Lakeland Financial Corp (NASDAQ: LKFN) has reported E.P.S. of $0.88 for its second fiscal quarter (ending June 30) versus $0.57 for the same period a year ago — an increase of 54%. This performance was $0.03 better than the consensus estimate of $0.85. E.P.S. were $3.94 for the latest four quarters through June 30 versus $3.66 for the same period a year ago — an increase of 8%.
Recent Price Action
Lakeland Financial Corp (NASDAQ: LKFN) stock increased 1.5% on 7/25/24. The shares closed at $70.75. Moreover, this advance was accompanied by above average trading volume at 135% of normal. The stock has performed in line with the market over the last nine months and has risen 1.1% during the last week.
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 (Low Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Lakeland Financial has a slightly negative Appreciation Score of 33 and a neutral Power Rating of 55, triggering the Low Neutral Value Trend Rating.
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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