6 days Ago By ABMN Staff
Lakeland Financial ( NASDAQ:LKFN – Free Report ) had its price objective trimmed by Keefe, Bruyette & Woods from $69.00 to $65.00 in a research note issued to investors on Monday morning, Benzinga reports.
The firm currently has a market perform rating on the financial services provider’s stock. Separately, Hovde Group assumed coverage on shares of Lakeland Financial in a research note on Friday, March 21st. They set a “market perform” rating and a $66.
00 price objective on the stock. View Our Latest Report on Lakeland Financial Lakeland Financial Stock Performance Lakeland Financial ( NASDAQ:LKFN – Get Free Report ) last released its quarterly earnings data on Friday, April 25th. The financial services provider reported $0.
78 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.09).
The business had revenue of $90.46 million for the quarter, compared to analyst estimates of $63.54 million.
Lakeland Financial had a return on equity of 13.31% and a net margin of 21.74%.
During the same quarter last year, the company earned $0.91 EPS. On average, equities analysts predict that Lakeland Financial will post 3.
7 earnings per share for the current year. Lakeland Financial Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Friday, April 25th will be given a $0.
50 dividend. This represents a $2.00 annualized dividend and a yield of 3.
65%. The ex-dividend date is Friday, April 25th. Lakeland Financial’s dividend payout ratio (DPR) is 57.
14%. Insiders Place Their Bets In related news, Director M Scott Welch acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $61.
40 per share, for a total transaction of $307,000.00. Following the completion of the acquisition, the director now directly owns 39,000 shares of the company’s stock, valued at approximately $2,394,600.
The trade was a 14.71 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website .
Also, SVP Donald Robinson-Gay sold 550 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $66.25, for a total transaction of $36,437.
50. Following the completion of the transaction, the senior vice president now owns 4,974 shares of the company’s stock, valued at $329,527.50.
This trade represents a 9.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
3.00% of the stock is owned by insiders. Institutional Inflows and Outflows Institutional investors and hedge funds have recently made changes to their positions in the stock.
Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Lakeland Financial in the fourth quarter valued at approximately $25,000.
R Squared Ltd bought a new position in shares of Lakeland Financial in the fourth quarter valued at approximately $50,000. Sterling Capital Management LLC lifted its stake in Lakeland Financial by 809.9% during the fourth quarter.
Sterling Capital Management LLC now owns 737 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 656 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new stake in Lakeland Financial during the fourth quarter valued at approximately $53,000. Finally, GAMMA Investing LLC lifted its stake in Lakeland Financial by 60.
3% during the first quarter. GAMMA Investing LLC now owns 1,085 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 408 shares during the last quarter. 81.
15% of the stock is currently owned by institutional investors. About Lakeland Financial ( Get Free Report ) Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services in the United States. The company accepts various deposit products, such as noninterest bearing, interest-bearing checking, savings, money market, NOW, and demand deposits.
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