Several analysts have recently updated their ratings and price targets for Lakeland Financial Corporation (NASDAQ: LKFN):

  • 9/4/2017 – Lakeland Financial Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $49.00 price target on the stock. According to Zacks, “LAKELAND FINANCIAL CORP. is a bank holding company engaged in general banking business. “
  • 9/1/2017 – Lakeland Financial Corporation was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/1/2017 – Lakeland Financial Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “LAKELAND FINANCIAL CORP. is a bank holding company engaged in general banking business. “
  • 8/26/2017 – Lakeland Financial Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $49.00 price target on the stock. According to Zacks, “LAKELAND FINANCIAL CORP. is a bank holding company engaged in general banking business. “
  • 8/25/2017 – Lakeland Financial Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “LAKELAND FINANCIAL CORP. is a bank holding company engaged in general banking business. “
  • 8/14/2017 – Lakeland Financial Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/19/2017 – Lakeland Financial Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Lakeland Financial Corporation (NASDAQ:LKFN) traded up 0.02% on Friday, reaching $44.34. 130,917 shares of the company’s stock traded hands. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 19.88 and a beta of 0.84. The firm has a 50-day moving average price of $44.34 and a 200-day moving average price of $44.59. Lakeland Financial Corporation has a 52 week low of $33.98 and a 52 week high of $48.88.

Lakeland Financial Corporation (NASDAQ:LKFN) last issued its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. The firm had revenue of $42.61 million during the quarter, compared to the consensus estimate of $41.86 million. Lakeland Financial Corporation had a return on equity of 13.06% and a net margin of 30.72%. On average, analysts predict that Lakeland Financial Corporation will post $2.37 earnings per share for the current year.

In other Lakeland Financial Corporation news, Director M Scott Welch bought 5,557 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was purchased at an average price of $41.83 per share, for a total transaction of $232,449.31. Following the completion of the purchase, the director now directly owns 112,148 shares in the company, valued at $4,691,150.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Eric H. Ottinger sold 1,899 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $46.28, for a total value of $87,885.72. Following the sale, the insider now owns 21,500 shares of the company’s stock, valued at approximately $995,020. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 10,500 shares of company stock valued at $442,138 and have sold 3,149 shares valued at $142,334. Company insiders own 5.00% of the company’s stock.

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.

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