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Pinnacle Associates LTD Trimmed Lakeland Bancorp (LBAI) Position; 8 Analysts Covering Nasdaq, Inc. (NDAQ)

Pinnacle Associates Ltd decreased Lakeland Bancorp Inc (LBAI) stake by 13.16% reported in 2017Q2 SEC filing. Pinnacle Associates Ltd sold 21,500 shares as Lakeland Bancorp Inc (LBAI)’s stock declined 5.74%. The Pinnacle Associates Ltd holds 141,874 shares with $2.67M value, down from 163,374 last quarter. Lakeland Bancorp Inc now has $987.30M valuation. The stock decreased 0.24% or $0.05 during the last trading session, reaching $20.85. About 128,271 shares traded. Lakeland Bancorp, Inc. (NASDAQ:LBAI) has risen 69.96% since December 2, 2016 and is uptrending. It has outperformed by 53.26% the S&P500.

Among 17 analysts covering NASDAQ OMX Group (NASDAQ:NDAQ), 8 have Buy rating, 1 Sell and 8 Hold. Therefore 47% are positive. NASDAQ OMX Group had 51 analyst reports since August 9, 2015 according to SRatingsIntel. The stock of Nasdaq, Inc. (NASDAQ:NDAQ) has “Hold” rating given on Monday, June 26 by Jefferies. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, August 17 report. Barclays Capital maintained Nasdaq, Inc. (NASDAQ:NDAQ) rating on Tuesday, January 12. Barclays Capital has “Overweight” rating and $66.0 target. The company was maintained on Wednesday, October 11 by Jefferies. Barclays Capital maintained Nasdaq, Inc. (NASDAQ:NDAQ) rating on Thursday, October 13. Barclays Capital has “Overweight” rating and $77 target. The firm earned “Neutral” rating on Monday, January 11 by Goldman Sachs. The stock has “Outperform” rating by RBC Capital Markets on Wednesday, December 9. The stock of Nasdaq, Inc. (NASDAQ:NDAQ) earned “Buy” rating by Deutsche Bank on Monday, July 18. Credit Suisse maintained the shares of NDAQ in report on Thursday, March 10 with “Outperform” rating. The firm has “Hold” rating given on Tuesday, October 10 by Keefe Bruyette & Woods. See Nasdaq, Inc. (NASDAQ:NDAQ) latest ratings:

26/10/2017 Broker: Barclays Capital Rating: Overweight Old Target: $85 New Target: $84 Maintain
19/10/2017 Broker: Citigroup Rating: Neutral Old Target: $75 New Target: $82 Maintain
16/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $78.0 Maintain
11/10/2017 Broker: Jefferies Rating: Hold New Target: $71.0 Maintain
10/10/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $78.0 Maintain
09/10/2017 Broker: Bank of America Old Rating: Neutral New Rating: Underperform Old Target: $77 New Target: $75 Downgrade
21/09/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $76.0 Maintain
11/09/2017 Broker: RBC Capital Markets Rating: Hold New Target: $76.0 Maintain
08/09/2017 Broker: Barclays Capital Rating: Overweight New Target: $85 Initiates Coverage On
22/08/2017 Broker: Jefferies Rating: Hold New Target: $71.0 Maintain

Since June 13, 2017, it had 0 insider buys, and 3 selling transactions for $532,215 activity. $271,976 worth of Lakeland Bancorp, Inc. (NASDAQ:LBAI) shares were sold by TILTON STEPHEN R SR. 11,066 shares were sold by VANDENBERGH ROBERT A, worth $223,755 on Tuesday, June 13.

Investors sentiment increased to 1.02 in Q2 2017. Its up 0.02, from 1 in 2017Q1. It increased, as 11 investors sold LBAI shares while 36 reduced holdings. 12 funds opened positions while 36 raised stakes. 24.47 million shares or 2.23% less from 25.03 million shares in 2017Q1 were reported. Basswood Cap Management Ltd has 0.17% invested in Lakeland Bancorp, Inc. (NASDAQ:LBAI). Tiaa Cref Investment Ltd Liability Company reported 0% stake. First Trust Advsr Ltd Partnership reported 177,325 shares. Highlander Cap Management Lc accumulated 0.33% or 21,802 shares. Price T Rowe Associates Incorporated Md reported 18,163 shares. Pnc Fincl Services Grp Inc Incorporated owns 0% invested in Lakeland Bancorp, Inc. (NASDAQ:LBAI) for 65,701 shares. Alps Advsr has invested 0% in Lakeland Bancorp, Inc. (NASDAQ:LBAI). Schwab Charles Investment accumulated 185,976 shares. Pinnacle Associate Ltd holds 0.05% or 141,874 shares in its portfolio. 16,510 were reported by Ubs Asset Management Americas. Sei Invs Com reported 0% of its portfolio in Lakeland Bancorp, Inc. (NASDAQ:LBAI). Kennedy Capital Mgmt Inc holds 0.13% or 365,066 shares in its portfolio. Alliancebernstein Limited Partnership accumulated 0% or 51,745 shares. Nationwide Fund holds 0% in Lakeland Bancorp, Inc. (NASDAQ:LBAI) or 30,396 shares. Commercial Bank Of Montreal Can reported 12,107 shares.

Pinnacle Associates Ltd increased Facebook Inc (NASDAQ:FB) stake by 2,024 shares to 82,881 valued at $12.51 million in 2017Q2. It also upped Emerson Elec Co (NYSE:EMR) stake by 5,275 shares and now owns 56,015 shares. Invesco Ltd (NYSE:IVZ) was raised too.

Analysts await Lakeland Bancorp, Inc. (NASDAQ:LBAI) to report earnings on January, 25. They expect $0.29 earnings per share, up 11.54% or $0.03 from last year’s $0.26 per share. LBAI’s profit will be $13.73M for 17.97 P/E if the $0.29 EPS becomes a reality. After $0.29 actual earnings per share reported by Lakeland Bancorp, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 4 analysts covering Lakeland Bancorp (NASDAQ:LBAI), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Lakeland Bancorp had 6 analyst reports since August 13, 2015 according to SRatingsIntel. On Thursday, January 5 the stock rating was initiated by FIG Partners with “Market Perform”. The company was downgraded on Thursday, October 27 by Raymond James. Keefe Bruyette & Woods maintained it with “Buy” rating and $21.0 target in Tuesday, October 3 report. The company was maintained on Thursday, July 20 by Keefe Bruyette & Woods.

Nasdaq, Inc. provides trading, clearing, exchange technology, regulatory, securities listing, information, and public firm services worldwide. The company has market cap of $13.18 billion. The companyÂ’s Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services. It has a 60.23 P/E ratio. This segment operates various exchanges and other marketplace facilities across various asset classes; and provides clearing, settlement, and central depository services.

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