Lakeland Financial (LKFN) Projected to Post Quarterly Earnings on Friday

Lakeland Financial (NASDAQ:LKFN - Get Free Report) is expected to issue its Q2 2025 quarterly earnings data before the market opens on Friday, July 25th. Analysts expect the company to announce earnings of $0.93 per share and revenue of $67.02 million for the quarter.

Lakeland Financial (NASDAQ:LKFN - Get Free Report) last issued its earnings results on Friday, April 25th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.09). Lakeland Financial had a return on equity of 12.71% and a net margin of 21.08%. The firm had revenue of $90.46 million during the quarter, compared to analyst estimates of $63.54 million. During the same period in the previous year, the company earned $0.91 EPS. On average, analysts expect Lakeland Financial to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Lakeland Financial Price Performance

LKFN traded up $0.06 on Monday, reaching $65.25. The stock had a trading volume of 116,281 shares, compared to its average volume of 143,675. Lakeland Financial has a fifty-two week low of $50.00 and a fifty-two week high of $78.61. The firm has a 50-day moving average of $61.49 and a 200-day moving average of $61.94. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 18.64 and a beta of 0.60.

Lakeland Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 5th. Investors of record on Friday, July 25th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, July 25th. This represents a $2.00 annualized dividend and a dividend yield of 3.07%. Lakeland Financial's payout ratio is 57.14%.

Insider Buying and Selling

In related news, Director Melinda Jo Truex bought 8,309 shares of the stock in a transaction dated Thursday, May 22nd. The stock was bought at an average price of $60.11 per share, with a total value of $499,453.99. Following the purchase, the director owned 16,507 shares in the company, valued at approximately $992,235.77. The trade was a 101.35% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 3.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LKFN. Millennium Management LLC boosted its stake in shares of Lakeland Financial by 327.9% in the 1st quarter. Millennium Management LLC now owns 199,323 shares of the financial services provider's stock worth $11,848,000 after buying an additional 152,738 shares during the last quarter. Jane Street Group LLC bought a new position in Lakeland Financial in the 1st quarter worth $6,500,000. Royal Bank of Canada raised its holdings in Lakeland Financial by 13.0% in the 1st quarter. Royal Bank of Canada now owns 60,794 shares of the financial services provider's stock worth $3,614,000 after purchasing an additional 6,987 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Lakeland Financial by 25.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 48,803 shares of the financial services provider's stock worth $2,901,000 after purchasing an additional 9,894 shares during the period. Finally, AQR Capital Management LLC raised its holdings in Lakeland Financial by 90.5% in the 1st quarter. AQR Capital Management LLC now owns 32,427 shares of the financial services provider's stock worth $1,927,000 after purchasing an additional 15,404 shares during the period. Hedge funds and other institutional investors own 81.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Hovde Group upgraded Lakeland Financial from a "market perform" rating to an "outperform" rating and set a $72.00 price target on the stock in a report on Tuesday, May 6th. Keefe, Bruyette & Woods dropped their price target on Lakeland Financial from $69.00 to $65.00 and set a "market perform" rating on the stock in a report on Monday, April 28th.

About Lakeland Financial

Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services in the United States. The company accepts various deposit products, such as noninterest bearing, interest-bearing checking, savings, money market, NOW, and demand deposits.