Lakeland Bancorp, Inc. (NASDAQ:LBAI), saw an insider increase his exposure through a transaction officially filed today. Director Robert K. Nicholson III bought 10,000 shares at an average price of $10.06 per share. Following this transaction, Nicholson holds a total of 82,221 shares directly in the company.
A $379.52 million market cap company, Lakeland Bancorp, Inc. (NASDAQ:LBAI) is a bank holding business that offers a range of lending services, including commercial loans and leases, real estate and consumer loans to small and medium-sized businesses, professionals and individuals located in its markets.
In addition, the company has multiple outside investors. Bryn Mawr Capital, a hedge fund run by Ken Gray And Steve Walsh reported a 41% decrease in its activity last quarter, and now holds 861,068 worth nearly $9.7 million; while Basswood Capital, the hedge fund run by Matthew Lindenbaum has 176,885 shares worth approximately $1.9 million invested in Lakeland Bancorp, Inc. (NASDAQ:LBAI).
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.