Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Lakeland Bancorp's share price for the quarter that ended in Dec. 2023 was $14.79. Lakeland Bancorp's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 65.0 Mil. Therefore, Lakeland Bancorp's market cap for the quarter that ended in Dec. 2023 was $961.8 Mil.
Lakeland Bancorp's quarterly market cap
declined
from Jun. 2023 ($870.7 Mil) to Sep. 2023 ($820.7 Mil) but then
increased
from Sep. 2023 ($820.7 Mil) to Dec. 2023 ($961.8 Mil).
Lakeland Bancorp's annual market cap
increased
from Dec. 2021 ($961.0 Mil) to Dec. 2022 ($1,142.4 Mil) but then
declined
from Dec. 2022 ($1,142.4 Mil) to Dec. 2023 ($961.8 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Lakeland Bancorp's Enterprise Value for Today is $994.5 Mil.
Lakeland Bancorp Market Cap Historical Data
The historical data trend for Lakeland Bancorp's Market Cap 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.
* Premium members only.
Lakeland Bancorp Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Market Cap
877.66
641.09
961.02
1,142.39
961.80
Lakeland Bancorp Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Market Cap
1,142.39
1,016.87
870.73
820.68
961.80
Competitive Comparison
For the Banks - Regional subindustry, Lakeland Bancorp's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap Distribution
For the Banks industry and Financial Services sector, Lakeland Bancorp's Market Cap distribution charts can be found below:
* The bar in red indicates where Lakeland Bancorp's Market Cap falls into.
Lakeland Bancorp Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Lakeland Bancorp's Market Cap 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.
Lakeland Bancorp (NAS:LBAI) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Lakeland Bancorp Market Cap Related Terms
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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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