Sell-side Wall Street brokerage firms are projecting that Lakeland Bancorp, Inc. (NASDAQ:LBAI) will post earnings of $0.26 per share when the company releases their quarterly report today.
In the most recent quarter Lakeland Bancorp, Inc. (NASDAQ:LBAI) reported a surprise factor of 0%. The actual number was $0 away from the Zacks consensus just prior to the actual release. A significant surprise factor can lead to stock swings in the price in the hours and days following the earnings report.
Research analysts covering shares of Lakeland Bancorp, Inc. (NASDAQ:LBAI) are anticipating on a consensus basis that the stock will reach $21.5 within the next 52 weeks. Of the analysts providing short term targets, the most bullish analyst has a $21.5 target on the stock. On the other end, the most conservative has a short term target of $21.5. This is based on the 1 analysts taken into consideration by Zacks. The consensus price target was last revised on 2017-04-28.
Zacks also provides a simplified scale for analyst recommendations. They use a one to five scale where they translate brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 represents a consensus Sell rating. Lakeland Bancorp, Inc. (NASDAQ:LBAI) currently has an ABR of 3 heading into today’s announcement. This number is also based on the 1 sell-side firms polled by Zacks.
Investors have the ability to approach the stock market from various angles. This may include using technical analysis, fundamental analysis, or a combination or the two. Investors watching the technical levels may be trying to chart patterns and discover trends in stock price movement. Investors tracking the fundamentals may be looking closely at many different factors. They may be focused on industry performance, earnings estimates, dividend payouts, and other factors. They might also be studying how the company is run, and trying to figure out the true value of the firm. Keeping track of all the data may seem overwhelming, but it may help give a needed boost to the portfolio.
This article is informational purposes only and should not be considered a recommendation to buy or sell Lakeland Bancorp, Inc..