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LAKELAND BANCORP INC (LBAI) Stock Fundamental Analysis

NASDAQ:LBAI - Nasdaq - US5116371007 - Common Stock - Currency: USD

13.43  +0.15 (+1.13%)

After market: 13.43 0 (0%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to LBAI. LBAI was compared to 397 industry peers in the Banks industry. LBAI has a bad profitability rating. Also its financial health evaluation is rather negative. LBAI has a valuation in line with the averages, but on the other hand it scores bad on growth. Finally LBAI also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

LBAI had positive earnings in the past year.
LBAI had a positive operating cash flow in the past year.
LBAI had positive earnings in each of the past 5 years.
In the past 5 years LBAI always reported a positive cash flow from operatings.
LBAI Yearly Net Income VS EBIT VS OCF VS FCFLBAI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M

1.2 Ratios

LBAI has a Return On Assets of 0.76%. This is comparable to the rest of the industry: LBAI outperforms 45.99% of its industry peers.
With a Return On Equity value of 7.11%, LBAI is not doing good in the industry: 65.45% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA 0.76%
ROE 7.11%
ROIC N/A
ROA(3y)0.96%
ROA(5y)0.93%
ROE(3y)9.36%
ROE(5y)9.04%
ROIC(3y)N/A
ROIC(5y)N/A
LBAI Yearly ROA, ROE, ROICLBAI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2 4 6 8 10

1.3 Margins

Looking at the Profit Margin, with a value of 28.70%, LBAI is in the better half of the industry, outperforming 75.43% of the companies in the same industry.
In the last couple of years the Profit Margin of LBAI has declined.
The Operating Margin and Gross Margin are not available for LBAI so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 28.7%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y4.04%
PM growth 5Y-3.13%
GM growth 3YN/A
GM growth 5YN/A
LBAI Yearly Profit, Operating, Gross MarginsLBAI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30

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1

2. Health

2.1 Basic Checks

LBAI does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for LBAI remains at a similar level compared to 1 year ago.
The number of shares outstanding for LBAI has been increased compared to 5 years ago.
Compared to 1 year ago, LBAI has an improved debt to assets ratio.
LBAI Yearly Shares OutstandingLBAI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M
LBAI Yearly Total Debt VS Total AssetsLBAI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B 10B

2.2 Solvency

The Debt to FCF ratio of LBAI is 8.02, which is on the high side as it means it would take LBAI, 8.02 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 8.02, LBAI is not doing good in the industry: 75.43% of the companies in the same industry are doing better.
A Debt/Equity ratio of 0.68 indicates that LBAI is somewhat dependend on debt financing.
LBAI has a worse Debt to Equity ratio (0.68) than 77.62% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.68
Debt/FCF 8.02
Altman-Z N/A
ROIC/WACCN/A
WACC13.07%
LBAI Yearly LT Debt VS Equity VS FCFLBAI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
LBAI Yearly Current Assets VS Current LiabilitesLBAI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M

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3

3. Growth

3.1 Past

LBAI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -24.26%.
LBAI shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.06% yearly.
Looking at the last year, LBAI shows a very negative growth in Revenue. The Revenue has decreased by -15.46% in the last year.
Measured over the past years, LBAI shows a quite strong growth in Revenue. The Revenue has been growing by 9.39% on average per year.
EPS 1Y (TTM)-24.26%
EPS 3Y4.55%
EPS 5Y-1.06%
EPS Q2Q%0%
Revenue 1Y (TTM)-15.46%
Revenue growth 3Y9.33%
Revenue growth 5Y9.39%
Sales Q2Q%-17.32%

3.2 Future

LBAI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.66% yearly.
LBAI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.41% yearly.
EPS Next Y-8.84%
EPS Next 2Y5.66%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-7.29%
Revenue Next 2Y2.41%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
LBAI Yearly Revenue VS EstimatesLBAI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
LBAI Yearly EPS VS EstimatesLBAI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

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4

4. Valuation

4.1 Price/Earnings Ratio

LBAI is valuated reasonably with a Price/Earnings ratio of 10.49.
LBAI's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of LBAI to the average of the S&P500 Index (27.29), we can say LBAI is valued rather cheaply.
The Price/Forward Earnings ratio is 9.40, which indicates a very decent valuation of LBAI.
Compared to the rest of the industry, the Price/Forward Earnings ratio of LBAI is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 21.74. LBAI is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 10.49
Fwd PE 9.4
LBAI Price Earnings VS Forward Price EarningsLBAI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of LBAI is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 8.79
EV/EBITDA N/A
LBAI Per share dataLBAI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y5.66%
EPS Next 3YN/A

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8

5. Dividend

5.1 Amount

LBAI has a Yearly Dividend Yield of 4.32%, which is a nice return.
LBAI's Dividend Yield is a higher than the industry average which is at 3.30.
LBAI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.37.
Industry RankSector Rank
Dividend Yield 4.32%

5.2 History

The dividend of LBAI has a limited annual growth rate of 5.26%.
LBAI has been paying a dividend for at least 10 years, so it has a reliable track record.
LBAI has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)5.26%
Div Incr Years13
Div Non Decr Years13
LBAI Yearly Dividends per shareLBAI Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

45.41% of the earnings are spent on dividend by LBAI. This is a bit on the high side, but may be sustainable.
LBAI's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP45.41%
EPS Next 2Y5.66%
EPS Next 3YN/A
LBAI Yearly Income VS Free CF VS DividendLBAI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M
LBAI Dividend Payout.LBAI Dividend Payout, showing the Payout Ratio.LBAI Dividend Payout.PayoutRetained Earnings

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LAKELAND BANCORP INC

NASDAQ:LBAI (5/15/2024, 8:00:03 PM)

After market: 13.43 0 (0%)

13.43

+0.15 (+1.13%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-19 2024-04-19/bmo
Earnings (Next)07-25 2024-07-25/amc
Inst Owners12.01%
Inst Owner Change0%
Ins Owners3.05%
Ins Owner Change0%
Market Cap874.96M
Analysts45.71
Price Target14.36 (6.92%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.32%
Yearly Dividend0.59
Dividend Growth(5Y)5.26%
DP45.41%
Div Incr Years13
Div Non Decr Years13
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.28%
Min EPS beat(2)-6.78%
Max EPS beat(2)9.34%
EPS beat(4)1
Avg EPS beat(4)-3.79%
Min EPS beat(4)-14.75%
Max EPS beat(4)9.34%
EPS beat(8)3
Avg EPS beat(8)-7.57%
EPS beat(12)6
Avg EPS beat(12)-4.3%
EPS beat(16)9
Avg EPS beat(16)-1.32%
Revenue beat(2)0
Avg Revenue beat(2)-5.21%
Min Revenue beat(2)-5.45%
Max Revenue beat(2)-4.96%
Revenue beat(4)0
Avg Revenue beat(4)-5.27%
Min Revenue beat(4)-5.8%
Max Revenue beat(4)-4.85%
Revenue beat(8)1
Avg Revenue beat(8)-4.09%
Revenue beat(12)1
Avg Revenue beat(12)-3.79%
Revenue beat(16)2
Avg Revenue beat(16)-3.3%
PT rev (1m)-8.16%
PT rev (3m)-8.16%
EPS NQ rev (1m)-1.89%
EPS NQ rev (3m)-1.89%
EPS NY rev (1m)0%
EPS NY rev (3m)-8.3%
Revenue NQ rev (1m)-2.5%
Revenue NQ rev (3m)-2.5%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.98%
Valuation
Industry RankSector Rank
PE 10.49
Fwd PE 9.4
P/S 2.99
P/FCF 8.79
P/OCF 8.46
P/B 0.74
P/tB 0.97
EV/EBITDA N/A
EPS(TTM)1.28
EY9.53%
EPS(NY)1.43
Fwd EY10.64%
FCF(TTM)1.53
FCFY11.37%
OCF(TTM)1.59
OCFY11.82%
SpS4.49
BVpS18.1
TBVpS13.83
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.76%
ROE 7.11%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 28.7%
GM N/A
FCFM 34.05%
ROA(3y)0.96%
ROA(5y)0.93%
ROE(3y)9.36%
ROE(5y)9.04%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y4.04%
PM growth 5Y-3.13%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.68
Debt/FCF 8.02
Debt/EBITDA N/A
Cap/Depr 51.31%
Cap/Sales 1.33%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 118.65%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC13.07%
ROIC/WACCN/A
Cap/Depr(3y)79.32%
Cap/Depr(5y)120.35%
Cap/Sales(3y)1.81%
Cap/Sales(5y)2.26%
Profit Quality(3y)113.11%
Profit Quality(5y)118.23%
High Growth Momentum
Growth
EPS 1Y (TTM)-24.26%
EPS 3Y4.55%
EPS 5Y-1.06%
EPS Q2Q%0%
EPS Next Y-8.84%
EPS Next 2Y5.66%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-15.46%
Revenue growth 3Y9.33%
Revenue growth 5Y9.39%
Sales Q2Q%-17.32%
Revenue Next Year-7.29%
Revenue Next 2Y2.41%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y10.21%
FCF growth 3Y12.56%
FCF growth 5Y8.39%
OCF growth 1Y9.55%
OCF growth 3Y10.79%
OCF growth 5Y7.8%