Are Analysts Bearish Lakeland Financial Corporation (NASDAQ:LKFN) After Last Week?

January 19, 2018 - By Vivian Currie

 Are Analysts Bearish Lakeland Financial Corporation (NASDAQ:LKFN) After Last Week?
Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.15, from 1.17 in 2017Q2. It turned negative, as 10 investors sold Lakeland Financial Corporation shares while 39 reduced holdings. 10 funds opened positions while 40 raised stakes. 17.46 million shares or 0.94% more from 17.30 million shares in 2017Q2 were reported.
Manufacturers Life Insurance The stated it has 17,764 shares or 0% of all its holdings. 34,817 were reported by Alliancebernstein L P. Neuberger Berman Grp Limited Com invested in 0.04% or 631,245 shares. Dimensional Fund Advsr Ltd Partnership owns 1.01 million shares or 0.02% of their US portfolio. Comerica Natl Bank, Michigan-based fund reported 12,131 shares. Vaughan Nelson Investment Limited Partnership accumulated 858,109 shares. Virginia Retirement Et Al accumulated 14,900 shares. 1St Source Savings Bank reported 0.49% in Lakeland Financial Corporation (NASDAQ:LKFN). Walthausen & Lc accumulated 1.16% or 255,691 shares. 95,644 are owned by Wedge Capital Management L L P Nc. Sii Investments Wi holds 0.07% or 25,302 shares in its portfolio. 6,323 were reported by Legal And General Grp Inc Public Limited Liability Company. Sg Americas Ltd Liability stated it has 0% in Lakeland Financial Corporation (NASDAQ:LKFN). Tower Ltd (Trc) has invested 0.01% in Lakeland Financial Corporation (NASDAQ:LKFN). Victory Cap Mgmt owns 950,549 shares for 0.1% of their portfolio.

Since August 8, 2017, it had 2 insider purchases, and 3 selling transactions for $87,865 activity. $87,886 worth of Lakeland Financial Corporation (NASDAQ:LKFN) shares were sold by Ottinger Eric H. Shares for $4,969 were bought by Smith Brian J. $19,800 worth of Lakeland Financial Corporation (NASDAQ:LKFN) was sold by Pruitt Kristin. HIATT THOMAS bought $49,500 worth of stock.

Lakeland Financial Corporation (NASDAQ:LKFN) Ratings Coverage

Among 6 analysts covering Lakeland Financial (NASDAQ:LKFN), 0 have Buy rating, 0 Sell and 6 Hold. Therefore 0 are positive. Lakeland Financial had 9 analyst reports since July 28, 2015 according to SRatingsIntel. Wood maintained it with “Market Perform” rating and $32 target in Tuesday, August 9 report. The stock has “Hold” rating by Keefe Bruyette & Woods on Wednesday, November 29. Stephens downgraded the shares of LKFN in report on Monday, June 13 to “Equal-Weight” rating. The firm has “Mkt Perform” rating given on Thursday, December 17 by Raymond James. The company was initiated on Thursday, July 21 by DA Davidson. The firm has “Hold” rating given on Thursday, June 1 by Keefe Bruyette & Woods. The stock of Lakeland Financial Corporation (NASDAQ:LKFN) has “Market Perform” rating given on Tuesday, October 27 by FIG Partners. The firm earned “Hold” rating on Thursday, December 21 by Keefe Bruyette & Woods. Below is a list of Lakeland Financial Corporation (NASDAQ:LKFN) latest ratings and price target changes.

21/12/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $50.0 Maintain
29/11/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $47.0 Maintain

The stock decreased 1.44% or $0.74 during the last trading session, reaching $50.69. About 167,127 shares traded or 80.64% up from the average. Lakeland Financial Corporation (NASDAQ:LKFN) has risen 35.39% since January 19, 2017 and is uptrending. It has outperformed by 18.69% the S&P500.

Lakeland Financial Corporation operates as the bank holding firm for Lake City Bank that provides various financial services in Indiana. The company has market cap of $1.28 billion. The firm offers various deposit products, including noninterest bearing deposits; interest-bearing checking, savings, and money market deposits; and NOW and demand deposits. It has a 21.94 P/E ratio. It also provides commercial and industrial loans, commercial real estate and multi-family residential loans, agri-business and agricultural loans, and other commercial loans; and consumer 1-4 family mortgage loans and other consumer loans.

More recent Lakeland Financial Corporation (NASDAQ:LKFN) news were published by: Globenewswire.com which released: “Lakeland Financial Reports Record Performance” on October 25, 2017. Also Nasdaq.com published the news titled: “Lakeland Financial Corporation (LKFN) Ex-Dividend Date Scheduled for July 21, 2017” on July 20, 2017. Nasdaq.com‘s news article titled: “6 Reasons to Add Lakeland Financial (LKFN) to Your Portfolio” with publication date: December 14, 2017 was also an interesting one.

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