Lakeland Bancorp, Inc. Second Quarter Earnings Sneak Peek

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Lakeland Bancorp, Inc. (NASDAQ:LBAI) will unveil its latest earnings on Monday, July 11, 2011. Lakeland Bancorp, Inc. is a bank holding company, which through Lakeland State Bank offers lending services, including commercial loans and leases, real estate and consumer loans to small and medium-sized businesses, professionals and individuals.

Lakeland Bancorp, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 19 cents per share, a rise of 26.7% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting net income of 72 cents per share, a rise of 26.3% from last year.

Past Earnings Performance: The company met estimates last quarter after falling short of forecasts in the prior two. Before reporting profit of 17 cents per share in first quarter to fall in line with expectations, the company beat estimates by one cent in the fourth quarter of the last fiscal year.

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Wall St. Revenue Expectations: On average, analysts predict $28.7 million in revenue this quarter, a decline of 2.7% from the year ago quarter. Analysts are forecasting total revenue of $115.8 million for the year, a decline of 1.4% from last year’s revenue of $117.4 million.

Analyst Ratings: Analysts seem relatively indifferent about Lakeland Bancorp with four of five analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has fallen in the past two quarters. In first quarter, revenue declined 4.9% to $34.1 million from the year earlier quarter. In the fourth quarter of the last fiscal year, the figure fell 14%.

Competitors to Watch: Stewardship Financial Corp. (NASDAQ:SSFN), Sussex Bancorp (NASDAQ:SBBX), Bancorp of New Jersey Inc (AMEX:BKJ), Community Partners Bancorp (NASDAQ:CPBC), Center Bancorp, Inc. (NASDAQ:CNBC), Unity Bancorp, Inc. (NASDAQ:UNTY), Parke Bancorp, Inc. (NASDAQ:PKBK), Sun Bancorp, Inc. /NJ (NASDAQ:SNBC), and 1st Constitution Bancorp (NASDAQ:FCCY).

Stock Price Performance: During April 6, 2011 to July 1, 2011, the stock price has fallen $1.08 (-9.4%) from $11.43 on April 6, 2011 to $10.35 on July 1, 2011. Shares are up 2 cents (+0.2%) year to date.

(Source: Xignite Financials)

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