Lakeland Bancorp Inc (LBAI) Files Form 4 Insider Selling : Timothy J Matteson Sells 4,500 Shares

Lakeland Bancorp Inc (LBAI): Timothy J Matteson , EVP and General Counsel of Lakeland Bancorp Inc sold 4,500 shares on May 25, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $11.41 per share for a total value of $51,345.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 1, 2016, Bruce D. Bohuny (director) purchased 800 shares at $10.10 per share price.On Feb 25, 2016, Stephen R Sr Tilton (director) purchased 5,000 shares at $10.07 per share price.Also, On Dec 22, 2015, Joseph Hurley (EVP and CFO) sold 2,000 shares at $11.56 per share price.On Nov 23, 2015, Timothy J Matteson (EVP and General Counsel) sold 1,100 shares at $12.28 per share price.

Shares of Lakeland Bancorp (LBAI) ended Wednesday, May 25, 2016 session in red amid volatile trading. The shares closed down -0.05 points or -0.44% at $11.43 with 36,474 shares getting traded. Post opening the session at $11.48, the shares hit an intraday low of $11.38 and an intraday high of $11.5 and the price vacillated in this range throughout the day. The company has a market cap of $471 M and the number of outstanding shares has been calculated to be 4,12,40,992 shares. The 52-week high of Lakeland Bancorp is $12.5 and the 52-week low is $9.72.

Lakeland Bancorp Money Flow Index Chart

Lakeland Bancorp Inc. is a bank holding company whose principal activity is the ownership and management of its wholly owned subsidiary Lakeland Bank (Lakeland). Lakeland operates under a state bank charter and provides full banking services and as a state bank is subject to regulation by the New Jersey Department of Banking and Insurance. Lakeland generates commercial mortgage and consumer loans and receives deposits from customers located primarily in Northern and Central New Jersey. Lakeland also provides non-deposit products such as securities brokerage services including mutual funds and variable annuities. Through Lakeland the Company offers a range of lending depository and related financial services to individuals and small to medium sized businesses located primarily in northern and central New Jersey.

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