Revenue Update on Lakeland Bancorp(NASDAQ:LBAI)

Lakeland Bancorp(NASDAQ:LBAI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 22, 2016. Company reported revenue of $39.99M. Analysts estimated a revenue of $39.10M. Earnings per share were $0.26. Analysts had estimated an EPS of $0.24.

Lakeland Bancorp (LBAI) shares turned negative on Thursdays trading session with the shares closing down -0.06 points or -0.50% at a volume of 33,059. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $12.18. The peak price level was also seen at $12.18 while the days lowest was $12.02. Finally the shares closed at $12.03. The 52-week high of the shares is $12.5 while the 52-week low is $9.72. According to the latest information available, the market cap of the company is $496 M.

Several Insider Transactions has been reported to the SEC. On May 26, 2016, Timothy J Matteson (EVP and General Counsel) sold 4,500 shares at $11.41 per share price.Also, On Mar 1, 2016, Bruce D. Bohuny (director) purchased 800 shares at $10.10 per share price.On Feb 25, 2016, Stephen R Sr Tilton (director) purchased 5,000 shares at $10.07 per share price, according to the Form-4 filing with the securities and exchange commission.

Lakeland Bancorp Inc. is a bank holding company whose principal activity is the ownership and management of its wholly owned subsidiary Lakeland Bank (Lakeland). Lakeland operates under a state bank charter and provides full banking services and as a state bank is subject to regulation by the New Jersey Department of Banking and Insurance. Lakeland generates commercial mortgage and consumer loans and receives deposits from customers located primarily in Northern and Central New Jersey. Lakeland also provides non-deposit products such as securities brokerage services including mutual funds and variable annuities. Through Lakeland 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.

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