Lakeland Financial Corp (NASDAQ: LKFN) has reported E.P.S. of $0.91 for its first fiscal quarter (ending March 31) versus $0.95 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $3.63 compared to $4.09 a year ago.
Recent Price Action
Lakeland Financial Corp (NASDAQ: LKFN) stock closed at $60.15 on 4/25/24 after a decline of -4.0%. Trading volume in this decline was normal. The stock has risen 2.5% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, LKFN is expected to continue to be a Value Builder.
Lakeland Financial has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Lakeland Financial has a slightly negative Appreciation Score of 34 but a very high Power Rating of 88, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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