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Lakeland Financial (LKFN) Projected to Post Quarterly Earnings on Friday

Lakeland Financial logo with Finance background

Lakeland Financial (NASDAQ:LKFN - Get Free Report) is expected to release its earnings data before the market opens on Friday, January 24th. Analysts expect the company to announce earnings of $0.89 per share and revenue of $62,490.00 billion for the quarter.

Lakeland Financial (NASDAQ:LKFN - Get Free Report) last released its earnings results on Friday, October 25th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.03. Lakeland Financial had a return on equity of 13.64% and a net margin of 22.85%. The firm had revenue of $106.94 million for the quarter, compared to analyst estimates of $59.90 million. During the same period in the previous year, the company earned $0.98 earnings per share. On average, analysts expect Lakeland Financial to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Lakeland Financial Stock Performance

Shares of NASDAQ:LKFN traded up $0.25 during trading hours on Friday, hitting $68.40. 120,953 shares of the company's stock traded hands, compared to its average volume of 125,104. The company's fifty day simple moving average is $71.45 and its two-hundred day simple moving average is $67.31. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 17.77 and a beta of 0.69. Lakeland Financial has a 52 week low of $57.45 and a 52 week high of $78.61.

Lakeland Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Saturday, January 25th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.92%. This is a boost from Lakeland Financial's previous quarterly dividend of $0.48. The ex-dividend date is Friday, January 24th. Lakeland Financial's dividend payout ratio (DPR) is presently 49.87%.

Insider Buying and Selling at Lakeland Financial

In related news, EVP Eric H. Ottinger sold 3,959 shares of Lakeland Financial stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $73.50, for a total value of $290,986.50. Following the transaction, the executive vice president now owns 32,475 shares of the company's stock, valued at approximately $2,386,912.50. This trade represents a 10.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 4,150 shares of company stock valued at $305,327. Corporate insiders own 3.30% of the company's stock.

Lakeland Financial Company Profile

(Get Free Report)

Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services in the United States. The company accepts various deposit products, such as noninterest bearing, interest-bearing checking, savings, money market, NOW, and demand deposits.

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Earnings History for Lakeland Financial (NASDAQ:LKFN)

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