The Reg Pres of Lakeland Bank of Lakeland Bancorp (NASDAQ: LBAI) is Selling Shares

By Carrie Williams

Today, the Reg Pres of Lakeland Bank of Lakeland Bancorp (NASDAQ: LBAI), Stewart Mcclure, sold shares of LBAI for $243.4K.

Following Stewart Mcclure’s last LBAI Sell transaction on November 10, 2016, the stock climbed by 1.2%. In addition to Stewart Mcclure, one other LBAI executive reported Sell trades in the last month.

Based on Lakeland Bancorp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $49.42 million and quarterly net profit of $11.21 million. In comparison, last year the company earned revenue of $36.92 million and had a net profit of $7.76 million. The company has a one year high of $16.65 and a one year low of $9.72. LBAI’s market cap is $704.4M and the company has a P/E ratio of 18.19.

The insider sentiment on Lakeland Bancorp has been negative according to 45 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Lakeland Bancorp, Inc. operates as a bank holding company, which provides services through its wholly-owned subsidiary Lakeland Bank. The bank offers a full range of lending services, including commercial loans and leases, real estate and consumer loans to small and medium-sized businesses, professionals and individuals located in its markets. It offers commercial bank services, consumer banking and other services. The commercial bank services include short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, mortgage loans and merchant credit card services. The consumer banking services include checking accounts, savings accounts, NOW accounts, money market accounts, certificates of deposit, internet banking, secured and unsecured loans, consumer installment loans, mortgage loans, and safe deposit services. The other services include investment and advisory services for individuals and businesses are also available. Lakeland Bancorp was founded in March 1989 and is headquartered in Oak Ridge, NJ