Somewhat Positive News Coverage Somewhat Unlikely to Affect Lakeland Financial Corporation (LKFN) Share Price

News coverage about Lakeland Financial Corporation (NASDAQ:LKFN) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lakeland Financial Corporation earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.9939289564364 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

Lakeland Financial Corporation (NASDAQ LKFN) traded up 1.87% during mid-day trading on Thursday, reaching $49.46. 88,667 shares of the company’s stock were exchanged. Lakeland Financial Corporation has a one year low of $35.23 and a one year high of $49.98. The firm has a market capitalization of $1.24 billion, a P/E ratio of 22.18 and a beta of 0.86. The company’s 50-day moving average is $46.95 and its 200 day moving average is $45.43.

Lakeland Financial Corporation (NASDAQ:LKFN) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. Lakeland Financial Corporation had a return on equity of 13.06% and a net margin of 30.72%. The company had revenue of $44.12 million for the quarter, compared to the consensus estimate of $43.91 million. Equities analysts predict that Lakeland Financial Corporation will post $2.38 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 6th. Stockholders of record on Wednesday, October 25th will be given a $0.22 dividend. The ex-dividend date is Tuesday, October 24th. This represents a $0.88 annualized dividend and a dividend yield of 1.78%. Lakeland Financial Corporation’s dividend payout ratio is currently 39.46%.

A number of equities research analysts have recently issued reports on LKFN shares. ValuEngine raised shares of Lakeland Financial Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Lakeland Financial Corporation from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Saturday, August 26th. Finally, BidaskClub cut shares of Lakeland Financial Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $48.00.

COPYRIGHT VIOLATION WARNING: This story was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this story can be viewed at https://www.dispatchtribunal.com/2017/10/26/somewhat-positive-news-coverage-somewhat-unlikely-to-affect-lakeland-financial-lkfn-stock-price.html.

In other news, insider Batty Jill A. De sold 800 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 8,132 shares in the company, valued at $352,196.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric H. Ottinger sold 1,899 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $46.28, for a total value of $87,885.72. Following the completion of the sale, the insider now owns 21,500 shares in the company, valued at $995,020. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 10,613 shares of company stock worth $447,131 and sold 3,149 shares worth $142,334. 5.00% of the stock is owned by corporate insiders.

About Lakeland Financial Corporation

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.

Insider Buying and Selling by Quarter for Lakeland Financial Corporation (NASDAQ:LKFN)

Receive News & Ratings for Lakeland Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lakeland Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply