Lakeland Bancorp, Inc. (LBAI)'s Stock Is Buy After Forming

Henrietta Strickland
January 31, 2018

Halsey Associates Inc bought 12,917 shares as the company's stock declined 8.78% while stock markets rallied. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.01. First Republic Investment Management Inc who had been investing in Us Bancorp Del for a number of months, seems to be bullish on the $96.03 billion market cap company. (NASDAQ OSBC) traded up $0.10 during trading on Tuesday, reaching $14.50. About 1.74 million shares traded. Hanesbrands Inc. (NYSE:HBI) has declined 23.23% since January 30, 2017 and is downtrending. It has underperformed by 1.19% the S&P500.

Mar Vista Investment Partners Llc increased its stake in Us Bancorp (USB) by 24.66% based on its latest 2017Q3 regulatory filing with the SEC. Andra Ap-Fonden sold 7,466 shares as the company's stock declined 2.57% while stock markets rallied. The institutional investor held 440,711 shares of the major banks company at the end of 2017Q3, valued at $23.62M, down from 460,945 at the end of the previous reported quarter. MAI Capital Management now owns 30,686 shares of the financial services provider's stock valued at $1,644,000 after buying an additional 6,481 shares during the last quarter. Vanguard Grp Inc owns 2.00 million shares for 0% of their portfolio.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, January 17th. It has outperformed by 6.37% the S&P500. The firm has "Buy" rating given on Friday, September 15 by Jefferies.

Investors sentiment increased to 1.45 in 2017 Q3. Its up 0.02, from 0.68 in 2017Q2. It is negative, as 61 investors sold USB shares while 441 reduced holdings.

A number of other institutional investors and hedge funds have also recently made changes to their positions in USB. Maryland-based Price T Rowe Associates Md has invested 0% in Lakeland Bancorp, Inc. Atlantic Securities downgraded U.S. Bancorp (NYSE:USB) on Wednesday, December 21 to "Neutral" rating. Alliancebernstein Limited Partnership reported 448,347 shares. Bollard Group Ltd Limited Liability Company has invested 0.48% of its portfolio in U.S. Bancorp (NYSE:USB).

Investment analysts at Wedbush issued their Q1 2018 earnings per share (EPS) estimates for shares of U.S. Bancorp in a report issued on Wednesday, according to Zacks Investment Research. Moreover, Oarsman has 0.26% invested in U.S. Bancorp (NYSE:USB). Economic Planning Gp Incorporated Adv holds 0.11% or 5,869 shares in its portfolio. Budros Ruhlin And Roe stated it has 4,029 shares. The company was maintained on Monday, May 29 by RBC Capital Markets. Moreover, Deroy Devereaux Private Inv Counsel has 1.76% invested in U.S. Bancorp (NYSE:USB). Finally, Green Square Capital LLC boosted its holdings in U.S. Bancorp by 0.4% during the second quarter. Shamrock Asset Mgmt Ltd Liability Com invested 0.26% of its portfolio in U.S. Bancorp (NYSE:USB). Northern Corporation invested in 20.84M shares. Stelliam Investment Mgmt LP accumulated 1.11 million shares. Bank of New York Mellon Corp now owns 181,604 shares of the financial services provider's stock valued at $2,098,000 after acquiring an additional 5,318 shares during the last quarter. It also increased its holding in Schwab Strategic Tr (SCHF) by 22,472 shares in the quarter, for a total of 331,283 shares, and has risen its stake in Spdr Series Trust (IBND). Therefore 50% are positive. U.S. Bancorp had 81 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has "Outperform" rating by RBC Capital Markets given on Wednesday, October 7. On Sunday, September 17 the stock rating was maintained by Piper Jaffray with "Hold". The ex-dividend date of this dividend is Thursday, January 25th. The company was upgraded on Tuesday, August 25 by Portales Partners. The Company's programs comprise Nutrisystem D, a program designed for people with type 2 diabetes or at risk for type 2 diabetes who want to lose weight and manage their diabetes; Turbo10 program, a program that deliver up to a 10-pound weight loss and a reduction of 5 inches overall in the first month of dieting; The Lean13, a program created to deliver weight loss of up to 13 pounds and 7 inches in the first month; South Beach Diet, a structured meal delivery weight-loss program; and 5-day kit, a kit for individuals with or at risk of type 2 diabetes, as well as SmartCarb and PowerFuel products, including blueberry muffins, cinnamon buns, vanilla shakes, chocolate shakes, and chocolate chip cookie packs. The rating was downgraded by PiperJaffray on Wednesday, November 16 to "Neutral".

Among 44 analysts covering Nike Inc. Deutsche Bank has "Buy" rating and $42 target. Therefore 25% are positive. Apple Inc. had 354 analyst reports since July 21, 2015 according to SRatingsIntel. FBR Capital maintained it with "Mkt Perform" rating and $120 target in Friday, September 25 report. As per Friday, October 27, the company rating was maintained by UBS. Wedbush maintained it with "Neutral" rating and $52 target in Thursday, January 19 report.

Shares of Old Second Bancorp Inc. Robert W. Baird reiterated a "hold" rating and issued a $48.00 price target on shares of U.S. Bancorp in a report on Friday, October 6th. Royal Bank of Canada raised their target price on U.S. Bancorp to $61.00 and gave the company an "outperform" rating in a research report on Thursday, January 18th. The stock now has a consensus rating of "Hold" and a consensus target price of $57.00.

Staley Capital Advisers Inc, which manages about $1.31 billion and $1.22 billion US Long portfolio, decreased its stake in Ishares Preferred Stock (PFF) by 10,150 shares to 6,000 shares, valued at $233,000 in 2017Q3, according to the filing.

Investors sentiment is 0.88 in 2017 Q3. Its down 0.01, from 0.9 in 2017Q2. Salem Counselors invested in 92,802 shares. 78 funds opened positions while 358 raised stakes. KONDO CHRIS sold 6,209 shares worth $1.01 million. State Treasurer State Of Michigan reported 0.17% stake. Cullinan Assocs has 198,602 shares. Azimuth Mgmt Ltd Liability Co reported 0.29% stake.

Other reports by Click Lancashire

Discuss This Article