Verus Financial Partners buys $188,330 stake in Lakeland Bancorp (LBAI)

Lakeland Bancorp (LBAI) : Verus Financial Partners scooped up 102 additional shares in Lakeland Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 14,065 shares of Lakeland Bancorp which is valued at $188,330.Lakeland Bancorp makes up approximately 0.08% of Verus Financial Partners’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in LBAI by selling 1,597 shares or 79.37% in the most recent quarter. The Hedge Fund company now holds 415 shares of LBAI which is valued at $5,557.Legal General Group Plc boosted its stake in LBAI in the latest quarter, The investment management firm added 1,153 additional shares and now holds a total of 7,271 shares of Lakeland Bancorp which is valued at $99,176.Genesee Valley Trust Co reduced its stake in LBAI by selling 179 shares or 1.57% in the most recent quarter. The Hedge Fund company now holds 11,233 shares of LBAI which is valued at $153,218. Lakeland Bancorp makes up approx 0.10% of Genesee Valley Trust Co’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in LBAI in the latest quarter, The investment management firm added 1,074 additional shares and now holds a total of 2,640 shares of Lakeland Bancorp which is valued at $36,458.

Lakeland Bancorp closed down -0.21 points or -1.52% at $13.64 with 90,662 shares getting traded on Tuesday. Post opening the session at $13.86, the shares hit an intraday low of $13.61 and an intraday high of $13.94 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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