Lakeland Financial Corp. Price Target Increased to $36.00 by Analysts at DA Davidson (LKFN)
Investment analysts at DA Davidson lifted their target price on shares of Lakeland Financial Corp. (NASDAQ:LKFN) from $35.00 to $36.00 in a note issued to investors on Tuesday, American Banking News reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s price objective points to a potential downside of 0.39% from the company’s current price.
Shares of Lakeland Financial Corp. (NASDAQ:LKFN) traded up 0.70% on Tuesday, hitting $36.14. The stock had a trading volume of 116,123 shares. Lakeland Financial Corp. has a 52-week low of $23.47 and a 52-week high of $33.27. The stock’s 50-day moving average is $32.0 and its 200-day moving average is $28.5. The company has a market cap of $591.3 million and a price-to-earnings ratio of 16.17.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, November 5th. Investors of record on Friday, October 25th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Wednesday, October 23rd.
A number of other analysts have also recently weighed in on LKFN. Analysts at Raymond James raised their price target on shares of Lakeland Financial Corp. from $36.00 to $40.00 in a research note to investors on Monday. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Lakeland Financial Corp. from $33.00 to $35.00 in a research note to investors on Monday. They now have a “market perform” rating on the stock. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Lakeland Financial Corp. presently has an average rating of “Buy” and an average target price of $33.60.
Lakeland Financial Corporation is a bank holding company. The Company owns all of the outstanding stock of Lake City Bank (NASDAQ:LKFN), which is a full-service commercial bank.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.