News headlines about Lakeland Financial (NASDAQ:LKFN) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lakeland Financial earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 46.4127051772635 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Lakeland Financial (NASDAQ:LKFN) opened at $48.70 on Monday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.24. Lakeland Financial has a 1 year low of $39.68 and a 1 year high of $52.43. The firm has a market cap of $1,231.43, a P/E ratio of 21.74, a P/E/G ratio of 1.65 and a beta of 0.90.
Lakeland Financial (NASDAQ:LKFN) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.61 earnings per share for the quarter, hitting the consensus estimate of $0.61. Lakeland Financial had a net margin of 28.42% and a return on equity of 13.53%. The firm had revenue of $44.85 million during the quarter, compared to analysts’ expectations of $44.64 million. analysts expect that Lakeland Financial will post 2.96 earnings per share for the current fiscal year.
In related news, insider Jonathan P. Steiner sold 1,960 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $45.92, for a total value of $90,003.20. Following the completion of the transaction, the insider now owns 6,600 shares in the company, valued at approximately $303,072. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director M Scott Welch bought 25,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were acquired at an average price of $45.64 per share, with a total value of $1,141,000.00. The disclosure for this purchase can be found here. Insiders sold a total of 8,318 shares of company stock valued at $383,569 in the last 90 days. 4.40% of the stock is currently owned by corporate insiders.
About Lakeland Financial
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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