As at May 3, 2024, the LBAI stock has a price-to-earnings ratio of 10.03. This is based on the current EPS of $1.29 and the stock price of $12.94 per share. An increase of 6% has been recorded in the P/E ratio compared to the average of 9.4 of the last 4 quarters.
The mean historical PE ratio of Lakeland Bancorp over the last ten years is 12.62. The current 10.03 PE ratio is 21% below the historical average. In the past ten years, LBAI's PE ratio was at its highest in the Dec 2016 quarter at 20.31, with a price of $19.5 and an EPS of $0.96. The Mar 2020 quarter recorded the bottom point at 8.19, with a price of $10.81 and an EPS of $1.32.
Maximum annual increase: 46.43% in 2016
Maximum annual decrease: -35.89% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 11.47 | 6.8% |
| 2022 | 10.74 | 4.68% |
| 2021 | 10.26 | -8.72% |
| 2020 | 11.24 | -10.08% |
| 2019 | 12.5 | 11.41% |
| 2018 | 11.22 | -35.89% |
| 2017 | 17.5 | -13.84% |
| 2016 | 20.31 | 46.43% |
| 2015 | 13.87 | -2.8% |
| 2014 | 14.27 | -13.98% |
The current PE ratio of LBAI is above the 3-year historical average, but it is lower than the 5 and 10-year averages.
LBAI's PE ratio is higher than its peer stocks PGC and UNTY.
| Stock name | PE ratio | Market cap |
|---|---|---|
| PKBK Parke Bancorp Inc | 7.05 | $200.78M |
| UNTY Unity Bancorp Inc | 7.1 | $279.89M |
| PGC Peapack Gladstone Financial Corp | 8.51 | $413.81M |
| LBAI Lakeland Bancorp Inc | 10.13 | $851.57M |
The price to earnings ratio for LBAI stock as of May 3, 2024, stands at 10.03.
As an average over the last 3 years, LBAI stock has a PE ratio of 9.87.
As an average over the last 5 years, LBAI stock has a PE ratio of 10.28.
Over the last ten years, the quarterly PE ratio reached a historic high of 20.31 in the Dec 2016 quarter.
LBAI's current price to earnings ratio is 21% below its 10-year historical average.
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (May 3, 2024), Lakeland Bancorp's stock price is $12.94. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $1.29. Therefore, Lakeland Bancorp's P/E ratio for today is 10.03. PE RATIO(10.03) = STOCK PRICE($12.94) / TTM EPS($1.29)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.