Lakeland Financial (LKFN) Earning Somewhat Positive Press Coverage, Analysis Finds
Headlines about Lakeland Financial (NASDAQ:LKFN) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lakeland Financial earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 45.8122906020827 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several equities research analysts have weighed in on the company. ValuEngine upgraded Lakeland Financial from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Zacks Investment Research upgraded Lakeland Financial from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Tuesday, September 26th. Finally, BidaskClub cut Lakeland Financial from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $49.00.
Lakeland Financial (NASDAQ LKFN) opened at $49.32 on Thursday. Lakeland Financial has a 12 month low of $39.68 and a 12 month high of $52.43. The company has a market capitalization of $1,278.89, a price-to-earnings ratio of 21.88, a PEG ratio of 2.13 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 (NASDAQ:LKFN) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.62 EPS for the quarter, beating 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 analysts’ expectations of $43.91 million. sell-side analysts predict that Lakeland Financial will post 2.38 earnings per share for the current fiscal year.
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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.
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