News headlines about Lakeland Financial (NASDAQ:LKFN) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lakeland Financial earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage 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 effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern’s rankings:
Several equities research analysts have weighed in on LKFN shares. BidaskClub cut Lakeland Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Zacks Investment Research upgraded Lakeland Financial from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $50.00 target price on shares of Lakeland Financial in a report on Friday, December 22nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $50.67.
Shares of NASDAQ LKFN traded down $1.27 during mid-day trading on Friday, reaching $46.23. 68,558 shares of the company were exchanged, compared to its average volume of 93,092. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $1,168.97, a P/E ratio of 19.34, a price-to-earnings-growth ratio of 1.56 and a beta of 0.86. Lakeland Financial has a 1 year low of $41.30 and a 1 year high of $52.43.
Lakeland Financial (NASDAQ:LKFN) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.61 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.61. The firm had revenue of $44.85 million during the quarter, compared to analysts’ expectations of $44.64 million. Lakeland Financial had a return on equity of 13.53% and a net margin of 28.42%. equities research analysts anticipate that Lakeland Financial will post 2.96 earnings per share for the current fiscal year.
In related news, insider Kristin Pruitt sold 600 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $48.21, for a total transaction of $28,926.00. Following the completion of the sale, the insider now directly owns 9,100 shares in the company, valued at approximately $438,711. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director M Scott Welch acquired 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were bought at an average price of $45.64 per share, with a total value of $1,141,000.00. The disclosure for this purchase can be found here. Insiders have sold a total of 10,768 shares of company stock valued at $502,282 over the last 90 days. 4.40% of the stock is currently owned by company 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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