Analysts See $0.61 EPS for Lakeland Financial Corporation (LKFN)

January 14, 2018 - By Michael Collier

 Analysts See $0.61 EPS for Lakeland Financial Corporation (LKFN)
Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.15, from 1.17 in 2017Q2. It turned negative, as 10 investors sold Lakeland Financial Corporation shares while 39 reduced holdings. 10 funds opened positions while 40 raised stakes. 17.46 million shares or 0.94% more from 17.30 million shares in 2017Q2 were reported.
301,539 are held by National Bank & Trust Of New York Mellon. Moreover, Gsa Partners Llp has 0.09% invested in Lakeland Financial Corporation (NASDAQ:LKFN) for 27,707 shares. Cs Mckee L P holds 0.13% of its portfolio in Lakeland Financial Corporation (NASDAQ:LKFN) for 35,325 shares. Royal State Bank Of Canada reported 5,703 shares stake. Motley Fool Wealth Management Ltd Company reported 0.37% of its portfolio in Lakeland Financial Corporation (NASDAQ:LKFN). Principal Financial Group Inc holds 0% of its portfolio in Lakeland Financial Corporation (NASDAQ:LKFN) for 14,174 shares. Legal And General Gp Public Lc owns 6,323 shares or 0% of their US portfolio. D E Shaw & Com holds 20,213 shares. Goldman Sachs Grp Inc Incorporated Inc holds 0.01% in Lakeland Financial Corporation (NASDAQ:LKFN) or 921,679 shares. Ubs Asset Mngmt Americas has invested 0% in Lakeland Financial Corporation (NASDAQ:LKFN). Great West Life Assurance Communication Can invested in 3,900 shares. State Common Retirement Fund has 0% invested in Lakeland Financial Corporation (NASDAQ:LKFN) for 30,600 shares. Columbia Wanger Asset Mngmt Ltd Co holds 293,223 shares. Citigroup invested 0% of its portfolio in Lakeland Financial Corporation (NASDAQ:LKFN). 6,921 are held by Pub Employees Retirement Association Of Colorado.

Since August 8, 2017, it had 2 buys, and 3 selling transactions for $87,865 activity. $4,969 worth of Lakeland Financial Corporation (NASDAQ:LKFN) shares were bought by Smith Brian J. $87,886 worth of stock was sold by Ottinger Eric H on Tuesday, August 8. DE BATTY JILL A had sold 800 shares worth $34,648 on Tuesday, September 5. 450 Lakeland Financial Corporation (NASDAQ:LKFN) shares with value of $19,800 were sold by Pruitt Kristin.

Analysts expect Lakeland Financial Corporation (NASDAQ:LKFN) to report $0.61 EPS on January, 24.They anticipate $0.08 EPS change or 15.09 % from last quarter’s $0.53 EPS. LKFN’s profit would be $15.37M giving it 20.93 P/E if the $0.61 EPS is correct. After having $0.62 EPS previously, Lakeland Financial Corporation’s analysts see -1.61 % EPS growth. The stock increased 0.73% or $0.37 during the last trading session, reaching $51.08. About 71,497 shares traded. Lakeland Financial Corporation (NASDAQ:LKFN) has risen 35.39% since January 14, 2017 and is uptrending. It has outperformed by 18.69% the S&P500.

Lakeland Financial Corporation (NASDAQ:LKFN) Ratings Coverage

Among 6 analysts covering Lakeland Financial (NASDAQ:LKFN), 0 have Buy rating, 0 Sell and 6 Hold. Therefore 0 are positive. Lakeland Financial has $50.0 highest and $32 lowest target. $41’s average target is -19.73% below currents $51.08 stock price. Lakeland Financial had 9 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Mkt Perform” rating on Thursday, December 17 by Raymond James. The firm earned “Equal-Weight” rating on Monday, June 13 by Stephens. The firm has “Hold” rating by Keefe Bruyette & Woods given on Wednesday, November 29. The firm has “Market Perform” rating given on Tuesday, August 9 by Wood. The stock of Lakeland Financial Corporation (NASDAQ:LKFN) has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. FIG Partners downgraded the shares of LKFN in report on Tuesday, October 27 to “Market Perform” rating. Keefe Bruyette & Woods maintained it with “Hold” rating and $4500 target in Thursday, June 1 report. The firm has “Neutral” rating given on Thursday, July 21 by DA Davidson.

Lakeland Financial Corporation operates as the bank holding firm for Lake City Bank that provides various financial services in Indiana. The company has market cap of $1.29 billion. The firm offers various deposit products, including noninterest bearing deposits; interest-bearing checking, savings, and money market deposits; and NOW and demand deposits. It has a 22.11 P/E ratio. It also provides commercial and industrial loans, commercial real estate and multi-family residential loans, agri-business and agricultural loans, and other commercial loans; and consumer 1-4 family mortgage loans and other consumer loans.

More recent Lakeland Financial Corporation (NASDAQ:LKFN) news were published by: Nasdaq.com which released: “6 Reasons to Add Lakeland Financial (LKFN) to Your Portfolio” on December 14, 2017. Also Nasdaq.com published the news titled: “Lakeland Financial Corporation (LKFN) Ex-Dividend Date Scheduled for July 21, 2017” on July 20, 2017. Globenewswire.com‘s news article titled: “Lakeland Financial Reports Record Performance” with publication date: October 25, 2017 was also an interesting one.

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