In a report released yesterday, Damon Delmonte from KBW maintained a Hold rating on Lakeland Financial (LKFN – Research Report), with a price target of $63.00. The company’s shares closed yesterday at $60.15.
According to TipRanks, Delmonte is a 5-star analyst with an average return of 16.3% and a 70.08% success rate. Delmonte covers the Financial sector, focusing on stocks such as Financial Institutions, Heartland Financial USA, and Macatawa Bank.
Currently, the analyst consensus on Lakeland Financial is a Moderate Buy with an average price target of $69.00.
LKFN market cap is currently $1.63B and has a P/E ratio of 17.26.
Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LKFN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Lakeland Financial (LKFN) Company Description:
Lakeland Financial Corp. is a bank holding company, which engages in the provision of banking products and services. It offers commercial and consumer banking, trust and wealth management, brokerage, and treasury management commercial services. The company was founded on February 8, 1983 and is headquartered in Warsaw, IN.
