BidaskClub Lowers Lakeland Financial (LKFN) to Buy

BidaskClub cut shares of Lakeland Financial (NASDAQ:LKFN) from a strong-buy rating to a buy rating in a research report released on Tuesday morning.

LKFN has been the topic of several other reports. ValuEngine lowered shares of Lakeland Financial from a buy rating to a hold rating in a report on Thursday, November 16th. Zacks Investment Research raised shares of Lakeland Financial from a hold rating to a buy rating and set a $55.00 price target on the stock in a report on Saturday, October 28th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $49.00.

Shares of Lakeland Financial (NASDAQ LKFN) traded down $0.62 on Tuesday, hitting $48.30. 131,600 shares of the stock were exchanged, compared to its average volume of 74,093. The stock has a market capitalization of $1,232.54, a price-to-earnings ratio of 21.09, a PEG ratio of 2.05 and a beta of 0.83. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.07. Lakeland Financial has a 12-month low of $39.68 and a 12-month high of $52.43.

Lakeland Financial (NASDAQ:LKFN) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The firm had revenue of $44.12 million for the quarter, compared to analyst estimates of $43.91 million. Lakeland Financial had a net margin of 30.67% and a return on equity of 13.33%. equities research analysts forecast that Lakeland Financial will post 2.38 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA boosted its holdings in Lakeland Financial by 1,811.5% in the second quarter. BNP Paribas Arbitrage SA now owns 3,154 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 2,989 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Lakeland Financial in the third quarter valued at $208,000. Airain ltd purchased a new stake in Lakeland Financial in the second quarter valued at $229,000. Dynamic Technology Lab Private Ltd purchased a new stake in Lakeland Financial in the second quarter valued at $234,000. Finally, Prudential Financial Inc. boosted its holdings in Lakeland Financial by 4.4% in the second quarter. Prudential Financial Inc. now owns 5,502 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 230 shares during the last quarter. 69.98% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “BidaskClub Lowers Lakeland Financial (LKFN) to Buy” was originally posted by Community Financial News and is owned by of Community Financial News. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://www.com-unik.info/2017/12/15/bidaskclub-lowers-lakeland-financial-lkfn-to-buy.html.

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.

What are top analysts saying about Lakeland Financial? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Lakeland Financial and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit