Lakeland Financial Corp (NASDAQ: LKFN) has recently experienced extremely important negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, its longer term price trend turned down, and negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Lakeland Financial has a slightly negative Appreciation Score of 37 and a neutral Power Rating of 50, with the Low Neutral Value Trend Rating the result.
Recent Price Action
Lakeland Financial Corp (NASDAQ: LKFN) stock declined by -2.7% on 10/1/24. The shares closed at $63.36. However, trading volume in this decline was below average at 71% of normal. The stock has declined -5.6% during the last week and has performed in line with the market over the last nine months.
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