Home NewsFinancial News Lakeland Financial (LKFN) Scheduled to Post Quarterly Earnings on Tuesday

Lakeland Financial (LKFN) Scheduled to Post Quarterly Earnings on Tuesday

by WOOWinvest
0 comment
Lakeland Financial (LKFN) Scheduled to Post Quarterly Earnings on Tuesday


Lakeland Financial (NASDAQ:LKFN – Get Rating) is set to issue its quarterly earnings data before the market opens on Tuesday, October 25th. Analysts expect the company to announce earnings of $1.01 per share for the quarter.

Lakeland Financial (NASDAQ:LKFN – Get Rating) last announced its quarterly earnings results on Monday, July 25th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.05. The business had revenue of $59.17 million for the quarter, compared to analyst estimates of $59.42 million. Lakeland Financial had a net margin of 40.50% and a return on equity of 15.27%. During the same quarter last year, the firm earned $0.95 EPS. On average, analysts expect Lakeland Financial to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Lakeland Financial Stock Up 0.9 %

Shares of Lakeland Financial stock opened at $76.10 on Friday. The company’s fifty day simple moving average is $76.49 and its two hundred day simple moving average is $73.17. The firm has a market cap of $1.93 billion, a PE ratio of 19.97 and a beta of 0.74. Lakeland Financial has a 12-month low of $64.05 and a 12-month high of $85.71.

Lakeland Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 7th. Stockholders of record on Tuesday, October 25th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Monday, October 24th. Lakeland Financial’s payout ratio is currently 41.99%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Stephens upped their price target on shares of Lakeland Financial to $80.00 in a report on Tuesday, August 23rd. StockNews.com assumed coverage on shares of Lakeland Financial in a report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Insiders Place Their Bets

In other Lakeland Financial news, CFO Lisa M. O’neill sold 1,100 shares of the stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $76.79, for a total transaction of $84,469.00. Following the transaction, the chief financial officer now directly owns 24,320 shares in the company, valued at approximately $1,867,532.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Lakeland Financial news, CFO Lisa M. O’neill sold 1,000 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $76.98, for a total transaction of $76,980.00. Following the completion of the sale, the chief financial officer now directly owns 25,420 shares of the company’s stock, valued at $1,956,831.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Lisa M. O’neill sold 1,100 shares of the stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $76.79, for a total transaction of $84,469.00. Following the sale, the chief financial officer now directly owns 24,320 shares of the company’s stock, valued at $1,867,532.80. The disclosure for this sale can be found here. Insiders have sold a total of 2,350 shares of company stock worth $180,187 in the last three months. Corporate insiders own 4.00% of the company’s stock.

Institutional Trading of Lakeland Financial

Several hedge funds have recently modified their holdings of the company. Legal & General Group Plc raised its position in shares of Lakeland Financial by 1.2% in the 2nd quarter. Legal & General Group Plc now owns 61,792 shares of the financial services provider’s stock valued at $4,104,000 after purchasing an additional 705 shares during the last quarter. First Republic Investment Management Inc. purchased a new position in shares of Lakeland Financial in the 2nd quarter valued at approximately $555,000. Captrust Financial Advisors raised its position in shares of Lakeland Financial by 45.3% in the 2nd quarter. Captrust Financial Advisors now owns 542 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 169 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Lakeland Financial in the 2nd quarter valued at approximately $533,000. Finally, Thrivent Financial for Lutherans raised its position in shares of Lakeland Financial by 20.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 24,902 shares of the financial services provider’s stock valued at $1,654,000 after purchasing an additional 4,305 shares during the last quarter. 81.26% of the stock is owned by hedge funds and other institutional investors.

Lakeland Financial Company Profile

(Get Rating)

Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services. The company accepts various deposit products, such as non-interest bearing, interest-bearing checking, savings, money market, NOW, and demand deposits. Its loan products include commercial and industrial, commercial real estate and multi-family residential, agri-business and agricultural, consumer 1-4 family mortgage, and other consumer loans.

Featured Articles

Earnings History for Lakeland Financial (NASDAQ:LKFN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Before you consider Lakeland Financial, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Lakeland Financial wasn’t on the list.

While Lakeland Financial currently has a “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

You may also like

Leave a Comment

Our Mission is to help you make better trading decisions by providing actionable investing content, comprehensive tools, educational resources and assist you in making more money in the stock market.

Latest News

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

@2022 – All Right Reserved. Designed and Developed by WOOW Invest

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy