Keeping an Eye on Lakeland Bancorp Inc. (LBAI) After Insider Trading Activity


Lakeland Bancorp Inc.’s recent filing unveils that its EVP Chief Information Officer Ho-Sing-Loy Paul unloaded Company’s shares for reported $28326.0 on Aug 15. In the deal valued at $14.16 per share,2,000 shares were sold. As a result of this transaction, Ho-Sing-Loy Paul now holds 38,449 shares worth roughly $ 0.53 million.

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Then, DEACON MARY ANN bought 10 shares, generating $149 in total proceeds. Upon buying the shares at $14.89, the Director now owns 39,349 shares.

Before that, Gragnolati Brian bought 4,355 shares. Lakeland Bancorp Inc. shares valued at $74,688 were divested by the Director at a price of $17.15 per share. As a result of the transaction, Gragnolati Brian now holds 28,203 shares, worth roughly $0.39 million.

Raymond James downgraded its Lakeland Bancorp Inc. [LBAI] rating to an Outperform from a a Strong buy in a research note published on Friday, July 07, 2022; the price target was decreased to $17 from $20. PT values the company’s stock at a premium of 18.88 to its Friday closing price.

Price Performance Review of LBAI

On Friday, Lakeland Bancorp Inc. [NASDAQ:LBAI] saw its stock jump 2.07% to $13.79. On the same session, the stock had its day’s lowest price of $13.59, but rose to a high of $13.85. Over the last five days, the stock has gained 3.61%. Lakeland Bancorp Inc. shares have fallen nearly -21.69% since the year began. Nevertheless, the stocks have fallen -15.35% over the past one year. While a 52-week high of $20.02 was reached on 02/07/23, a 52-week low of $11.89 was recorded on 05/04/23. SMA at 50 days reached $14.19, while 200 days put it at $16.00. A total of 0.11 million shares were traded, compared to the trading of 0.15 million shares in the previous session.

Levels Of Support And Resistance For LBAI Stock

The 24-hour chart illustrates a support level at 13.64, which if violated will result in even more drops to 13.48. On the upside, there is a resistance level at 13.90. A further resistance level may holdings at 14.00. The Relative Strength Index (RSI) on the 14-day chart is 46.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.64%. Stochastics %K at 37.24% indicates the stock is a holding.

How much short interest is there in Lakeland Bancorp Inc.?

A steep rise in short interest was recorded in Lakeland Bancorp Inc. stocks on Aug 14, 2023, dropping by -0.29 million shares to a total of 1.46 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.75 million shares. There was a decline of -19.86%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.37% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.14.

Lakeland Bancorp Inc. [LBAI] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 4,957,260 shares, or roughly 7.62% of the outstanding LBAI shares. In other words, the investor’s shares have risen by 181,391 from its previous 13-F filing of 4775869.0. Additionally, Dimensional Fund Advisors LP decreased -1.66% of its stake after which the total value it holdings stand at $53,998,501, while The Vanguard Group, Inc. reduced -2.60% of its stake to hold $52.57 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 110,019 shares of Lakeland Bancorp Inc., while Systematic Financial Management L bought -22,545 shares. At present, Geode Capital Management LLC is holding 1,327,394 shares valued at $20.06 million. Citigroup Global Markets, Inc. owned 908,506 shares of the company at the time of its most recent 13F filing, worth $13.73 million.

However, 2 analysts have rated LBAI stock as a Hold in their predictions for 2023.


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