What Analysts Predict For Lakeland Financial Corporation ($LKFN) 3Q20?

Lakeland Financial Corporation (NASDAQ:LKFN) is expected to report third quarter earnings results, before market open, on Monday 26th October 2020.

Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.71 per share.

Looking ahead, the full year income are expected at $ 2.98 per share on the revenues of $ 210.33 million.

Previous Quarter Performance

Lakeland Financial Corporation came out with income for the second quarter of $ 0.77 per share, from the revenue of $ 50.70 million. The quarterly earnings decreased 9.41 percent compared with the same quarter last year. Street analysts expected Lakeland Financial Corporation to report income of $ 0.54 per share on revenue of $ 49.77 million for the second quarter. The bottom line results beat street analysts by $ 0.23 or 42.59 percent, at the same time, top line results outshined analysts by $ 0.93 million or 1.87 percent.

Stock Performance

On Friday, shares of Lakeland Financial Corporation has traded high as $ 49.23 and has cracked $ 47.80 on the downward trend, reaching $ 49.21 with volume of 103.00 thousand shares.

According to the previous trading day, closing price of $ 49.21, representing a 57.56 % increase from the 52 week low of $ 30.49 and a 9.36 % decrease over the 52 week high of $ 53.00.

The company has a market capital of $ 1.27 billion and is part of the Financial Services sector and Banks – Regional – US industry.

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.