Press coverage about Lakeland Financial (NASDAQ:LKFN) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lakeland Financial earned a news impact score of 0.12 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.5100717149609 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
Lakeland Financial (LKFN) opened at $48.24 on Friday. Lakeland Financial has a twelve month low of $39.68 and a twelve month high of $52.43. The firm has a market capitalization of $1,219.80, a price-to-earnings ratio of 21.54, a P/E/G ratio of 1.62 and a beta of 0.90. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.24.
Lakeland Financial (NASDAQ:LKFN) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.61 earnings per share for the quarter, hitting 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 firm had revenue of $44.85 million for the quarter, compared to analyst estimates of $44.64 million. analysts expect that Lakeland Financial will post 2.97 EPS for the current fiscal year.
LKFN has been the topic of a number of recent analyst reports. ValuEngine raised Lakeland Financial from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. BidaskClub lowered Lakeland Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $50.00 price objective on shares of Lakeland Financial in a report on Friday, December 22nd. Finally, Zacks Investment Research lowered Lakeland Financial from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Lakeland Financial has a consensus rating of “Hold” and an average target price of $52.00.
In other Lakeland Financial news, SVP Batty Jill A. De sold 1,400 shares of the company’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $48.60, for a total value of $68,040.00. Following the sale, the senior vice president now owns 10,386 shares of the company’s stock, valued at $504,759.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Lisa M. O’neill sold 1,050 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $48.26, for a total value of $50,673.00. Following the completion of the sale, the chief financial officer now directly owns 16,756 shares in the company, valued at approximately $808,644.56. The disclosure for this sale can be found here. Insiders sold 10,768 shares of company stock worth $502,282 in the last three months. 4.40% of the stock is owned by corporate insiders.
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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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