As of today (2024-04-25), Lakeland Bancorp's share price is $12.39. Lakeland Bancorp's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $13.69. Hence, Lakeland Bancorp's Price to Tangible Book Ratio of today is 0.90.
The historical rank and industry rank for Lakeland Bancorp's Price-to-Tangible-Book or its related term are showing as below:
LBAI'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.9 Med: 1.5 Max: 2.24
Current: 0.9
During the past 13 years, Lakeland Bancorp's highest Price to Tangible Book Ratio was 2.24. The lowest was 0.90. And the median was 1.50.
LBAI's Price-to-Tangible-Book is ranked better than 50.73% of 1439
companies
in the Banks industry
Industry Median: 0.93
vs LBAI: 0.90
A closely related ratio is called PB Ratio. As of today, Lakeland Bancorp's share price is $12.39. Lakeland Bancorp's Book Value per Sharefor the quarter that ended in Dec. 2023 was $17.98. Hence, Lakeland Bancorp's P/B Ratio of today is 0.69.
Lakeland Bancorp Price-to-Tangible-Book Historical Data
The historical data trend for Lakeland Bancorp's Price-to-Tangible-Book 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 Price-to-Tangible-Book
For the Banks - Regional subindustry, Lakeland Bancorp's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Lakeland Bancorp's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Lakeland Bancorp's Price-to-Tangible-Book falls into.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Lakeland Bancorp Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Lakeland Bancorp's Price-to-Tangible-Book 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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