Lakeland Financial Corporation (LKFN) EPS Estimated At $0.61

January 14, 2018 - By Dolores Ford

 Lakeland Financial Corporation (LKFN) EPS Estimated At $0.61
Investors sentiment decreased to 1.02 in 2017 Q3. Its down 0.15, from 1.17 in 2017Q2. It fall, as 10 investors sold Lakeland Financial Corporation shares while 39 reduced holdings. 10 funds opened positions while 40 raised stakes. 17.46 million shares or 0.94% more from 17.30 million shares in 2017Q2 were reported.
Citigroup reported 74 shares or 0% of all its holdings. Blackrock Inc stated it has 1.71M shares or 0% of all its holdings. 9,564 are held by Matarin Cap Mgmt Ltd Liability Corporation. Btim holds 0.2% or 269,865 shares in its portfolio. Massachusetts-based Commonwealth Equity Services Incorporated has invested 0% in Lakeland Financial Corporation (NASDAQ:LKFN). Moreover, Raymond James Associates has 0% invested in Lakeland Financial Corporation (NASDAQ:LKFN). Missouri-based Stieven Capital Advsrs L P has invested 0.04% in Lakeland Financial Corporation (NASDAQ:LKFN). Millennium Ltd Liability Corp has invested 0.01% of its portfolio in Lakeland Financial Corporation (NASDAQ:LKFN). Los Angeles Capital Equity Rech has invested 0% in Lakeland Financial Corporation (NASDAQ:LKFN). Northern Trust Corp reported 0.01% in Lakeland Financial Corporation (NASDAQ:LKFN). Moreover, Tiaa Cref Mgmt Ltd Liability Corp has 0% invested in Lakeland Financial Corporation (NASDAQ:LKFN) for 76,401 shares. Emerald Mutual Fund Advisers Trust has 0.09% invested in Lakeland Financial Corporation (NASDAQ:LKFN). Clarivest Asset Management Ltd Liability reported 9 shares stake. Ameriprise Finance reported 126,066 shares. Price T Rowe Inc Md has invested 0% of its portfolio in Lakeland Financial Corporation (NASDAQ:LKFN).

Since August 8, 2017, it had 2 insider buys, and 3 insider sales for $87,865 activity. The insider Pruitt Kristin sold $19,800. On Tuesday, August 8 the insider Ottinger Eric H sold $87,886. DE BATTY JILL A also sold $34,648 worth of Lakeland Financial Corporation (NASDAQ:LKFN) shares. HIATT THOMAS also bought $49,500 worth of Lakeland Financial Corporation (NASDAQ:LKFN) shares.

Analysts expect Lakeland Financial Corporation (NASDAQ:LKFN) to report $0.61 EPS on January, 24.They anticipate $0.08 EPS change or 15.09 % from last quarter’s $0.53 EPS. LKFN’s profit would be $15.37M giving it 20.93 P/E if the $0.61 EPS is correct. After having $0.62 EPS previously, Lakeland Financial Corporation’s analysts see -1.61 % EPS growth. The stock increased 0.73% or $0.37 during the last trading session, reaching $51.08. About 71,497 shares traded. Lakeland Financial Corporation (NASDAQ:LKFN) has risen 35.39% since January 14, 2017 and is uptrending. It has outperformed by 18.69% the S&P500.

Lakeland Financial Corporation (NASDAQ:LKFN) Ratings Coverage

Among 6 analysts covering Lakeland Financial (NASDAQ:LKFN), 0 have Buy rating, 0 Sell and 6 Hold. Therefore 0 are positive. Lakeland Financial has $50.0 highest and $32 lowest target. $41’s average target is -19.73% below currents $51.08 stock price. Lakeland Financial had 9 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was downgraded by FIG Partners to “Market Perform” on Tuesday, October 27. The stock of Lakeland Financial Corporation (NASDAQ:LKFN) has “Equal-Weight” rating given on Monday, June 13 by Stephens. As per Thursday, December 17, the company rating was downgraded by Raymond James. Wood maintained Lakeland Financial Corporation (NASDAQ:LKFN) on Tuesday, August 9 with “Market Perform” rating. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, June 1. The rating was initiated by DA Davidson on Thursday, July 21 with “Neutral”. The stock has “Hold” rating by Keefe Bruyette & Woods on Wednesday, November 29. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods.

Lakeland Financial Corporation operates as the bank holding firm for Lake City Bank that provides various financial services in Indiana. The company has market cap of $1.29 billion. The firm offers various deposit products, including noninterest bearing deposits; interest-bearing checking, savings, and money market deposits; and NOW and demand deposits. It has a 22.11 P/E ratio. It also provides commercial and industrial loans, commercial real estate and multi-family residential loans, agri-business and agricultural loans, and other commercial loans; and consumer 1-4 family mortgage loans and other consumer loans.

More recent Lakeland Financial Corporation (NASDAQ:LKFN) news were published by: Globenewswire.com which released: “Lakeland Financial Reports Record Performance” on October 25, 2017. Also Nasdaq.com published the news titled: “6 Reasons to Add Lakeland Financial (LKFN) to Your Portfolio” on December 14, 2017. Nasdaq.com‘s news article titled: “Lakeland Financial Corporation (LKFN) Ex-Dividend Date Scheduled for July 21, 2017” with publication date: July 20, 2017 was also an interesting one.

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