Recent Research Analysts’ Ratings Changes for Lakeland Financial (LKFN)

A number of firms have modified their ratings and price targets on shares of Lakeland Financial (NASDAQ: LKFN) recently:

  • 1/12/2018 – Lakeland Financial 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. “
  • 1/4/2018 – Lakeland Financial was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 1/3/2018 – Lakeland Financial was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $54.00 price target on the stock. According to Zacks, “LAKELAND FINANCIAL CORP. is a bank holding company engaged in general banking business. “
  • 1/2/2018 – Lakeland Financial 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. “
  • 12/22/2017 – Lakeland Financial had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $50.00 price target on the stock.
  • 12/12/2017 – Lakeland Financial was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 11/30/2017 – Lakeland Financial was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 11/16/2017 – Lakeland Financial was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Shares of Lakeland Financial Co. (LKFN) opened at $50.71 on Friday. Lakeland Financial Co. has a fifty-two week low of $39.68 and a fifty-two week high of $52.43. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $1,225.98, a P/E ratio of 21.86, a P/E/G ratio of 1.86 and a beta of 0.83.

Lakeland Financial (NASDAQ:LKFN) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The company had revenue of $44.12 million for the quarter, compared to analysts’ expectations of $43.91 million. Lakeland Financial had a net margin of 30.67% and a return on equity of 13.33%. analysts expect that Lakeland Financial Co. will post 2.39 EPS for the current fiscal year.

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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