibits
2016-09-30 8-K Entry into a Material Definitive Agreement; Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant; Other Events; Financial Statements and Exhibits
2016-08-09 10-Q Quarterly report
2016-08-01 8-K Regulation FD Disclosure; Financial Statements and Exhibits
2016-07-22 8-K Results of Operations and Financial Condition; Other Events; Financial Statements and Exhibits
2016-07-05 8-K Other Events; Financial Statements and Exhibits
2016-06-22 8-K Other Events; Financial Statements and Exhibits
2016-06-03 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Financial Statements and Exhibits
2016-05-19 8-K Submission of Matters to a Vote of Security Holders; Other Events; Financial Statements and Exhibits
2016-05-10 10-Q Quarterly report
2016-04-26 8-K Results of Operations and Financial Condition; Other Events; Financial Statements and Exhibits
2016-03-15 10-K Yearly report
2016-02-18 8-K Entry into a Material Definitive Agreement; Regulation FD Disclosure; Other Events; Financial Statements and Exhibits
Buy → Hold
Sandler O'Neill 27 April 2017

Lakeland executives

Insider Title Age Since Compensation
Thomas Shara (59)
President, Chief Executive Officer, Director since 2008
President, Chief Executive Officer, Director 59 2008 $1,382,510
Robert Vandenbergh (65)
Senior Executive Vice President of the Company and Regional President of Lakeland Bank since 2017
Senior Executive Vice President of the Company and Regional President of Lakeland Bank 65 2017 $849,537
Joseph Hurley (66)
IR Contact Officer since 2017
IR Contact Officer 66 2017 $566,875
Ronald Schwarz (62)
Chief Operating Officer, Chief Revenue Officer, Senior Executive Vice President since 2017
Chief Operating Officer, Chief Revenue Officer, Senior Executive Vice President 62 2017 $528,258
David Yanagisawa (65)
Executive Vice President, Chief Lending Officer since 2008
Executive Vice President, Chief Lending Officer 65 2008 $280,587
Mary Deacon (65)
Independent Chairman of the Board since 2011
Independent Chairman of the Board 65 2011 $170,246
Joseph O'Dowd (71)
Independent Director since 1998
Independent Director 71 1998 $104,643
Stephen Tilton (71)
Independent Director since 2001
Independent Director 71 2001 $104,417
Robert Nicholson (53)
Independent Director since 2003
Independent Director 53 2003 $102,575
Bruce Bohuny (48)
Independent Director since 2013
Independent Director 48 2013 $102,236
Robert McCracken (59)
Independent Director since 2004
Independent Director 59 2004 $101,834
Brian Flynn (57)
Independent Director since 2010
Independent Director 57 2010 $101,000
Janeth Hendershot (62)
Independent Director since 2004
Independent Director 62 2004 $97,337
Thomas Marino (69)
Independent Director since 2013
Independent Director 69 2013 $96,000
Lawrence Inserra (59)
Independent Director since 2016
Independent Director 59 2016 $96,000
Mark Fredericks (56)
Independent Director since 1994
Independent Director 56 1994 $93,772
Edward Deutsch (70)
Independent Director since 2013
Independent Director 70 2013 $93,000
Timothy Matteson (47)
Executive Vice President, General Counsel, Secretary since 2012
Executive Vice President, General Counsel, Secretary 47 2012
James Nigro (49)
Executive Vice President, Chief Risk Officer since 2016
Executive Vice President, Chief Risk Officer 49 2016
Thomas Splaine (51)
Chief Financial Officer, First Senior Vice President, Chief Accounting Officer of the Company and the Bank since 2017
Chief Financial Officer, First Senior Vice President, Chief Accounting Officer of the Company and the Bank 51 2017
Lakeland Bancorp, Inc. logo

Lakeland Bancorp, Inc. operates as the holding company for Lakeland Bank that provides financial products and services for individuals and small to medium sized businesses. It offers commercial banking depository products, including savings, money market, and time accounts, as well as demand deposits; lending solutions, such as short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, mortgage loans, small business administration loans, commercial real estate loans, commercial and industrial loans, and equipment financing solutions, as well as merchant credit card services; and wire transfer, Internet banking, mobile banking, night depository, and cash management services. The company also provides consumer banking services, including checking accounts, savings accounts, NOW accounts, money market accounts, certificates of deposit, secured and unsecured loans, consumer installment loans, mortgage loans, and safe deposit services. In addition, it offers investment and advisory services; and non-deposit products, which include securities brokerage services, including mutual funds and variable annuities. As of December 31, 2016, it operated 52 branch offices located in Bergen, Essex, Morris, Ocean, Passaic, Somerset, Sussex and Union counties in New Jersey; operates 6 New Jersey regional commercial lending centers in Bernardsville, Jackson, Montville, Newton, Teaneck, and Waldwick; and 2 commercial loan production offices serving Middlesex and Monmouth counties in New Jersey and the Hudson Valley region of New York. Lakeland Bancorp, Inc. was founded in 1969 and is headquartered in Oak Ridge, New Jersey.

  • Lakeland Bancorp, Inc., 250 Oak Ridge Road, Oak Ridge 07438, United States
  • lakelandbank.com
  • 973-697-2000

Quarterly EPS estimates

Profit margin

Debt to assets

Cash flow

Balance sheet

(in millions) 2017Q3 2017Q2 2017Q1 2016Q4
Current assets
Cash $998.013 $1,016.213 $998.239 $945.218
Short term investments
Net receivables $13.592 $13.192 $13.345 $12.557
Inventory
Other current assets
Total current assets
Long term investments $4,839.782 $4,830.417 $4,776.092 $4,595.413
Property, plant & equipment $49.699 $50.411 $51.286 $52.236
Goodwill $136.433 $136.433 $135.747 $135.747
Intangible assets $2.526 $2.631 $3.149 $3.344
Other assets $141.749 $124.522 $105.718 $102.934
Deferred long term asset charges
Total assets $5,399.481 $5,362.187 $5,247.815 $5,093.131
Current liabilities
Accounts payable
Short long term debt $330.499 $430.738 $258.275 $317.22
Other current liabilities $4,356.996 $4,227.204 $4,293.393 $4,092.835
Total current liabilities
Long term debt
Other liabilities $30.033 $31.858 $33.692 $28.248
Deferred long term liabilities
Minority interest
Total liabilities $4,822.4 $4,794.642 $4,690.173 $4,543.087
Stockholders' equity
Stock option warrants
Common stock $512.383 $511.967 $511.575 $510.861
Retained earnings $63.917 $54.969 $46.375 $38.59
Treasury stock
Capital surplus
Other stockholder equity $0.781 $0.609 -$0.308 $0.593
Total stockholder equity $577.081 $567.545 $557.642 $550.044
Net tangible assets $438.122 $428.481 $418.746 $410.953
(in millions) 2016 2015 2014
Current assets
Cash $945.218 $691.669 $684.587
Short term investments
Net receivables $12.557 $9.208 $8.896
Inventory
Other current assets
Total current assets
Long term investments $4,595.413 $3,494.648 $3,189.159
Property, plant & equipment $52.236 $35.881 $35.675
Goodwill $135.747 $109.974 $109.974
Intangible assets $3.344 $1.545 $1.96
Other assets $102.934 $85.714 $73.499
Deferred long term asset charges
Total assets $5,093.131 $3,869.55 $3,538.325
Current liabilities
Accounts payable
Short long term debt $317.22 $423.139 $311.433
Other current liabilities $4,092.835 $2,995.572 $2,790.819
Total current liabilities
Long term debt
Other liabilities $28.248 $19.085 $15.397
Deferred long term liabilities
Minority interest
Total liabilities $4,543.087 $3,469.034 $3,158.887
Stockholders' equity
Stock option warrants
Common stock $510.861 $386.287 $384.731
Retained earnings $38.59 $13.079 -$6.816
Treasury stock
Capital surplus
Other stockholder equity $0.593 $1.15 $1.523
Total stockholder equity $550.044 $400.516 $379.438
Net tangible assets $410.953 $288.997 $267.504

Income statement

(in millions) 2017Q3 2017Q2 2017Q1 2016Q4
Revenue
Total revenue $54.189 $53.323 $52.89 $48.844
Cost of revenue $4.443 $3.784 $3.334 $3.017
Gross profit
Operating expenses
Research & development
Selling, general & administrative $24.745 $25.176 $28.275 $24.57
Non-recurring
Other operating expenses $1.931 $2.017 $1.413 $0.577
Total operating expenses
Operating income
Income from continuing operations
Net other income
EBIT $23.07 $22.346 $19.868 $20.68
Interest expense $2.177 $2.007 $2.139 $2.487
Income before tax $20.893 $20.339 $17.729 $18.193
Income tax expense $7.17 $6.969 $5.417 $6.24
Minority interest
Net income from continuing ops $13.723 $13.37 $12.312 $11.953
Non-recurring events
Discontinued operations
Extraordinary items
Effect of accounting change
Other items
Net income
EBITDA $13.723 $13.37 $12.312 $11.953
Income (for common shares) $13.723 $13.37 $12.312 $11.953
(in millions) 2016 2015 2014
Revenue
Total revenue $184.626 $148.675 $140.225
Cost of revenue $10.512 $5.755 $5.064
Gross profit
Operating expenses
Research & development
Selling, general & administrative $95.08 $85.644 $78.671
Non-recurring $4.103 $1.152 $1.152
Other operating expenses $4.957 $2.357 $6.329
Total operating expenses
Operating income
Income from continuing operations
Net other income
EBIT $69.974 $53.767 $50.161
Interest expense $7.135 $5.119 $3.873
Income before tax $62.839 $48.648 $46.288
Income tax expense $21.321 $16.167 $15.159
Minority interest
Net income from continuing ops $41.518 $32.481 $31.129
Non-recurring events
Discontinued operations
Extraordinary items
Effect of accounting change
Other items
Net income
EBITDA $41.518 $32.481 $31.129
Income (for common shares) $41.518 $32.481 $31.129

Cash flow

(in millions) 2017Q3 2017Q2 2017Q1 2016Q4
Net income $13.723 $13.37 $12.312 $11.953
Operating activities
Depreciation $2.646 $2.375 $2.503 $2.508
Net income adjustments $1.515 $1.31 $2.146 $1.24
Change in accounts receivable
Changes in liabilities -$1.79 -$3.479 $5.467 -$6.251
Changes in inventory
Changes in other operating activities -$1.108 -$0.598 -$4.074 $1.607
Total cash flow from operations $14.121 $13.339 $19.727 $12.551
Investing activities
Capital expenditures -$0.746 -$0.514 -$0.81 -$1.126
Investments -$5.163 -$64.565 -$182.208 -$222.315
Other cash flows from investing -$16.087 -$14.857 $3.702 $1.5
Total cash flows from investing -$21.996 -$79.936 -$179.316 -$221.941
Financing activities
Dividends paid -$4.775 -$4.776 -$4.527 -$4.266
Sale and purchase of stock -$0.004 -$0.456 $48.953
Net borrowings -$100.05 $172.673 -$61.562 -$6.186
Other cash flows from financing $129.935 -$66.02 $200.739 $151.339
Total cash flows from financing $25.11 $101.873 $134.194 $189.84
Effect of exchange rate
Change in cash and equivalents $17.235 $35.276 -$25.395 -$19.55
(in millions) 2016 2015 2014
Net income $41.518 $32.481 $31.129
Operating activities
Depreciation $9.276 $7.976 $7.374
Net income adjustments $2.754 $1.659 $6.357
Change in accounts receivable
Changes in liabilities $1.618 $3.691 $0.495
Changes in inventory
Changes in other operating activities -$6.587 -$6.081 -$0.913
Total cash flow from operations $50.073 $40.766 $45.629
Investing activities
Capital expenditures -$3.977 -$4.838 -$2.492
Investments -$513.223 -$316.589 -$219.666
Other cash flows from investing $74.446 -$3.51 $1.602
Total cash flows from investing -$442.754 -$324.937 -$220.556
Financing activities
Dividends paid -$16.007 -$12.586 -$10.836
Sale and purchase of stock $48.757 -$0.108 $0.063
Net borrowings -$98.241 $101.129 $110.442
Other cash flows from financing $515.48 $204.913 $81.853
Total cash flows from financing $449.989 $293.348 $181.522
Effect of exchange rate
Change in cash and equivalents $57.308 $9.177 $6.595
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