Lakeland Financial (LKFN) Analysts See $0.61 EPS; 9 Bullish Analysts Covering Sterling Bancorp (STL)

January 14, 2018 - By Louis Casey

Among 12 analysts covering Sterling Bancorp (NYSE:STL), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Sterling Bancorp had 34 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Monday, October 30 by Citigroup. The firm has “Buy” rating by Jefferies given on Friday, September 29. The firm has “Buy” rating given on Tuesday, May 30 by RBC Capital Markets. The firm has “Buy” rating given on Friday, August 4 by RBC Capital Markets. Hovde Group upgraded the shares of STL in report on Wednesday, March 8 to “Outperform” rating. The stock of Sterling Bancorp (NYSE:STL) has “Buy” rating given on Wednesday, March 8 by Maxim Group. On Friday, May 5 the stock rating was maintained by FBR Capital with “Hold”. The stock of Sterling Bancorp (NYSE:STL) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, December 21. The stock has “Buy” rating by Jefferies on Monday, July 24. The stock has “Buy” rating by Piper Jaffray on Tuesday, October 3. See Sterling Bancorp (NYSE:STL) latest ratings:

21/12/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $34.0 Maintain
20/11/2017 Broker: JMP Securities Rating: Market Perform Initiates Coverage On
30/10/2017 Broker: Citigroup Old Rating: Buy New Rating: Neutral Downgrade
26/10/2017 Broker: Jefferies Rating: Buy New Target: $29.0 Maintain
25/10/2017 Broker: Maxim Group Rating: Buy New Target: $30.0 Maintain
03/10/2017 Broker: Piper Jaffray Rating: Buy New Target: $28.0 Maintain
02/10/2017 Broker: RBC Capital Markets Rating: Buy New Target: $29.0 Maintain
29/09/2017 Broker: Jefferies Rating: Buy New Target: $28.0 Maintain
07/09/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $29.0 Maintain
27/08/2017 Broker: Jefferies Rating: Buy New Target: $28.0 Maintain

Analysts expect Lakeland Financial Corporation (NASDAQ:LKFN) to report $0.61 EPS on January, 24.They anticipate $0.08 EPS change or 15.09% from last quarter’s $0.53 EPS. LKFN’s profit would be $15.37 million giving it 20.93 P/E if the $0.61 EPS is correct. After having $0.62 EPS previously, Lakeland Financial Corporation’s analysts see -1.61% EPS growth. The stock increased 0.73% or $0.37 during the last trading session, reaching $51.08. About 71,497 shares traded. Lakeland Financial Corporation (NASDAQ:LKFN) has risen 35.39% since January 14, 2017 and is uptrending. It has outperformed by 18.69% the S&P500.

Lakeland Financial Corporation operates as the bank holding firm for Lake City Bank that provides various financial services in Indiana. The company has market cap of $1.29 billion. The firm offers various deposit products, including noninterest bearing deposits; interest-bearing checking, savings, and money market deposits; and NOW and demand deposits. It has a 22.11 P/E ratio. It also provides commercial and industrial loans, commercial real estate and multi-family residential loans, agri-business and agricultural loans, and other commercial loans; and consumer 1-4 family mortgage loans and other consumer loans.

Among 6 analysts covering Lakeland Financial (NASDAQ:LKFN), 0 have Buy rating, 0 Sell and 6 Hold. Therefore 0 are positive. Lakeland Financial has $50.0 highest and $32 lowest target. $41’s average target is -19.73% below currents $51.08 stock price. Lakeland Financial had 9 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Lakeland Financial Corporation (NASDAQ:LKFN) has “Mkt Perform” rating given on Thursday, December 17 by Raymond James. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, December 21 report. The stock has “Market Perform” rating by FIG Partners on Tuesday, October 27. The firm has “Hold” rating given on Wednesday, November 29 by Keefe Bruyette & Woods. The firm has “Equal-Weight” rating given on Monday, June 13 by Stephens. Keefe Bruyette & Woods maintained Lakeland Financial Corporation (NASDAQ:LKFN) rating on Thursday, June 1. Keefe Bruyette & Woods has “Hold” rating and $4500 target. The rating was initiated by DA Davidson with “Neutral” on Thursday, July 21. The stock of Lakeland Financial Corporation (NASDAQ:LKFN) has “Market Perform” rating given on Tuesday, August 9 by Wood.

Since August 8, 2017, it had 2 insider buys, and 3 selling transactions for $87,865 activity. Another trade for 100 shares valued at $4,969 was bought by Smith Brian J. Another trade for 1,899 shares valued at $87,886 was made by Ottinger Eric H on Tuesday, August 8. $49,500 worth of Lakeland Financial Corporation (NASDAQ:LKFN) shares were bought by HIATT THOMAS. 450 shares were sold by Pruitt Kristin, worth $19,800 on Monday, August 21. $34,648 worth of stock was sold by DE BATTY JILL A on Tuesday, September 5.

Investors sentiment decreased to 1.02 in 2017 Q3. Its down 0.15, from 1.17 in 2017Q2. It dropped, as 10 investors sold Lakeland Financial Corporation shares while 39 reduced holdings. 10 funds opened positions while 40 raised stakes. 17.46 million shares or 0.94% more from 17.30 million shares in 2017Q2 were reported. Deutsche Bank Ag reported 0% in Lakeland Financial Corporation (NASDAQ:LKFN). Cs Mckee L P has invested 0.13% in Lakeland Financial Corporation (NASDAQ:LKFN). Walthausen And Company Ltd Liability Corp owns 1.16% invested in Lakeland Financial Corporation (NASDAQ:LKFN) for 255,691 shares. Tiaa Cref Mgmt Ltd Limited Liability Company has 0% invested in Lakeland Financial Corporation (NASDAQ:LKFN) for 76,401 shares. Royal National Bank Of Canada owns 5,703 shares. Moreover, Amer International Inc has 0% invested in Lakeland Financial Corporation (NASDAQ:LKFN). Spark Investment Ltd Llc holds 0.02% or 9,100 shares. Tower Research Ltd Company (Trc) invested in 0.01% or 2,541 shares. Los Angeles Capital Management And Equity Rech reported 0% stake. State Board Of Administration Of Florida Retirement Sys invested in 24,631 shares or 0% of the stock. Citadel Advsr Limited Co holds 0% of its portfolio in Lakeland Financial Corporation (NASDAQ:LKFN) for 47,161 shares. Victory Cap Management invested in 0.1% or 950,549 shares. Clarivest Asset Management Limited Company invested 0% of its portfolio in Lakeland Financial Corporation (NASDAQ:LKFN). 70,170 were reported by Jpmorgan Chase &. Aperio Grp Inc Inc Limited Liability Co accumulated 13,006 shares.

The stock decreased 0.19% or $0.05 during the last trading session, reaching $25.95. About 1.25M shares traded. Sterling Bancorp (NYSE:STL) has risen 38.62% since January 14, 2017 and is uptrending. It has outperformed by 21.92% the S&P500.

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