Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Lakeland Financial Corporation (NASDAQ:LKFN) Share Price
Media stories about Lakeland Financial Corporation (NASDAQ:LKFN) have trended somewhat positive recently, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lakeland Financial Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 47.1005856770914 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Brokerages Anticipate Lakeland Financial Corporation (NASDAQ:LKFN) Will Announce Quarterly Sales of $43.91 Million (americanbankingnews.com)
- Lakeland Financial Corporation (LKFN) CFO Acquires $21,750.00 in Stock (americanbankingnews.com)
- Brent Simonich Sells 5696 Shares of E*TRADE Financial Corporation (NASDAQ:ETFC) Stock (lazeresportes.com)
- Lakeland Financial Corporation (LKFN) Insider Sells $87,885.72 in Stock (americanbankingnews.com)
Several analysts have recently commented on the stock. BidaskClub cut shares of Lakeland Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised shares of Lakeland Financial Corporation from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Tuesday, June 27th. Keefe, Bruyette & Woods set a $43.00 price target on shares of Lakeland Financial Corporation and gave the company a “hold” rating in a research note on Tuesday, April 18th. Finally, DA Davidson raised shares of Lakeland Financial Corporation from a “neutral” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Thursday, May 18th.
Shares of Lakeland Financial Corporation (NASDAQ LKFN) opened at 43.69 on Friday. Lakeland Financial Corporation has a 1-year low of $33.98 and a 1-year high of $48.88. The stock’s 50 day moving average is $45.89 and its 200 day moving average is $44.81. The company has a market capitalization of $1.09 billion, a PE ratio of 19.59 and a beta of 0.83.
Lakeland Financial Corporation (NASDAQ:LKFN) last announced its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.05. The company had revenue of $42.61 million for the quarter, compared to analyst estimates of $41.86 million. Lakeland Financial Corporation had a net margin of 30.72% and a return on equity of 13.06%. On average, equities research analysts anticipate that Lakeland Financial Corporation will post $2.37 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Tuesday, July 25th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Friday, July 21st. Lakeland Financial Corporation’s dividend payout ratio (DPR) is presently 39.46%.
In other Lakeland Financial Corporation news, insider Eric H. Ottinger sold 1,899 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $46.28, for a total transaction of $87,885.72. Following the sale, the insider now directly owns 21,500 shares of the company’s stock, valued at approximately $995,020. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Batty Jill A. De sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $42.61, for a total transaction of $25,566.00. Following the sale, the insider now directly owns 9,232 shares in the company, valued at $393,375.52. The disclosure for this sale can be found here. Insiders have sold a total of 4,999 shares of company stock worth $220,777 over the last ninety days. 5.00% of the stock is currently owned by insiders.
TRADEMARK VIOLATION WARNING: This piece of content was reported by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international trademark and copyright laws. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/somewhat-favorable-press-coverage-somewhat-unlikely-to-affect-lakeland-financial-corporation-nasdaqlkfn-share-price/1480539.html.
Lakeland Financial Corporation 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.
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 Analyst Ratings Network's FREE daily email newsletter.