Currently, there are 25.51M common shares owned by the public and among those 24.73M shares have been available to trade.
The company’s stock has a 5-day price change of 3.56% and 1.65% over the past three months. LKFN shares are trading -0.54% year to date (YTD), with the 12-month market performance up to 11.53% higher. It has a 12-month low price of $57.45 and touched a high of $78.61 over the same period. LKFN has an average intraday trading volume of 120.55K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.04%, -4.27%, and 4.71% respectively.
Institutional ownership of Lakeland Financial Corp (NASDAQ: LKFN) shares accounts for 84.68% of the company’s 25.51M shares outstanding.
It has a market capitalization of $1.74B and a beta (3y monthly) value of 0.68. The stock’s trailing 12-month PE ratio is 17.80, while the earnings-per-share (ttm) stands at $3.84. The company has a debt-to-equity ratio at 0.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.88% over the week and 3.00% over the month.
Analysts forecast that Lakeland Financial Corp (LKFN) will achieve an EPS of 0.9 for the current quarter, 0.86 for the next quarter and 3.59 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.88 while analysts give the company a high EPS estimate of 0.88. Comparatively, EPS for the current quarter was 0.98 a year ago. Earnings per share for the fiscal year are expected to decrease by -1.78%, and 0.00% over the next financial year.
Looking at the support for the LKFN, a number of firms have released research notes about the stock. Raymond James stated their Outperform rating for the stock in a research note on February 21, 2023, with the firm’s price target at $78. DA Davidson on their part issued Neutral rating on December 29, 2014.
