Lakeland Bancorp: Strong Loan Growth To Drive Earnings

Sep. 02, 2022 12:16 AM ETLakeland Bancorp, Inc. (LBAI)1 Comment
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Sheen Bay Research


  • Loan growth will depend on New Jersey and New York’s economic factors. Further, M&A disruption will provide a good opportunity for loan growth.
  • Provisioning will likely be elevated in the next few quarters due to the high-inflation environment. Moreover, the existing allowance level is not high enough.
  • The December 2022 target price suggests a high upside from the current market price. Further, Lakeland Bancorp is offering a decent dividend yield.
State of New Jersey State


Strong loan growth will support Lakeland Bancorp's (NASDAQ:LBAI) earnings through the end of 2023. The loan portfolio is set to surge on the back of management's efforts and regional economic factors. On the other hand, above-average provisioning will likely drag the bottom

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Around 10 years of experience covering Banks and Macroeconomics. Passionate about discovering lucrative investments and generating alpha.

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