Lakeland Bancorp's book value per share for the quarter that ended in Dec. 2023 was $17.98.
During the past 12 months, Lakeland Bancorp's average Book Value Per Share Growth Rate was 5.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 6.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.00% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Lakeland Bancorp was 22.40% per year. The lowest was -8.80% per year. And the median was 6.40% per year.
Lakeland Bancorp's current price is $12.61. Its book value per share for the quarter that ended in Dec. 2023 was $17.98. Hence, today's PB Ratio of Lakeland Bancorp is 0.70.
During the past 13 years, the highest P/B Ratio of Lakeland Bancorp was 1.75. The lowest was 0.64. And the median was 1.12.
Good Sign:
Lakeland Bancorp Inc stock PB Ratio (=0.69) is close to 10-year low of 0.64
Lakeland Bancorp Book Value per Share Historical Data
The historical data trend for Lakeland Bancorp's Book Value per Share can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Lakeland Bancorp's Book Value per Share
For the Banks - Regional subindustry, Lakeland Bancorp's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Lakeland Bancorp's PB Ratio Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Lakeland Bancorp's PB Ratio distribution charts can be found below:
* The bar in red indicates where Lakeland Bancorp's PB Ratio falls into.
Lakeland Bancorp Book Value per Share Calculation
Lakeland Bancorp's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.
Lakeland Bancorp (NAS:LBAI) Book Value per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Lakeland Bancorp Book Value per Share Related Terms
Thank you for viewing the detailed overview of Lakeland Bancorp's Book Value per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Lakeland Bancorp (Lakeland Bancorp) Business Description
Lakeland Bancorp Inc is a bank holding company. It offers retail banking, business banking, and investment programs. The company's services are lending, depository, short and medium term loans, line and letters of credit, inventory and accounts receivable financing, construction and mortgage loans, merchant credit card services, checking account, savings accounts, now accounts, money market accounts, certificate of deposits, safe deposit, consumer installment loans and also wire transfer, internet and mobile banking, night depository services and investment and advisory services. The company operates through offices located in New Jersey and New York. Its primary source of revenue is interest income generated from loans, leases and investment securities.
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