Lakeland Financial (LKFN) Scheduled to Post Quarterly Earnings on Monday

Lakeland Financial (NASDAQ:LKFNGet Rating) will be posting its quarterly earnings results before the market opens on Monday, April 25th. Analysts expect Lakeland Financial to post earnings of $0.88 per share for the quarter.

Lakeland Financial (NASDAQ:LKFNGet Rating) last announced its quarterly earnings data on Tuesday, January 25th. The financial services provider reported $0.95 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.02). The company had revenue of $54.72 million during the quarter, compared to analysts’ expectations of $57.47 million. Lakeland Financial had a net margin of 40.23% and a return on equity of 14.09%. During the same period in the previous year, the business earned $0.97 earnings per share. On average, analysts expect Lakeland Financial to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of Lakeland Financial stock opened at $76.40 on Friday. The firm has a market capitalization of $1.97 billion, a P/E ratio of 20.43 and a beta of 0.73. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average price of $77.11 and a 200 day moving average price of $76.93. Lakeland Financial has a 52 week low of $56.06 and a 52 week high of $85.71.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 5th. Stockholders of record on Monday, April 25th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Friday, April 22nd. Lakeland Financial’s dividend payout ratio (DPR) is 42.78%.

In related news, Director Michael L. Kubacki sold 35,597 shares of the firm’s stock in a transaction dated Friday, January 28th. The stock was sold at an average price of $78.56, for a total transaction of $2,796,500.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael L. Kubacki sold 24,000 shares of the firm’s stock in a transaction dated Wednesday, February 16th. The shares were sold at an average price of $81.35, for a total value of $1,952,400.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,521 shares of company stock valued at $5,719,506. Company insiders own 4.00% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of LKFN. Wells Fargo & Company MN boosted its position in Lakeland Financial by 42.3% during the 4th quarter. Wells Fargo & Company MN now owns 47,139 shares of the financial services provider’s stock valued at $3,778,000 after purchasing an additional 14,013 shares during the period. Deutsche Bank AG boosted its position in Lakeland Financial by 4.3% during the 4th quarter. Deutsche Bank AG now owns 16,445 shares of the financial services provider’s stock valued at $1,318,000 after purchasing an additional 677 shares during the period. California State Teachers Retirement System boosted its position in Lakeland Financial by 2.1% during the 4th quarter. California State Teachers Retirement System now owns 34,683 shares of the financial services provider’s stock worth $2,779,000 after acquiring an additional 722 shares during the period. Parametric Portfolio Associates LLC boosted its position in Lakeland Financial by 10.6% during the 4th quarter. Parametric Portfolio Associates LLC now owns 51,186 shares of the financial services provider’s stock worth $4,102,000 after acquiring an additional 4,889 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in Lakeland Financial by 0.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 20,589 shares of the financial services provider’s stock worth $1,650,000 after acquiring an additional 139 shares during the period. Institutional investors own 81.43% of the company’s stock.

LKFN has been the topic of several recent research reports. Zacks Investment Research cut shares of Lakeland Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, April 6th. StockNews.com began coverage on shares of Lakeland Financial in a report on Thursday, March 31st. They issued a “sell” rating on the stock.

Lakeland Financial Company Profile (Get Rating)

Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services. The company accepts various deposit products, such as noninterest bearing, interest-bearing checking, savings, money market, NOW, and demand deposits. Its loan products include commercial and industrial, commercial real estate and multi-family residential, agri-business and agricultural, consumer 1-4 family mortgage, and other consumer loans.

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Earnings History for Lakeland Financial (NASDAQ:LKFN)

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