Lakeland Financial Corp. PT Raised to $40.00 (LKFN)
Research analysts at Keefe, Bruyette & Woods increased their price objective on shares of Lakeland Financial Corp. (NASDAQ:LKFN) from $39.00 to $40.00 in a report released on Friday. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 7.56% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at DA Davidson reiterated a “neutral” rating on shares of Lakeland Financial Corp. in a research note on Monday, April 28th. They now have a $41.00 price target on the stock. Analysts at Zacks downgraded shares of Lakeland Financial Corp. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 1st. They now have a $43.50 price target on the stock.
Lakeland Financial Corp. (NASDAQ:LKFN) traded up 1.10% on Friday, hitting $37.60. 9,972 shares of the company’s stock traded hands. Lakeland Financial Corp. has a one year low of $27.31 and a one year high of $41.46. The stock has a 50-day moving average of $36.55 and a 200-day moving average of $37.7. The company has a market cap of $617.9 million and a price-to-earnings ratio of 15.76.
Lakeland Financial Corp. (NASDAQ:LKFN) last released its earnings data on Friday, April 25th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.02. Analysts expect that Lakeland Financial Corp. will post $2.60 EPS for the current fiscal year.
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.
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