SG Americas Securities LLC Makes New $560,000 Investment in Lakeland Bancorp, Inc. (NASDAQ:LBAI)

SG Americas Securities LLC acquired a new position in shares of Lakeland Bancorp, Inc. (NASDAQ:LBAI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 31,747 shares of the financial services provider’s stock, valued at approximately $560,000. SG Americas Securities LLC owned about 0.06% of Lakeland Bancorp as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LBAI. Berman Capital Advisors LLC grew its holdings in Lakeland Bancorp by 56.6% during the 2nd quarter. Berman Capital Advisors LLC now owns 2,867 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 1,036 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Lakeland Bancorp during the 2nd quarter valued at about $186,000. Metropolitan Life Insurance Co NY lifted its position in Lakeland Bancorp by 85,223.1% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 11,092 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 11,079 shares during the period. Beacon Pointe Advisors LLC acquired a new position in Lakeland Bancorp during the 2nd quarter valued at about $235,000. Finally, Susquehanna International Group LLP acquired a new position in Lakeland Bancorp during the 2nd quarter valued at about $337,000. 62.07% of the stock is currently owned by hedge funds and other institutional investors.

Lakeland Bancorp stock opened at $20.43 on Friday. The company’s 50-day moving average is $18.88 and its two-hundred day moving average is $17.68. Lakeland Bancorp, Inc. has a 1 year low of $12.79 and a 1 year high of $20.69. The company has a market cap of $1.03 billion, a PE ratio of 11.48 and a beta of 0.92. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.26.

Lakeland Bancorp (NASDAQ:LBAI) last issued its earnings results on Monday, October 25th. The financial services provider reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The firm had revenue of $64.81 million during the quarter, compared to the consensus estimate of $65.38 million. Lakeland Bancorp had a net margin of 32.78% and a return on equity of 11.67%. During the same quarter in the prior year, the firm earned $0.28 earnings per share. Research analysts forecast that Lakeland Bancorp, Inc. will post 1.87 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 15th. Investors of record on Friday, November 5th were given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Thursday, November 4th. Lakeland Bancorp’s dividend payout ratio is currently 30.34%.

Separately, Zacks Investment Research downgraded shares of Lakeland Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, October 27th.

Lakeland Bancorp Company Profile

Lakeland Bancorp, Inc is a bank holding company, which engages in the provision of lending, depository, and related financial services. Its consumer banking services include 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.

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Institutional Ownership by Quarter for Lakeland Bancorp (NASDAQ:LBAI)

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