The stock is trading at $48.96 which is marginally over $46.71, the 50 day moving average and which is slightly above the 200 day moving average of $45.36. The 50 day moving average went up by +4.82% and the 200 day average went up by +7.93%. Trading volume for Lakeland Financial Corporation was 432 in the last trading session. Volume was down 99.25% under the stocks average daily volume.
Traders are more bullish on Lakeland Financial Corporation as inferred by the change in short interest. The firm recorded a fall in short interest from September 15, 2017 to September 29, 2017 of -6.27%. Short interest decreased from 1,221,315 to 1,144,771 over that timeframe. The days to cover increased to 19.0 and the percentage of shorted shares is 0.05% as of September 29.
Lakeland Financial Corporation (NASDAQ:LKFN) has been the object of insider buying and selling activity recently. Director M. Scott Welch disclosed the purchase of 4,443 shares. The shares were purchased at an average price of $42.30. Welch now owns $187,939 of the stock according to the SEC filing. Batty Jill A. De, Sr VP disclosed the sale of 800 shares of (LKFN). The shares were sold on September 5th for an average price of $43.31. The Sr VP now owns $352,197 of the stock per the Form 4 SEC filing.
Additionally, here are a few investment firms who have increased or decreased their stake in (LKFN). Bkd Wealth Advisors, LLC added to its stake by buying 79 shares an increase of 0.4%. Bkd Wealth Advisors, LLC currently owns 19,405 shares with a value of $945,000. The value of the position overall is up by 6.5%. As of quarter end Kessler Investment Group, LLC had bought a total of 118 shares growing its position 4.4%. The value of the investment in Lakeland Financial Corporation went from $124,000 to $137,000 a change of 10.5% since the last quarter.
Btim Corp. downsized its position by selling 925 shares a decrease of 1.1% as of 09/30/2017. Btim Corp. owns 79,775 shares worth $3,887,000. The total value of its holdings increased 5.0%. As of the end of the quarter Monarch Capital Management Inc/ had disposed of 2,881 shares trimming its holdings by 1.4%. The value of the investment in (LKFN) increased from $9,535,000 to $9,985,000 increasing 4.7% quarter over quarter.
The company is so far trading down by 1.23%% since yesterday’s close of 49.57. Lakeland Financial Corporation also announced a dividend that will be paid on Mon Nov 6, 2017. The dividend payment will be $0.220 per share for the quarter or $0.88 annualized. This dividend amount will represent a yield of $1.81. The ex-dividend date will be Friday the 21st of July 2017.
The company’s P/E ratio is 21.96 and the market cap of the company is 1.23B. In the latest earnings report the EPS was $2.23 and is projected to be $2.37 for the current year with 25,021,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $0.61 with next year’s EPS anticipated to be $2.54.
Lakeland Financial Corporation (Lakeland Financial), launched on February 8, 1983, is a bank holding company. The Company, through its subsidiary, Lake City Bank (the Bank), provides an array of products and services throughout its Northern and Central Indiana markets. The Company offers commercial and consumer banking services, as well as trust and wealth management, brokerage, and treasury management commercial services. The Company serves a range of industries, including, among others, commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and healthcare. The Bank’s activities cover all phases of commercial banking, including deposit products, commercial and consumer lending, retail and merchant credit card services, corporate treasury management services, and wealth advisory, trust and brokerage services. The Company provides financial services through the Bank, a full-service commercial bank with approximately 50 branch offices in 15 counties in Northern and Central Indiana..