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S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
This Stock Could Go Up 66% or More. (Ad)
Stock market today: Asian shares mostly lower after Wall St has its worst week in 6 months
Writers Guild and Hollywood studios reach tentative deal to end strike. No deal yet for actors
A 73-Year-Old Market Signal With 95% Accuracy Just Flashed (Ad)
AI is on the world's mind. Is the UN the place to figure out what to do about it?
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
A 73-Year-Old Market Signal With 95% Accuracy Just Flashed (Ad)
Facial recognition technology jailed a man for days. His lawsuit joins others from Black plaintiffs
The UN's top tech official discusses AI, bringing the world together and what keeps him up at night
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
This Stock Could Go Up 66% or More. (Ad)
Stock market today: Asian shares mostly lower after Wall St has its worst week in 6 months
Writers Guild and Hollywood studios reach tentative deal to end strike. No deal yet for actors
A 73-Year-Old Market Signal With 95% Accuracy Just Flashed (Ad)
AI is on the world's mind. Is the UN the place to figure out what to do about it?
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
A 73-Year-Old Market Signal With 95% Accuracy Just Flashed (Ad)
Facial recognition technology jailed a man for days. His lawsuit joins others from Black plaintiffs
The UN's top tech official discusses AI, bringing the world together and what keeps him up at night
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
This Stock Could Go Up 66% or More. (Ad)
Stock market today: Asian shares mostly lower after Wall St has its worst week in 6 months
Writers Guild and Hollywood studios reach tentative deal to end strike. No deal yet for actors
A 73-Year-Old Market Signal With 95% Accuracy Just Flashed (Ad)
AI is on the world's mind. Is the UN the place to figure out what to do about it?
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
A 73-Year-Old Market Signal With 95% Accuracy Just Flashed (Ad)
Facial recognition technology jailed a man for days. His lawsuit joins others from Black plaintiffs
The UN's top tech official discusses AI, bringing the world together and what keeps him up at night
NASDAQ:LKFN

Lakeland Financial (LKFN) Stock Forecast, Price & News

$46.01
+0.56 (+1.23%)
(As of 09/22/2023 08:52 PM ET)
Compare
Today's Range
$45.26
$46.17
50-Day Range
$45.34
$56.75
52-Week Range
$43.05
$83.57
Volume
98,000 shs
Average Volume
139,864 shs
Market Capitalization
$1.17 billion
P/E Ratio
12.67
Dividend Yield
4.00%
Price Target
$64.00

Lakeland Financial MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
39.1% Upside
$64.00 Price Target
Short Interest
Bearish
8.70% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$415,266 Bought Last Quarter
Proj. Earnings Growth
-3.19%
From $3.45 to $3.34 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.38 out of 5 stars

Finance Sector

438th out of 840 stocks

State Commercial Banks Industry

108th out of 176 stocks


LKFN stock logo

About Lakeland Financial (NASDAQ:LKFN) Stock

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. Its loan products include commercial and industrial, commercial real estate and multi-family residential, construction, agri-business and agricultural, consumer 1-4 family mortgage, and other consumer loans. The company also offers retail and merchant credit card services; corporate treasury management, wealth advisory, and trust services; retail brokerage services, including various financial and investment products, such as annuities and life insurance; and mobile business banking and on-line treasury management services. It serves commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and health care industries. The company was founded in 1872 and is headquartered in Warsaw, Indiana.

LKFN Price History

LKFN Stock News Headlines

Lakeland Financial (NASDAQ:LKFN) Upgraded to Sell by StockNews.com
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Lakeland Financial (LKFN) Lags Q2 Earnings Estimates
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Lakeland Financial Corp. hosts conference call for investors
Monday 5/1 Insider Buying Report: LKFN, HBAN
Preview: Lakeland Financial's Earnings
See More Headlines
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LKFN Company Calendar

Ex-Dividend for 8/7 Dividend
7/24/2023
Last Earnings
7/28/2023
Dividend Payable
8/07/2023
Today
9/24/2023
Next Earnings (Estimated)
10/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:LKFN
CUSIP
51165610
Employees
632
Year Founded
1872

Price Target and Rating

Average Stock Price Forecast
$64.00
High Stock Price Forecast
$64.00
Low Stock Price Forecast
$64.00
Forecasted Upside/Downside
+39.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$103.82 million
Pretax Margin
32.04%

Debt

Sales & Book Value

Annual Sales
$281.43 million
Cash Flow
$4.61 per share
Book Value
$22.44 per share

Miscellaneous

Free Float
24,568,000
Market Cap
$1.17 billion
Optionable
Optionable
Beta
0.72

Social Links

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Key Executives

  • Mr. David M. Findlay (Age 61)
    CEO & Director
    Comp: $1.04M
  • Ms. Kristin L. PruittMs. Kristin L. Pruitt (Age 51)
    Pres & Director
    Comp: $509.11k
  • Ms. Lisa M. O'Neill (Age 55)
    Exec. VP & CFO
    Comp: $433.39k
  • Mr. Eric H. Ottinger (Age 53)
    Exec. VP & Chief Commercial Banking Officer
    Comp: $515.32k
  • Mr. Michael E. GavinMr. Michael E. Gavin (Age 67)
    Exec. VP & Chief Credit Officer
    Comp: $401.15k
  • Mr. Brok A. LahrmanMr. Brok A. Lahrman (Age 37)
    Chief Accounting Officer & Sr. VP of Fin.
  • Mr. Rickard James Donovan
    Sr. VP, Gen. Counsel & Sec.
  • Ms. Kyra E. Clark
    Sr. VP & Chief Human Resource Officer
  • Mr. Jonathan P. SteinerMr. Jonathan P. Steiner (Age 61)
    Sr. VP & Chief Wealth Advisory Officer
  • Ms. Stephanie R. LeniskiMs. Stephanie R. Leniski
    Sr. VP & Chief Retail Banking Officer













LKFN Stock - Frequently Asked Questions

Should I buy or sell Lakeland Financial stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lakeland Financial in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" LKFN shares.
View LKFN analyst ratings
or view top-rated stocks.

What is Lakeland Financial's stock price forecast for 2023?

1 analysts have issued twelve-month price objectives for Lakeland Financial's shares. Their LKFN share price forecasts range from $64.00 to $64.00. On average, they expect the company's stock price to reach $64.00 in the next twelve months. This suggests a possible upside of 39.1% from the stock's current price.
View analysts price targets for LKFN
or view top-rated stocks among Wall Street analysts.

How have LKFN shares performed in 2023?

Lakeland Financial's stock was trading at $72.97 at the beginning of the year. Since then, LKFN shares have decreased by 36.9% and is now trading at $46.01.
View the best growth stocks for 2023 here
.

When is Lakeland Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our LKFN earnings forecast
.

How were Lakeland Financial's earnings last quarter?

Lakeland Financial Co. (NASDAQ:LKFN) released its earnings results on Friday, July, 28th. The financial services provider reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.91 by $0.34. The financial services provider had revenue of $95.98 million for the quarter, compared to analysts' expectations of $59.40 million. Lakeland Financial had a trailing twelve-month return on equity of 16.37% and a net margin of 27.14%. During the same period last year, the company earned $1.00 earnings per share.

How often does Lakeland Financial pay dividends? What is the dividend yield for Lakeland Financial?

Lakeland Financial declared a quarterly dividend on Tuesday, July 11th. Stockholders of record on Tuesday, July 25th will be paid a dividend of $0.46 per share on Monday, August 7th. This represents a $1.84 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend is Monday, July 24th.
Read our dividend analysis for LKFN
.

What ETFs hold Lakeland Financial's stock?
Is Lakeland Financial a good dividend stock?

Lakeland Financial (NASDAQ:LKFN) pays an annual dividend of $1.84 per share and currently has a dividend yield of 4.00%. LKFN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 50.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LKFN will have a dividend payout ratio of 55.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LKFN.

What other stocks do shareholders of Lakeland Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Lakeland Financial investors own include Franklin Resources (BEN), Dominion Energy (D), Huntington Bancshares (HBAN), Intel (INTC), KeyCorp (KEY), Kohl's (KSS), Pfizer (PFE), Philip Morris International (PM), Exxon Mobil (XOM) and AbbVie (ABBV).

What is Lakeland Financial's stock symbol?

Lakeland Financial trades on the NASDAQ under the ticker symbol "LKFN."

Who are Lakeland Financial's major shareholders?

Lakeland Financial's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.15%), State Street Corp (4.72%), Victory Capital Management Inc. (4.53%), Kayne Anderson Rudnick Investment Management LLC (4.18%), Dimensional Fund Advisors LP (3.05%) and Silvercrest Asset Management Group LLC (2.90%). Insiders that own company stock include Blake Augsburger, Brian J Smith, Brok A Lahrman, Emily E Pichon, Eric H Ottinger, James Rickard Donovan, Jonathan P Steiner, Kristin Pruitt, Lisa M O'neill, M Scott Welch, Michael E Gavin, Michael L Kubacki, Michael L Kubacki, Robert E Bartels Jr, Stephanie R Leniski, Steven D Ross and Thomas Hiatt.
View institutional ownership trends
.

How do I buy shares of Lakeland Financial?

Shares of LKFN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Lakeland Financial's stock price today?

One share of LKFN stock can currently be purchased for approximately $46.01.

How much money does Lakeland Financial make?

Lakeland Financial (NASDAQ:LKFN) has a market capitalization of $1.17 billion and generates $281.43 million in revenue each year. The financial services provider earns $103.82 million in net income (profit) each year or $3.63 on an earnings per share basis.

How many employees does Lakeland Financial have?

The company employs 632 workers across the globe.

How can I contact Lakeland Financial?

Lakeland Financial's mailing address is 202 E CENTER ST, WARSAW IN, 46580. The official website for the company is www.lakecitybank.com. The financial services provider can be reached via phone at (574) 267-6144, via email at tina.rensberger@lakecitybank.com, or via fax at 574-267-6063.

This page (NASDAQ:LKFN) was last updated on 9/25/2023 by MarketBeat.com Staff

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