Lakeland Bancorp, Inc. (NASDAQ:LBAI) a Buy: Raymond James

In a research note issued to investors, Anthony Polini at Raymond James Lakeland Bancorp, Inc. (NASDAQ:LBAI) to a Buy. In the year following Polini’s ratings, the stocks covered yield an average return of 4.0% according to In the past year 21 out of 39 recommendations or 54% were successful.

Wall Street sell-side analysts have placed a $12.75 one year price target on Lakeland Bancorp, Inc. (NASDAQ:LBAI). This is the consensus average based on 2 firms who have recently issued reports on the equity.

The average recommendation is the arithmetical average of the individual analyst ratings contributed by sell-side research to produce a Consensus Analyst Rating for each stock. On a scale of 1 to 5 where 1 represents a Strong Buy and 5 represents a Strong Sell,Lakeland Bancorp, Inc. (NASDAQ:LBAI) is ranked 2 based on 2 broker recommendations. Of the 2 analyst estimates, the most bullish sees the stock reaching $13 within the next 12 months while the most bearish analyst sees the stock at $12.5 within the year.

Taking a look at the long term growth prospects of the stock, sell-side analysts have a consensus mean earnings per share estimate for the current year of $N/A. The high end estimate for this time frame is $N/A with the low being $N/A.

According to analysts, Lakeland Bancorp, Inc. (NASDAQ:LBAI) is expected to report earnings per share for the current fiscal quarter of $0.23. This is the consensus mean estimate based on the individual covering sell-side firm’s reported numbers. The company last reported earnings for the period ending on 2015-03-31 of $0.22.

Lakeland Bancorp, Inc. (Lakeland Bancorp) is a bank holding company of Lakeland Bank (the Bank or Lakeland). Through the Bank, the Company operates 47 banking offices, located in Morris, Passaic, Sussex, Warren, Essex and Bergen countries in New Jersey. Lakeland offers a range of lending services, including commercial loans and leases, real estate and consumer loans to small and medium-sized businesses, professionals and individuals located in its markets. As of December 31, 2011, the Company had total consolidated deposits of .2 billion, and total consolidated loans, (net of the allowance for loan and lease losses), of billion. In May 2013, Lakeland Bancorp Inc announced its acquisition by merger of Somerset Hills Bancorp the parent company of Somerset Hills Bank. Pursuant to which Somerset Hills Bank merged with and into Lakeland Bank.