Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Lakeland Bancorp, Inc. before investing.

In this article, we go over a few key elements for understanding Lakeland Bancorp, Inc.’s stock price such as:

• Lakeland Bancorp, Inc.’s current stock price and volume
• Why Lakeland Bancorp, Inc.’s stock price changed recently
• Upgrades and downgrades for LBAI from analysts
• LBAI’s stock price momentum as measured by its relative strength

About Lakeland Bancorp, Inc. (LBAI)

Before we jump into Lakeland Bancorp, Inc.’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Lakeland Bancorp, Inc. is a bank holding company for Lakeland Bank (the Bank). The Bank offers a suite of financial products and services for businesses and consumers. The Company offers a range of lending, depository, and related financial services to individuals and small to medium sized businesses located primarily in northern and central New Jersey, the Hudson Valley region in New York and surrounding areas. The Bank provides services in three categories: commercial bank services, consumer banking and other services. The Bank offers a range of lending services include commercial real estate loans, commercial and industrial loans, short- and medium-term loans, letters of credit, and others. Its consumer banking services include checking accounts, savings accounts, money market accounts, certificates of deposit, online banking and other. In addition, the Bank provides commercial title insurance services and life insurance products. The Bank operates approximately 68 branch offices.

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Lakeland Bancorp, Inc.’s Stock Price as of Market Close

As of March 26, 2024, 4:00 PM, CST, Lakeland Bancorp, Inc.’s stock price was $11.46.

Lakeland Bancorp, Inc. is down 7.13% from its previous closing price of $12.34.

During the last market session, Lakeland Bancorp, Inc.’s stock traded between $12.19 and $12.40. Currently, there are 65.07 million shares of Lakeland Bancorp, Inc. stock available for purchase.

Lakeland Bancorp, Inc.’s price-earnings (P/E) ratio is currently at 9.6, which is low compared to the Banks industry median of 9.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Lakeland Bancorp, Inc. Stock Price History

Lakeland Bancorp, Inc.’s (LBAI) price is currently down 1.88% so far this month.

During the month of March, Lakeland Bancorp, Inc.’s stock price has reached a high of $12.66 and a low of $11.33.

Over the last year, Lakeland Bancorp, Inc. has hit prices as high as $16.50 and as low as $10.65. Year to date, Lakeland Bancorp, Inc.’s stock is down 34.92%.

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What Caused Lakeland Bancorp, Inc. Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 25, 2024, there was 1 analyst who downgraded Lakeland Bancorp, Inc.’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Lakeland Bancorp, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Lakeland Bancorp, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Lakeland Bancorp, Inc.’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Lakeland Bancorp, Inc. (LBAI) by visiting AAII Stock Evaluator.

Relative Price Strength of Lakeland Bancorp, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 25, 2024, Lakeland Bancorp, Inc. has a weighted four-quarter relative price strength of -14.31%, which translates to a Momentum Score of 25 and is considered to be Weak.

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Lakeland Bancorp, Inc. Stock Price: Bottom Line

As of March 26, 2024, Lakeland Bancorp, Inc.’s stock price is $11.46, which is down 7.13% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Lakeland Bancorp, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.