Hsbc Holdings PLC Has $859,000 Stock Position in Lakeland Bancorp, Inc. (NASDAQ:LBAI)

Hsbc Holdings PLC boosted its holdings in shares of Lakeland Bancorp, Inc. (NASDAQ:LBAI) by 3.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 57,924 shares of the financial services provider’s stock after buying an additional 1,866 shares during the period. Hsbc Holdings PLC’s holdings in Lakeland Bancorp were worth $859,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Quest Partners LLC acquired a new position in Lakeland Bancorp during the fourth quarter valued at $123,000. Trexquant Investment LP increased its position in Lakeland Bancorp by 60.0% in the 4th quarter. Trexquant Investment LP now owns 32,250 shares of the financial services provider’s stock worth $477,000 after purchasing an additional 12,089 shares during the last quarter. Private Wealth Management Group LLC acquired a new position in Lakeland Bancorp in the 4th quarter worth about $47,000. Quadrant Capital Group LLC increased its position in Lakeland Bancorp by 1,242.1% in the 4th quarter. Quadrant Capital Group LLC now owns 4,429 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 4,099 shares during the last quarter. Finally, Alpine Associates Management Inc. increased its position in Lakeland Bancorp by 0.7% in the 4th quarter. Alpine Associates Management Inc. now owns 508,624 shares of the financial services provider’s stock worth $7,523,000 after purchasing an additional 3,600 shares during the last quarter. 59.62% of the stock is owned by institutional investors and hedge funds.

Lakeland Bancorp Stock Up 1.6 %

Shares of NASDAQ LBAI traded up $0.20 during mid-day trading on Thursday, reaching $12.66. 173,395 shares of the company traded hands, compared to its average volume of 311,731. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $824.80 million, a PE ratio of 9.79 and a beta of 0.82. The company’s fifty day moving average is $11.97 and its two-hundred day moving average is $12.73. Lakeland Bancorp, Inc. has a fifty-two week low of $10.65 and a fifty-two week high of $16.00.

Lakeland Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Monday, April 29th will be issued a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend is Friday, April 26th. Lakeland Bancorp’s dividend payout ratio is 45.31%.

Analyst Upgrades and Downgrades

LBAI has been the topic of several research reports. Keefe, Bruyette & Woods dropped their target price on Lakeland Bancorp from $16.65 to $14.15 and set a “market perform” rating on the stock in a research report on Tuesday, April 23rd. StockNews.com raised Lakeland Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, April 23rd.

Lakeland Bancorp Company Profile

Lakeland Bancorp, Inc operates as the bank holding company for Lakeland Bank that provides financial products and services for businesses and consumers. It provides commercial banking services, including savings, money market, and time accounts, as well as demand deposits. The company also offers lending services, including commercial real estate loans, commercial and industrial loans, short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, residential mortgage loans, small business administration loans, and merchant credit card services; financing solutions to small and medium-sized companies; online banking, mobile banking, and wire transfer services to the business community and municipal relationships; and cash management services, such as remote capture of deposits and overnight sweep repurchase agreements.