Lakeland Financial Corp (LKFN) is looking forward to a strong quarter

With 90433.0 shares changed hands, the volume of the stock remained lighter than its average volume of 0.12 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $68.76 whereas the lowest price it dropped to was $67.19. The 52-week range on LKFN shows that it touched its highest point at $78.61 and its lowest point at $57.45 during that stretch. It currently has a 1-year price target of $71.25. With its current market cap of 1.74 billion, LKFN has annualized dividend of $1.92 while the current yield stands at 2.82%. Beta for the stock currently stands at 0.68.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LKFN was down-trending over the past week, with a drop of -0.99%, but this was down by -7.79% over a month. Three-month performance surged to 9.07% while six-month performance rose 14.50%. The stock gained 6.93% in the past year, while it has lost -0.99% so far this year. A look at the trailing 12-month EPS for LKFN yields 3.84 with Next year EPS estimates of 3.58. For the next quarter, that number is 0.90. This implies an EPS growth rate of -1.78% for this year and 0.00% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 3.12%.

Float and Shares Shorts:

At present, 25.51 million LKFN shares are outstanding with a float of 24.74 million shares on hand for trading. On 2024-12-13, short shares totaled 2.19 million, which was 859.0 higher than short shares on 1731628800. In addition to Mr. David M. Findlay as the firm’s Chairman & CEO, Ms. Kristin L. Pruitt J.D. serves as its President & Director.

Institutional Ownership:

Through their ownership of 0.85713995 of LKFN’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LKFN since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With LKFN analysts setting a high price target of 75.0 and a low target of 66.0, the average target price over the next 12 months is 71.25. Based on these targets, LKFN could surge 10.16% to reach the target high and fall by -3.06% to reach the target low. Reaching the average price target will result in a growth of 4.66% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $3.61592 being high and $3.57452 being low. For LKFN, this leads to a yearly average estimate of $3.585.