Headlines about Lakeland Financial (NASDAQ:LKFN) have trended somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lakeland Financial earned a news impact score of 0.06 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.1505873265055 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
LKFN has been the topic of several analyst reports. Zacks Investment Research upgraded Lakeland Financial from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Saturday, January 13th. ValuEngine downgraded Lakeland Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Keefe, Bruyette & Woods restated a “hold” rating and set a $50.00 price objective on shares of Lakeland Financial in a report on Friday, December 22nd. Finally, BidaskClub lowered Lakeland Financial from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Lakeland Financial presently has a consensus rating of “Buy” and an average target price of $52.00.
Lakeland Financial (LKFN) opened at $51.43 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.95 and a current ratio of 0.95. Lakeland Financial has a 12-month low of $39.68 and a 12-month high of $52.43. The stock has a market capitalization of $1,281.41, a P/E ratio of 22.17, a P/E/G ratio of 1.79 and a beta of 0.83.
Lakeland Financial (NASDAQ:LKFN) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. Lakeland Financial had a return on equity of 13.33% and a net margin of 30.67%. The company had revenue of $44.12 million during the quarter, compared to analyst estimates of $43.91 million. equities analysts forecast that Lakeland Financial will post 2.39 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 5th. Stockholders of record on Thursday, January 25th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Wednesday, January 24th. Lakeland Financial’s dividend payout ratio is presently 37.93%.
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About Lakeland Financial
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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