Equities analysts expect that Lakeland Financial Co. (NASDAQ:LKFN) will post earnings per share (EPS) of $0.61 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Lakeland Financial’s earnings, with the lowest EPS estimate coming in at $0.60 and the highest estimate coming in at $0.62. Lakeland Financial posted earnings per share of $0.53 in the same quarter last year, which suggests a positive year over year growth rate of 15.1%. The company is scheduled to issue its next earnings results on Wednesday, January 24th.

On average, analysts expect that Lakeland Financial will report full year earnings of $2.39 per share for the current year, with EPS estimates ranging from $2.38 to $2.40. For the next year, analysts expect that the firm will report earnings of $2.61 per share, with EPS estimates ranging from $2.50 to $2.78. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Lakeland Financial.

Lakeland Financial (NASDAQ:LKFN) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. The firm had revenue of $44.12 million during the quarter, compared to analyst estimates of $43.91 million. Lakeland Financial had a return on equity of 13.33% and a net margin of 30.67%.

A number of equities analysts recently commented on the company. ValuEngine lowered Lakeland Financial from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $50.00 price target on shares of Lakeland Financial in a research note on Friday, December 22nd. Zacks Investment Research raised Lakeland Financial from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Saturday, October 28th. Finally, BidaskClub lowered Lakeland Financial from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $51.00.

Lakeland Financial (LKFN) traded up $0.32 during midday trading on Friday, hitting $48.66. The stock had a trading volume of 116,439 shares, compared to its average volume of 94,284. The company has a market capitalization of $1,230.00, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 1.85 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.95 and a current ratio of 0.95. Lakeland Financial has a 1 year low of $39.68 and a 1 year high of $52.43.

A number of institutional investors have recently made changes to their positions in LKFN. Schwab Charles Investment Management Inc. lifted its stake in shares of Lakeland Financial by 1.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 107,296 shares of the financial services provider’s stock valued at $4,923,000 after purchasing an additional 1,030 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Lakeland Financial by 5.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 306,500 shares of the financial services provider’s stock valued at $14,061,000 after purchasing an additional 16,373 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Lakeland Financial by 2.7% in the 2nd quarter. Legal & General Group Plc now owns 5,932 shares of the financial services provider’s stock valued at $272,000 after purchasing an additional 156 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Lakeland Financial by 1,811.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,154 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 2,989 shares during the last quarter. Finally, Federated Investors Inc. PA lifted its stake in shares of Lakeland Financial by 2.0% in the 2nd quarter. Federated Investors Inc. PA now owns 25,252 shares of the financial services provider’s stock valued at $1,159,000 after purchasing an additional 493 shares during the last quarter. 69.96% of the stock is owned by institutional investors.

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Lakeland Financial Company Profile

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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