Wall Street analysts forecast that Lakeland Financial Co. (NASDAQ:LKFN) will report $0.81 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Lakeland Financial’s earnings. The lowest EPS estimate is $0.78 and the highest is $0.84. Lakeland Financial posted earnings of $0.78 per share in the same quarter last year, which would suggest a positive year over year growth rate of 3.8%. The business is scheduled to announce its next quarterly earnings results on Wednesday, July 24th.

According to Zacks, analysts expect that Lakeland Financial will report full-year earnings of $3.29 per share for the current financial year, with EPS estimates ranging from $3.21 to $3.40. For the next fiscal year, analysts anticipate that the firm will post earnings of $3.43 per share, with EPS estimates ranging from $3.30 to $3.60. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Lakeland Financial.

Lakeland Financial (NASDAQ:LKFN) last posted its earnings results on Thursday, April 25th. The financial services provider reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.03. The business had revenue of $49.73 million for the quarter, compared to analyst estimates of $49.25 million. Lakeland Financial had a net margin of 33.75% and a return on equity of 16.34%.

Several equities analysts recently weighed in on LKFN shares. BidaskClub lowered shares of Lakeland Financial from a “hold” rating to a “sell” rating in a report on Monday. Zacks Investment Research lowered shares of Lakeland Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Lakeland Financial in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Lakeland Financial presently has an average rating of “Hold” and an average target price of $52.50.

In other Lakeland Financial news, insider Batty Jill A. De sold 4,200 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $48.00, for a total transaction of $201,600.00. Following the completion of the transaction, the insider now directly owns 6,186 shares of the company’s stock, valued at approximately $296,928. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.60% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in Lakeland Financial by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,049,134 shares of the financial services provider’s stock worth $42,134,000 after acquiring an additional 11,809 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Lakeland Financial by 3.9% in the fourth quarter. Northern Trust Corp now owns 683,978 shares of the financial services provider’s stock valued at $27,468,000 after purchasing an additional 25,752 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Lakeland Financial by 21.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 542,943 shares of the financial services provider’s stock valued at $21,805,000 after purchasing an additional 96,339 shares during the last quarter. Segall Bryant & Hamill LLC raised its holdings in shares of Lakeland Financial by 53.5% in the fourth quarter. Segall Bryant & Hamill LLC now owns 510,786 shares of the financial services provider’s stock valued at $20,513,000 after purchasing an additional 178,109 shares during the last quarter. Finally, BTIM Corp. raised its holdings in shares of Lakeland Financial by 24.8% in the first quarter. BTIM Corp. now owns 372,254 shares of the financial services provider’s stock valued at $16,834,000 after purchasing an additional 73,891 shares during the last quarter. 73.51% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:LKFN traded up $0.45 during midday trading on Tuesday, hitting $45.53. 3,710 shares of the company’s stock traded hands, compared to its average volume of 50,346. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.16 billion, a P/E ratio of 14.53, a PEG ratio of 1.37 and a beta of 0.96. The firm has a fifty day moving average price of $46.17. Lakeland Financial has a twelve month low of $37.79 and a twelve month high of $51.25.

About Lakeland Financial

Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services. The company accepts various deposit products, such as noninterest bearing, interest-bearing checking, savings, money market, NOW, and demand deposits. Its loan products include commercial and industrial, commercial real estate and multi-family residential, agri-business and agricultural, consumer 1-4 family mortgage, and other consumer loans.

Further Reading: Is the QQQ ETF safe?

Get a free copy of the Zacks research report on Lakeland Financial (LKFN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Lakeland Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lakeland Financial and related companies with MarketBeat.com's FREE daily email newsletter.