News stories about Lakeland Financial (NASDAQ:LKFN) have trended somewhat positive on Saturday, according to Accern Sentiment. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lakeland Financial earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.1772538618863 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Lakeland Financial (NASDAQ:LKFN) traded up $0.37 on Friday, hitting $51.08. 71,497 shares of the company were exchanged, compared to its average volume of 106,991. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $1,290.00, a price-to-earnings ratio of 22.11, a P/E/G ratio of 1.79 and a beta of 0.83. Lakeland Financial has a 12-month low of $39.68 and a 12-month high of $52.43.
Lakeland Financial (NASDAQ:LKFN) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.62 earnings per share 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 had a net margin of 30.67% and a return on equity of 13.33%. equities analysts anticipate that Lakeland Financial will post 2.39 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Thursday, January 25th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, January 24th. Lakeland Financial’s dividend payout ratio (DPR) is presently 38.10%.
A number of equities research analysts recently issued reports on LKFN shares. Zacks Investment Research lowered shares of Lakeland Financial from a “buy” rating to a “hold” rating in a report on Saturday, September 23rd. ValuEngine lowered shares of Lakeland Financial from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub lowered shares of Lakeland Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $50.00 price objective on shares of Lakeland Financial in a report on Friday, December 22nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $52.00.
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Lakeland Financial 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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