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Investing in Lakeland Bancorp, Inc. (LBAI): What You Must Know

Lakeland Bancorp, Inc.’s filing revealed that its Director MCCRACKEN ROBERT E acquired Company’s shares for reported $46186.0 on Feb 15 ’24. In the deal valued at $12.62 per share,3,661 shares were bought. As a result of this transaction, MCCRACKEN ROBERT E now holds 75,277 shares worth roughly $0.92 million.

Then, Ho-Sing-Loy Paul sold 2,000 shares, generating $28,326 in total proceeds. Upon selling the shares at $14.16, the EVP Chief Information Officer now owns 38,449 shares.

Before that, DEACON MARY ANN bought 10 shares. Lakeland Bancorp, Inc. shares valued at $149 were divested by the Director at a price of $14.89 per share. As a result of the transaction, DEACON MARY ANN now holds 39,349 shares, worth roughly $0.48 million.

Raymond James downgraded its Lakeland Bancorp, Inc. [LBAI] rating to an Outperform from a a Strong buy in a research note published on July 07, 2022; the price target was decreased to $17 from $20. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in late April from “an Outperform” to “a Strong buy”. Raymond James also remained covering LBAI and has increased its forecast on June 17, 2020 with a “an Outperform” recommendation from previously “Mkt perform” rating. Piper Sandler revised its rating on May 01, 2020. It rated LBAI as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of LBAI

On Tuesday, Lakeland Bancorp, Inc. [NASDAQ:LBAI] saw its stock fall -1.61% to $12.19. Over the last five days, the stock has lost -5.14%. Lakeland Bancorp, Inc. shares have fallen nearly -17.58% since the year began. Nevertheless, the stocks have fallen -14.99% over the past one year. While a 52-week high of $16.00 was reached on 01/02/24, a 52-week low of $10.65 was recorded on 04/10/24. SMA at 50 days reached $11.98, while 200 days put it at $13.00. A total of 0.21 million shares were traded, compared to the trading of 0.16 million shares in the previous session.

Levels Of Support And Resistance For LBAI Stock

The 24-hour chart illustrates a support level at 12.10, which if violated will result in even more drops to 12.02. On the upside, there is a resistance level at 12.32. A further resistance level may holdings at 12.46. The Relative Strength Index (RSI) on the 14-day chart is 51.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.69%. Stochastics %K at 74.46% indicates the stock is a holding.

The most recent change occurred on August 27, 2019 when DA Davidson began covering the stock and recommended ‘”a Buy”‘ rating .

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