Lakeland Bancorp, Inc. (LBAI) Reaches $19.70 Formed H&S; Ardmore Shipping (ASC) Had 6 Bulls

Ardmore Shipping Corporation (NYSE:ASC) Logo

Among 8 analysts covering Ardmore Shipping Corporation (NYSE:ASC), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Ardmore Shipping Corporation had 22 analyst reports since October 29, 2015 according to SRatingsIntel. The stock of Ardmore Shipping Corporation (NYSE:ASC) has “Hold” rating given on Friday, July 1 by ABN Amro. The stock has “Buy” rating by Jefferies on Monday, October 16. The firm has “Buy” rating by Jefferies given on Monday, August 7. The company was downgraded on Thursday, August 25 by Morgan Stanley. The stock has “Buy” rating by Jefferies on Monday, July 3. Jefferies maintained Ardmore Shipping Corporation (NYSE:ASC) rating on Monday, September 11. Jefferies has “Buy” rating and $10.0 target. Seaport Global upgraded the shares of ASC in report on Thursday, November 5 to “Speculative Buy” rating. Morgan Stanley maintained Ardmore Shipping Corporation (NYSE:ASC) on Thursday, November 2 with “Equal-Weight” rating. The firm earned “Buy” rating on Thursday, January 4 by Seaport Global. The firm earned “Buy” rating on Friday, October 27 by Stifel Nicolaus. See Ardmore Shipping Corporation (NYSE:ASC) latest ratings:

23/03/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Overweight Old Target: $11 New Target: $12 Maintain
24/01/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $9.0 Maintain
04/01/2018 Broker: Seaport Global Rating: Buy New Target: $12.0 Maintain
18/12/2017 Broker: Jefferies Rating: Buy New Target: $11.0 Initiate
02/11/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $8.5 New Target: $9 Maintain
27/10/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $10.0 Maintain

Lakeland Bancorp, Inc. (LBAI) formed H&S with $18.91 target or 4.00% below today’s $19.70 share price. Lakeland Bancorp, Inc. (LBAI) has $934.88 million valuation. It closed at $19.7 lastly. It is down 3.96% since April 19, 2017 and is uptrending. It has underperformed by 7.59% the S&P500.

Since December 19, 2017, it had 0 insider purchases, and 4 sales for $1.33 million activity. On Thursday, March 15 DEUTSCH EDWARD B sold $418,043 worth of Lakeland Bancorp, Inc. (NASDAQ:LBAI) or 20,050 shares. $102,700 worth of stock was sold by FREDERICKS MARK J on Friday, February 9. 37,227 shares were sold by NICHOLSON ROBERT K III, worth $746,029 on Tuesday, December 19.

Investors sentiment decreased to 1.19 in Q4 2017. Its down 0.26, from 1.45 in 2017Q3. It dropped, as 7 investors sold Lakeland Bancorp, Inc. shares while 29 reduced holdings. 10 funds opened positions while 33 raised stakes. 25.22 million shares or 1.95% more from 24.73 million shares in 2017Q3 were reported. American International Gru holds 30,239 shares. Deutsche Commercial Bank Ag has 0% invested in Lakeland Bancorp, Inc. (NASDAQ:LBAI). Barclays Public Ltd Company reported 0% of its portfolio in Lakeland Bancorp, Inc. (NASDAQ:LBAI). 454,156 were reported by Morgan Stanley. Highlander Mngmt Ltd Co has 0.31% invested in Lakeland Bancorp, Inc. (NASDAQ:LBAI). Bridgeway Cap accumulated 195,290 shares. California State Teachers Retirement Systems stated it has 0% of its portfolio in Lakeland Bancorp, Inc. (NASDAQ:LBAI). Invesco Limited reported 0% stake. Pnc Gp stated it has 63,220 shares or 0% of all its holdings. Ny State Common Retirement Fund has 0% invested in Lakeland Bancorp, Inc. (NASDAQ:LBAI) for 48,700 shares. Kennedy Capital owns 0.11% invested in Lakeland Bancorp, Inc. (NASDAQ:LBAI) for 314,983 shares. Parametric Port Associates Ltd Liability Corp invested in 56,076 shares or 0% of the stock. Prudential holds 0% in Lakeland Bancorp, Inc. (NASDAQ:LBAI) or 103,016 shares. The New York-based Pinnacle Assoc Ltd has invested 0.02% in Lakeland Bancorp, Inc. (NASDAQ:LBAI). Bnp Paribas Arbitrage invested in 20,134 shares.

Analysts await Lakeland Bancorp, Inc. (NASDAQ:LBAI) to report earnings on April, 26. They expect $0.33 EPS, up 26.92% or $0.07 from last year’s $0.26 per share. LBAI’s profit will be $15.66 million for 14.92 P/E if the $0.33 EPS becomes a reality. After $0.29 actual EPS reported by Lakeland Bancorp, Inc. for the previous quarter, Wall Street now forecasts 13.79% EPS growth.

Among 4 analysts covering Lakeland Bancorp (NASDAQ:LBAI), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Lakeland Bancorp has $24.5 highest and $12 lowest target. $17.63’s average target is -10.51% below currents $19.7 stock price. Lakeland Bancorp had 8 analyst reports since August 13, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained Lakeland Bancorp, Inc. (NASDAQ:LBAI) rating on Monday, February 5. Keefe Bruyette & Woods has “Buy” rating and $24.0 target. FIG Partners initiated Lakeland Bancorp, Inc. (NASDAQ:LBAI) rating on Thursday, January 5. FIG Partners has “Market Perform” rating and $21 target. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, July 20 report. The company was downgraded on Thursday, October 27 by Raymond James. Keefe Bruyette & Woods maintained Lakeland Bancorp, Inc. (NASDAQ:LBAI) on Tuesday, October 3 with “Buy” rating.

The stock increased 0.94% or $0.075 during the last trading session, reaching $8.025. About 32,581 shares traded. Ardmore Shipping Corporation (NYSE:ASC) has risen 1.96% since April 19, 2017 and is uptrending. It has underperformed by 9.59% the S&P500.

Lakeland Bancorp, Inc. (NASDAQ:LBAI) Institutional Positions Chart