Lakeland Bancorp, Inc. (LBAI) Analysts See $0.29 EPS; Mesirow Financial Investment Management Us Value Equity Lifted By $2.11 Million Its Forum Energy Technologies In (FET) Position

October 13, 2017 - By Marie Mckinney

Mesirow Financial Investment Management Us Value Equity increased Forum Energy Technologies In (FET) stake by 17.77% reported in 2017Q2 SEC filing. Mesirow Financial Investment Management Us Value Equity acquired 140,960 shares as Forum Energy Technologies In (FET)’s stock declined 14.43%. The Mesirow Financial Investment Management Us Value Equity holds 934,165 shares with $14.57 million value, up from 793,205 last quarter. Forum Energy Technologies In now has $1.39 billion valuation. The stock decreased 6.86% or $1.05 during the last trading session, reaching $14.25. About shares traded. Forum Energy Technologies Inc (NYSE:FET) has risen 4.75% since October 13, 2016 and is uptrending. It has underperformed by 11.95% the S&P500.

Analysts expect Lakeland Bancorp, Inc. (NASDAQ:LBAI) to report $0.29 EPS on October, 25.They anticipate $0.01 EPS change or 3.57% from last quarter’s $0.28 EPS. LBAI’s profit would be $13.73M giving it 17.67 P/E if the $0.29 EPS is correct. After having $0.28 EPS previously, Lakeland Bancorp, Inc.’s analysts see 3.57% EPS growth. It closed at $20.5 lastly. It is down 69.96% since October 13, 2016 and is uptrending. It has outperformed by 53.26% the S&P500.

Lakeland Bancorp, Inc. is the bank holding firm for Lakeland Bank . The company has market cap of $970.73 million. Lakeland operates under a state bank charter and provides full banking services. It has a 19.51 P/E ratio. Lakeland generates commercial, mortgage and consumer loans and receives deposits from clients located in Northern and Central New Jersey.

Among 4 analysts covering Lakeland Bancorp (NASDAQ:LBAI), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Lakeland Bancorp had 6 analyst reports since August 13, 2015 according to SRatingsIntel. On Thursday, October 27 the stock rating was downgraded by Raymond James to “Mkt Perform”. The firm has “Market Perform” rating given on Thursday, January 5 by FIG Partners. Keefe Bruyette & Woods maintained Lakeland Bancorp, Inc. (NASDAQ:LBAI) rating on Thursday, July 20. Keefe Bruyette & Woods has “Buy” rating and $21.5000 target. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Tuesday, October 3 report.

Investors sentiment increased to 1.02 in Q2 2017. Its up 0.02, from 1 in 2017Q1. It improved, as 11 investors sold Lakeland Bancorp, Inc. shares while 36 reduced holdings. 12 funds opened positions while 36 raised stakes. 24.47 million shares or 2.23% less from 25.03 million shares in 2017Q1 were reported. Bnp Paribas Arbitrage has 0% invested in Lakeland Bancorp, Inc. (NASDAQ:LBAI) for 5,127 shares. Maltese Cap Mngmt Ltd Liability Co holds 199,900 shares or 0.36% of its portfolio. Brown Brothers Harriman & has invested 0.01% in Lakeland Bancorp, Inc. (NASDAQ:LBAI). Cardinal Lc Ct reported 1.89 million shares. New York-based Goldman Sachs Grp Inc has invested 0% in Lakeland Bancorp, Inc. (NASDAQ:LBAI). Pnc Services owns 0% invested in Lakeland Bancorp, Inc. (NASDAQ:LBAI) for 65,701 shares. Envestnet Asset Mngmt has 1,760 shares for 0% of their portfolio. Alliancebernstein Limited Partnership holds 51,745 shares. Virginia Retirement Et Al stated it has 0% of its portfolio in Lakeland Bancorp, Inc. (NASDAQ:LBAI). Sg Americas Llc has 0% invested in Lakeland Bancorp, Inc. (NASDAQ:LBAI). Bridgeway Mngmt Inc stated it has 0.05% in Lakeland Bancorp, Inc. (NASDAQ:LBAI). Systematic Mgmt L P invested 0.36% in Lakeland Bancorp, Inc. (NASDAQ:LBAI). 18,191 are held by Voya Invest Management Ltd Liability Corporation. 12,500 are owned by Biondo Invest Advisors Limited Liability Corporation. Brown Advisory has 0% invested in Lakeland Bancorp, Inc. (NASDAQ:LBAI).

Since May 3, 2017, it had 0 buys, and 5 insider sales for $603,552 activity. On Thursday, June 15 the insider TILTON STEPHEN R SR sold $36,484. The insider YANAGISAWA DAVID S. sold 1,000 shares worth $19,450. 11,066 Lakeland Bancorp, Inc. (NASDAQ:LBAI) shares with value of $223,755 were sold by VANDENBERGH ROBERT A. Matteson Timothy J had sold 2,650 shares worth $51,887.

Mesirow Financial Investment Management Us Value Equity decreased Performance Food Group Co stake by 65,780 shares to 722,079 valued at $19.79 million in 2017Q2. It also reduced Tech Data Corp (NASDAQ:TECD) stake by 32,060 shares and now owns 183,332 shares. Party City Holdco Inc was reduced too.

Among 21 analysts covering Forum Energy Technologies (NYSE:FET), 4 have Buy rating, 0 Sell and 17 Hold. Therefore 19% are positive. Forum Energy Technologies had 60 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Sector Perform” rating by iBERIA Capital Partners given on Friday, April 1. The firm earned “Hold” rating on Friday, July 7 by Cowen & Co. Jefferies maintained the shares of FET in report on Wednesday, July 5 with “Hold” rating. The stock of Forum Energy Technologies Inc (NYSE:FET) has “Equal Weight” rating given on Monday, October 26 by Barclays Capital. Zacks upgraded Forum Energy Technologies Inc (NYSE:FET) on Monday, September 21 to “Hold” rating. Credit Suisse downgraded Forum Energy Technologies Inc (NYSE:FET) on Thursday, August 24 to “Neutral” rating. The stock of Forum Energy Technologies Inc (NYSE:FET) earned “Hold” rating by Cowen & Co on Friday, October 6. The stock of Forum Energy Technologies Inc (NYSE:FET) has “Sell” rating given on Friday, August 14 by Zacks. The firm has “Buy” rating given on Wednesday, June 7 by Societe Generale. The rating was downgraded by Barclays Capital on Wednesday, July 12 to “Equal-Weight”.

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By1 Marie Mckinney




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