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LBAI Lakeland Bancorp

Lakeland Bancorp, Inc. is a bank holding company, which provision of lending, depository and related financial services. It also offers a broad range of consumer banking services, including checking accounts, savings accounts, interest-bearing checking accounts, money market accounts, certificates of deposit, internet banking, secured and unsecured loans, consumer installment loans, mortgage loans, and safe deposit services. Its loan portfolio comprises of commercial, secured by real estate; commercial, industrial, and other; equipment finance; real estate residential mortgage; real estate construction; and home equity and consumer. The company was founded in March 1989 and is headquartered in Oak Ridge, NJ.

Company profile

LBAI stock data

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Calendar

8 Mar 21
17 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 270.09M 270.09M 270.09M 270.09M 270.09M 270.09M
Cash burn (monthly) 25.28M 1.02M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 90.16M 3.65M n/a n/a n/a n/a
Cash remaining 179.93M 266.44M n/a n/a n/a n/a
Runway (months of cash) 7.1 260.3 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
17 Mar 21 Mccracken Robert E Common Stock Other Aquire J Yes No 0 2,087 0 19,084
17 Mar 21 Mccracken Robert E Common Stock Other Aquire J No No 0 42 0 46,913
1 Mar 21 Ho-Sing-Loy Paul Common Stock Payment of exercise Dispose F No No 16.38 1,183 19.38K 21,797
1 Mar 21 John F Rath Common Stock Payment of exercise Dispose F No No 16.38 324 5.31K 34,748
1 Mar 21 Ellen Lalwani Common Stock Payment of exercise Dispose F No No 16.38 467 7.65K 28,968
27 Feb 21 Ronald E Schwarz Common Stock Payment of exercise Dispose F No No 15.68 3,463 54.3K 106,969

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

58.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 151 143 +5.6%
Opened positions 18 13 +38.5%
Closed positions 10 20 -50.0%
Increased positions 50 39 +28.2%
Reduced positions 37 53 -30.2%
13F shares
Current Prev Q Change
Total value 491.7M 917.14M -46.4%
Total shares 29.34M 28.59M +2.6%
Total puts 0 15.2K EXIT
Total calls 0 0
Total put/call ratio Infinity
Largest owners
Shares Value Change
BLK Blackrock 3.99M $50.63M +1.3%
Dimensional Fund Advisors 3.16M $40.19M -0.3%
Vanguard 2.5M $31.79M +2.3%
Systematic Financial Management 1.27M $16.13M +1.4%
NTRS Northern Trust 1.25M $15.81M -1.9%
Banc Funds 1.13M $14.35M +1.7%
STT State Street 1.09M $13.83M -0.9%
Maltese Capital Management 1.02M $12.93M -7.1%
Renaissance Technologies 915.5K $11.63M -4.6%
Kennedy Capital Management 837.41K $10.64M +5.9%
Largest transactions
Shares Bought/sold Change
Mcrae Capital Management 0 -263.37K EXIT
JPM JPMorgan Chase & Co. 483.82K +166.31K +52.4%
Northwestern Mutual Wealth Management 143.88K +143.88K NEW
Highlander Capital Management 122.93K +122.93K NEW
Acadian Asset Management 26.48K -119.16K -81.8%
Assenagon Asset Management 94.14K -106.29K -53.0%
M3F 324.03K +83.62K +34.8%
Maltese Capital Management 1.02M -77.9K -7.1%
MS Morgan Stanley 255.64K +75.68K +42.1%
PGC Peapack-Gladstone Financial 72.27K +72.27K NEW

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 litigation, regulatory enforcement and reputation risk due to our participation in PPP and we are subject to the risk that the SBA may not fund some or all PPP loan guarantees.
  • 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.
  • 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 effect of future tax reform is uncertain and may adversely affect our business.
  • Severe weather, acts of terrorism 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 may acquire in the future, the combined company may be adversely affected.
Content analysis
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