Media stories about Lakeland Financial Corporation (NASDAQ:LKFN) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lakeland Financial Corporation earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 48.155333276019 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several equities research analysts recently issued reports on LKFN shares. BidaskClub lowered shares of Lakeland Financial Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Zacks Investment Research lowered shares of Lakeland Financial Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Finally, ValuEngine raised shares of Lakeland Financial Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Lakeland Financial Corporation presently has an average rating of “Hold” and an average price target of $49.00.
Shares of Lakeland Financial Corporation (LKFN) opened at $47.64 on Friday. The stock has a market cap of $1,200.00, a P/E ratio of 20.48, a P/E/G ratio of 1.99 and a beta of 0.84. Lakeland Financial Corporation has a fifty-two week low of $38.91 and a fifty-two week high of $50.00. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.07.
Lakeland Financial Corporation (NASDAQ:LKFN) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The company had revenue of $44.12 million during the quarter, compared to analyst estimates of $43.91 million. Lakeland Financial Corporation had a net margin of 30.67% and a return on equity of 13.51%. analysts predict that Lakeland Financial Corporation will post 2.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 6th. Investors of record on Wednesday, October 25th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.85%. The ex-dividend date was Tuesday, October 24th. Lakeland Financial Corporation’s dividend payout ratio is 38.10%.
In other Lakeland Financial Corporation news, insider Batty Jill A. De sold 800 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $43.31, for a total value of $34,648.00. Following the completion of the transaction, the insider now directly owns 8,132 shares in the company, valued at approximately $352,196.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director M Scott Welch purchased 5,557 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was acquired at an average price of $41.83 per share, with a total value of $232,449.31. Following the completion of the purchase, the director now directly owns 112,148 shares in the company, valued at $4,691,150.84. The disclosure for this purchase can be found here. Insiders acquired a total of 10,113 shares of company stock valued at $425,381 over the last 90 days. 5.00% of the stock is currently owned by corporate insiders.
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Lakeland Financial Corporation Company Profile
Lakeland Financial Corporation is a bank holding company. The Company, through its subsidiary, Lake City Bank (the Bank), provides an array of products and services throughout its Northern and Central Indiana markets. It offers commercial and consumer banking services, as well as trust and wealth management, brokerage, investment and treasury management commercial services.
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