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Lakeland Bancorp (LBAI)

Lakeland Bank is the wholly-owned subsidiary of Lakeland Bancorp, Inc., which had $7.66 billion in total assets at December 31, 2020. With an extensive branch network and commercial lending centers throughout New Jersey and Highland Mills, N.Y., the Bank offers business and retail banking products and services. Business services include commercial loans and lines of credit, commercial real estate loans, loans for healthcare services, asset-based lending, equipment financing, small business loans and lines and cash management services. Consumer services include online and mobile banking, home equity loans and lines, mortgage options and wealth management solutions. Lakeland is proud to be recognized as one of New Jersey's Best-In State Banks by Forbes and Statista, rated a 5-Star Bank by Bauer Financial and named one of New Jersey's 50 Fastest Growing Companies by NJBIZ.

Company profile

Ticker
LBAI
Exchange
CEO
Thomas Shara
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
Lakeland NJ Investment Corporation • Lakeland Investment Corporation • Lakeland Equity, Inc. • Lakeland Preferred Equity, Inc. • NBSC Holdings, Inc. • NBSC Properties, Inc. • Lakeland Title Group LLC • Lakeland Financial Services Agency, Inc. • HSB Investment Co. Inc. • 1st Constitution Investment Company ...
IRS number
222953275

LBAI stock data

Analyst ratings and price targets

Last 3 months

Calendar

9 May 22
17 May 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Mar 22 Ho-Sing-Loy Paul Common Stock Payment of exercise Dispose F No No 17.23 886 15.27K 37,762
27 Feb 22 Ronald E Schwarz Common Stock Payment of exercise Dispose F No No 18.36 6,044 110.97K 134,789
27 Feb 22 Thomas Splaine Jr Common Stock Payment of exercise Dispose F No No 18.36 5,671 104.12K 86,978
27 Feb 22 Ho-Sing-Loy Paul Common Stock Payment of exercise Dispose F No No 18.36 726 13.33K 38,648
27 Feb 22 James M. Nigro Common Stock Payment of exercise Dispose F No No 18.36 4,906 90.07K 84,825
49.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 163 152 +7.2%
Opened positions 23 16 +43.8%
Closed positions 12 17 -29.4%
Increased positions 45 54 -16.7%
Reduced positions 51 44 +15.9%
13F shares Current Prev Q Change
Total value 3.29B 2.48B +32.6%
Total shares 31.96M 31.42M +1.7%
Total puts 0 0
Total calls 34.6K 47.1K -26.5%
Total put/call ratio
Largest owners Shares Value Change
BLK Blackrock 4.55M $86.46M +10.6%
FJ Capital Management 3.14M $59.59M +1.3%
Dimensional Fund Advisors 3.1M $58.85M -0.5%
Vanguard 2.85M $54.1M -3.1%
Systematic Financial Management 1.59M $30.27M -3.8%
STT State Street 1.34M $25.45M -4.3%
Geode Capital Management 877.17K $16.66M +0.8%
NTRS Northern Trust 832.45K $15.81M -1.5%
Banc Funds 732.94K $13.92M -6.1%
Maltese Capital Management 725K $13.77M -11.5%
Largest transactions Shares Bought/sold Change
BLK Blackrock 4.55M +436.51K +10.6%
BMO Bank of Montreal 0 -292.94K EXIT
AMP Ameriprise Financial 229.85K +147.26K +178.3%
Susquehanna International 108.73K +108.73K NEW
Millennium Management 221.23K +106.45K +92.7%
Maltese Capital Management 725K -94.4K -11.5%
Assenagon Asset Management 91.98K +91.98K NEW
Vanguard 2.85M -91.67K -3.1%
Renaissance Technologies 447.1K -89.3K -16.6%
Aqr Capital Management 0 -75.9K EXIT

Financial report summary

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Risks
  • Our allowance for credit losses on loans may not be adequate to cover actual losses.
  • The concentration of our commercial real estate loan portfolio may subject us to increased regulatory analysis, or otherwise adversely affect our business and operating results.
  • Our mortgage banking operations expose us to risks that are different than the risks associated with our retail banking operations.
  • We are subject to various lending and other economic risks that could adversely affect our results of operations and financial condition.
  • We may suffer losses in our loan portfolio despite our underwriting practices.
  • We are subject to interest rate risk and variations in interest rates that may negatively affect our financial performance.
  • A decrease in our ability to borrow funds could adversely affect our liquidity.
  • Public funds deposits are an important source of funds for us and a reduced level of those deposits may hurt our profits and liquidity.
  • The transition from LIBOR as a reference rate may adversely impact our net income.
  • The occurrence of any failure, breach, or interruption in service involving our systems or those of our service providers could damage our reputation, cause losses, increase our expenses, and result in a loss of customers, an increase in regulatory scrutiny, or expose us to civil litigation and possibly financial liability, any of which could adversely impact our financial condition, results of operations and the market price of our stock.
  • The inability to stay current with technological change could adversely affect our business model.
  • Our operations rely on certain third party vendors.
  • Lakeland’s ability to pay dividends is subject to regulatory limitations which, to the extent that our holding company requires such dividends in the future, may affect our holding company’s ability to pay its obligations and pay dividends to shareholders.
  • The Company is subject to heightened regulatory requirements as a result of total assets exceeding $10 billion.
  • The effect of future tax reform is uncertain and may adversely affect our business.
  • Severe weather, acts of terrorism, geopolitical and other external events could impact our ability to conduct business.
  • The outbreak of COVID-19 could continue to materially, adversely affect our business operations, financial condition, results of operations and cash flows.
  • An outbreak of any other epidemic, pandemic or outbreak of a highly contagious disease, occurring in the United States or in the geographies in which we conduct operations could materially adversely affect our business operations, financial condition, results of operations and cash flows.
  • We face intense competition from other financial services and financial services technology companies, and competitive pressures could adversely affect our business or financial performance.
  • The Company may incur impairment to goodwill.
  • We could be adversely affected by failure in our internal controls.
  • Our risk management strategies may not be fully effective in mitigating our risk exposures in all market environments or against all types of risk.
  • The inability to attract and retain key personnel could adversely affect our Company’s business.
  • The accuracy of our financial statements and related disclosures could be affected if the judgments, assumptions or estimates used in our critical accounting policies are inaccurate.
  • If we do not successfully integrate any banks that we have acquired and may acquire in the future, the combined company may be adversely affected.

Content analysis

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