Media headlines about Lakeland Financial (NASDAQ:LKFN) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lakeland Financial earned a coverage optimism score of 0.04 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 44.463607453764 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Intrinsic Calculation For Lakeland Financial Corporation (NASDAQ:LKFN) Shows Investors Are Overpaying (finance.yahoo.com)
- Lakeland Financial Co. (LKFN) Expected to Post Quarterly Sales of $45.57 Million (americanbankingnews.com)
- Zacks: Analysts Expect Lakeland Financial Co. (LKFN) Will Post Earnings of $0.70 Per Share (americanbankingnews.com)
- Senior Vice President of Lakeland Financial Corp (NASDAQ:LKFN), De Batty Jill A, sells 1,400 shares worth $68,040 (empowerednews.net)
A number of equities research analysts have commented on the company. BidaskClub cut Lakeland Financial from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Zacks Investment Research cut Lakeland Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $50.00 price objective on shares of Lakeland Financial in a research note on Friday, December 22nd. Finally, ValuEngine raised Lakeland Financial from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $52.00.
Lakeland Financial stock opened at $48.19 on Thursday. Lakeland Financial has a fifty-two week low of $39.68 and a fifty-two week high of $52.43. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1,215.75, a P/E ratio of 21.51, a PEG ratio of 1.63 and a beta of 0.90.
Lakeland Financial (NASDAQ:LKFN) last posted its earnings results on Thursday, January 25th. The financial services provider reported $0.61 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.61. Lakeland Financial had a return on equity of 13.53% and a net margin of 28.42%. The company had revenue of $44.85 million for the quarter, compared to analyst estimates of $44.64 million. sell-side analysts forecast that Lakeland Financial will post 2.96 EPS for the current fiscal year.
In related news, Director M Scott Welch bought 25,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were bought at an average price of $45.64 per share, for a total transaction of $1,141,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Batty Jill A. De sold 1,400 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $48.60, for a total value of $68,040.00. Following the completion of the transaction, the senior vice president now owns 10,386 shares in the company, valued at approximately $504,759.60. The disclosure for this sale can be found here. Insiders sold 10,768 shares of company stock worth $502,282 in the last 90 days. Corporate insiders own 4.40% of the company’s stock.
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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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