Price Action Don’t Lie: A Reversal for Lakeland Financial Corporation Is Not Near. The Stock Reaches All-Time High Today

Price Action Don't Lie: A Reversal for Lakeland Financial Corporation Is Not Near. The Stock Reaches All Time High Today

The stock of Lakeland Financial Corporation (NASDAQ:LKFN) reached all time high today, Nov, 14 and still has $60.28 target or 41.00% above today’s $42.75 share price. This indicates more upside for the $1.12B company. This technical setup was reported by Barchart.com. If the $60.28 PT is reached, the company will be worth $459.20 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 59,694 shares traded hands. Lakeland Financial Corporation (NASDAQ:LKFN) has risen 43.00% since April 12, 2016 and is uptrending. It has outperformed by 38.01% the S&P500.

Lakeland Financial Corporation (NASDAQ:LKFN) Ratings Coverage

Out of 5 analysts covering Lakeland Financial (NASDAQ:LKFN), 0 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 0 are positive. Lakeland Financial has been the topic of 6 analyst reports since July 28, 2015 according to StockzIntelligence Inc. DA Davidson initiated Lakeland Financial Corporation (NASDAQ:LKFN) on Thursday, July 21 with “Neutral” rating. The stock has “Market Perform” rating given by Wood on Tuesday, August 9. The firm earned “Mkt Perform” rating on Thursday, December 17 by Raymond James. On Monday, June 13 the stock rating was downgraded by Stephens to “Equal-Weight”. As per Tuesday, October 27, the company rating was downgraded by FIG Partners.

According to Zacks Investment Research, “LAKELAND FINANCIAL CORP. is a bank holding company engaged in general banking business.”

Insitutional Activity: The institutional sentiment is 1 in Q2 2016. Its the same as in 2016Q1. The ratio is the same, as 9 funds sold all Lakeland Financial Corporation shares owned while 38 reduced positions. only 7 funds bought stakes while 40 increased positions. They now own 11.12 million shares or 0.45% less from 11.17 million shares in 2016Q1.
Parametric Limited last reported 11,831 shares in the company. Moreover, Credit Suisse Ag has 0% invested in Lakeland Financial Corporation (NASDAQ:LKFN) for 18,639 shares. Ngam Advsr Limited Partnership accumulated 70,999 shares or 0.05% of the stock. Alliancebernstein L P has invested 0% of its portfolio in Lakeland Financial Corporation (NASDAQ:LKFN). Alps last reported 8,982 shares in the company. Fmr holds 0.01% or 1.20 million shares in its portfolio. Pub Employees Retirement Association Of Colorado accumulated 4,614 shares or 0% of the stock. Northern Trust owns 444,664 shares or 0.01% of their US portfolio. Btim last reported 0.19% of its portfolio in the stock. Morgan Stanley holds 0% of its portfolio in Lakeland Financial Corporation (NASDAQ:LKFN) for 8,766 shares. Columbia Wanger Asset Ltd Limited Liability Company has 317,473 shares for 0.17% of their US portfolio. Keybank National Association Oh holds 0.01% of its portfolio in Lakeland Financial Corporation (NASDAQ:LKFN) for 19,780 shares. Moreover, Aperio Grp Ltd Liability has 0% invested in Lakeland Financial Corporation (NASDAQ:LKFN) for 9,733 shares. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Lakeland Financial Corporation (NASDAQ:LKFN) for 800 shares. Opus Cap Group Limited Liability Com reported 91,214 shares or 0.95% of all its holdings.

Insider Transactions: Since August 5, 2016, the stock had 3 insider buys, and 5 insider sales for $1.31 million net activity. Ottinger Eric H sold $98,196 worth of stock or 2,672 shares. Shares for $4,987 were bought by Smith Brian J on Friday, August 5. The insider DEARDORFF KEVIN L sold $150,220. Another trade for 22,500 shares valued at $788,964 was sold by KUBACKI MICHAEL L. $29,358 worth of Lakeland Financial Corporation (NASDAQ:LKFN) shares were bought by NIEMIER CHARLES E. Shares for $35,550 were sold by PICHON EMILY E on Tuesday, August 23. FINDLAY DAVID M sold $299,300 worth of Lakeland Financial Corporation (NASDAQ:LKFN) on Friday, October 28.

Another recent and important Lakeland Financial Corporation (NASDAQ:LKFN) news was published by Equitiesfocus.com which published an article titled: “Dividend Payout Of Lakeland Financial Corporation (NASDAQ:LKFN) At $0.19” on November 14, 2016.

LKFN Company Profile

Lakeland Financial Corporation (Lakeland Financial), incorporated on February 8, 1983, is a bank holding company. The Company, through its subsidiary, Lake City Bank (the Bank), provides an array of services and products throughout its Northern and Central Indiana markets. The Firm offers commercial and consumer banking services, as well as trust and wealth management, brokerage, and treasury management commercial services. The Firm 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 Bank has over 50 offices in over 10 counties in Northern and Central Indiana.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment