Lakeland Financial Corporation (NASDAQ:LKFN) Updates On Dividend Release Date


On 2016-07-14, Lakeland Financial Corporation (NASDAQ:LKFN) confirmed the dividend disbursement of $0.187 a share to shareholders as on record 2016-07-25. The firm will release dividend on 2016-08-05 while ex-dividend date is reported to be 2016-07-21.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Lakeland Financial Corporation (NASDAQ:LKFN) paid a total of $0.187 per share in dividends. This figure stood at $0.187 a share in the same period a year ago indicating a deviation of 15.2439%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $33.111 on the stock. This figure is the average of recommendations offered by 3 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $34 and $32, respectively.

Taking the mathematical rating formula, the price for Lakeland Financial Corporation (NASDAQ:LKFN) stands at 3. Earnings Review Lakeland Financial Corporation (NASDAQ:LKFN) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-24. For the period ending on 2016-09-30, experts are expecting EPS of $0.51.

Coming to the quarter ending on 2015-12-31, Lakeland Financial Corporation (NASDAQ:LKFN) recorded EPS of $0.51. The reported numbers came lower than the analysts’ estimates of $0.48, demonstrating a miss of $0.0267 as against reported figures.

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