NASDAQ:LKFN Lakeland Financial (LKFN) Stock Forecast, Price & News $46.01 +0.56 (+1.23%) (As of 09/22/2023 08:52 PM ET) Add Compare Share Share Today's Range$45.26▼$46.1750-Day Range$45.34▼$56.7552-Week Range$43.05▼$83.57Volume98,000 shsAverage Volume139,864 shsMarket Capitalization$1.17 billionP/E Ratio12.67Dividend Yield4.00%Price Target$64.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Lakeland Financial MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside39.1% Upside$64.00 Price TargetShort InterestBearish8.70% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingAcquiring Shares$415,266 Bought Last QuarterProj. Earnings Growth-3.19%From $3.45 to $3.34 Per ShareSee Full Details Hide Full Details 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 starsFinance Sector438th out of 840 stocksState Commercial Banks Industry108th out of 176 stocks 3.5 Analyst's Opinion Consensus RatingLakeland Financial has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $64.00, Lakeland Financial has a forecasted upside of 39.1% from its current price of $46.01.Amount of Analyst CoverageLakeland Financial has only been the subject of 1 research reports in the past 90 days. Previous Next 0.0 Short Interest Percentage of Shares Shorted8.70% of the float of Lakeland Financial has been sold short.Short Interest Ratio / Days to CoverLakeland Financial has a short interest ratio ("days to cover") of 16.3, which indicates bearish sentiment.Change versus previous monthShort interest in Lakeland Financial has recently increased by 2.39%, indicating that investor sentiment is decreasing. Previous Next 3.3 Dividend Strength Dividend LeadershipLakeland Financial is a leading dividend payer. It pays a dividend yield of 4.00%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthLakeland Financial has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of Lakeland Financial is 50.69%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Lakeland Financial will have a dividend payout ratio of 55.09% next year. This indicates that Lakeland Financial will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for LKFN. Previous Next 1.8 News and Social Media Coverage News SentimentLakeland Financial has a news sentiment score of 0.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.70 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 1 news article for Lakeland Financial this week, compared to 2 articles on an average week.MarketBeat Follows2 people have added Lakeland Financial to their MarketBeat watchlist in the last 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Lakeland Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $415,266.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 3.40% of the stock of Lakeland Financial is held by insiders.Percentage Held by Institutions80.70% of the stock of Lakeland Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Lakeland Financial are expected to decrease by -3.19% in the coming year, from $3.45 to $3.34 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Lakeland Financial is 12.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.22.Price to Earnings Ratio vs. SectorThe P/E ratio of Lakeland Financial is 12.67, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 86.30.Price to Book Value per Share RatioLakeland Financial has a P/B Ratio of 2.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Lakeland Financial (NASDAQ:LKFN) StockLakeland 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.Read More LKFN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart LKFN Stock News HeadlinesSeptember 16, 2023 | americanbankingnews.comLakeland Financial (NASDAQ:LKFN) Upgraded to Sell by StockNews.comSeptember 11, 2023 | finance.yahoo.comInstitutional owners may take dramatic actions as Lakeland Financial Corporation's (NASDAQ:LKFN) recent 4.4% drop adds to one-year lossesSeptember 25, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...August 8, 2023 | benzinga.comUnleashing Growth Potential: Lakeland Financial Surpasses Expectations with Strong Performance and Increasing ProfitsJuly 21, 2023 | msn.comLakeland Financial (LKFN) Q2 Earnings: Taking a Look at Key Metrics Versus EstimatesJuly 21, 2023 | finance.yahoo.comLakeland Financial Reports 10% Loan Growth and Net Income of $14.6 million for the Second QuarterJuly 21, 2023 | finance.yahoo.comLakeland Financial (LKFN) Lags Q2 Earnings EstimatesJuly 15, 2023 | finance.yahoo.comLakeland Financial (NASDAQ:LKFN) Is Increasing Its Dividend To $0.46September 25, 2023 | Chaikin Analytics (Ad)Buy This Stock for AI Tidal Wave (not NVDA)The internet boom made more millionaires than any tech - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.July 1, 2023 | markets.businessinsider.comLakeland Financial Corp. hosts conference call for investorsMay 29, 2023 | finance.yahoo.comLakeland Financial (NASDAQ:LKFN) shareholders have endured a 28% loss from investing in the stock a year agoMay 10, 2023 | marketwatch.comLakeland Financial Names Kristin Pruitt President >LKFNMay 10, 2023 | finance.yahoo.comLake City Bank and Lakeland Financial Corporation Announce Promotion of Kristin L. Pruitt to PresidentMay 2, 2023 | marketwatch.comMonday 5/1 Insider Buying Report: LKFN, HBANMay 1, 2023 | finance.yahoo.comHere's Why We Think Lakeland Financial (NASDAQ:LKFN) Might Deserve Your Attention TodayApril 25, 2023 | finance.yahoo.comLakeland Financial (LKFN) Lags Q1 Earnings and Revenue EstimatesApril 25, 2023 | finance.yahoo.comLakeland Financial Reports Record First Quarter Performance; Balance Sheet Strength Highlights the QuarterApril 24, 2023 | msn.comPreview: Lakeland Financial's EarningsApril 24, 2023 | finance.yahoo.comLake City Bank Named to KBW Bank Honor Roll of High Performing Banks for the 12th Consecutive YearApril 24, 2023 | finance.yahoo.comLake City Bank Opens Newest Branch at 16 Tech, the Bank’s 53rd OfficeApril 17, 2023 | nasdaq.comLakeland Financial Named Top Dividend Stock With Insider Buying and 3.20% Yield (LKFN)April 17, 2023 | finance.yahoo.comLakeland Financial (LKFN) to Report Q1 Results: Wall Street Expects Earnings GrowthApril 13, 2023 | msn.comLakeland Financial (LKFN) Declares $0.46 DividendApril 8, 2023 | benzinga.comRaymond James Maintains Outperform on Lakeland Financial, Lowers Price Target to $74April 7, 2023 | msn.comRaymond James Maintains Lakeland Financial (LKFN) Outperform RecommendationApril 3, 2023 | finance.yahoo.comLakeland Financial Corporation (NASDAQ:LKFN) is favoured by institutional owners who hold 80% of the companyMarch 31, 2023 | seekingalpha.comLakeland Financial: Top-Line Outlook Remains Bright, But Stock Appears Fairly ValuedSee More Headlines Receive LKFN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Lakeland Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address LKFN Company Calendar Ex-Dividend for 8/7 Dividend7/24/2023Last Earnings7/28/2023Dividend Payable8/07/2023Today9/24/2023Next Earnings (Estimated)10/24/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:LKFN CUSIP51165610 CIK721994 Webwww.lakecitybank.com Phone(574) 267-6144Fax574-267-6063Employees632Year Founded1872Price 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 RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$3.63 Trailing P/E Ratio12.67 Forward P/E Ratio13.34 P/E GrowthN/ANet Income$103.82 million Net Margins27.14% Pretax Margin32.04% Return on Equity16.37% Return on Assets1.46% Debt Debt-to-Equity Ratio0.68 Current Ratio0.92 Quick Ratio0.92 Sales & Book Value Annual Sales$281.43 million Price / Sales4.16 Cash Flow$4.61 per share Price / Cash Flow9.97 Book Value$22.44 per share Price / Book2.05Miscellaneous Outstanding Shares25,430,000Free Float24,568,000Market Cap$1.17 billion OptionableOptionable Beta0.72 Social Links 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesMr. David M. Findlay (Age 61)CEO & Director Comp: $1.04MMs. Kristin L. Pruitt (Age 51)Pres & Director Comp: $509.11kMs. Lisa M. O'Neill (Age 55)Exec. VP & CFO Comp: $433.39kMr. Eric H. Ottinger (Age 53)Exec. VP & Chief Commercial Banking Officer Comp: $515.32kMr. Michael E. Gavin (Age 67)Exec. VP & Chief Credit Officer Comp: $401.15kMr. Brok A. Lahrman (Age 37)Chief Accounting Officer & Sr. VP of Fin. Mr. Rickard James DonovanSr. VP, Gen. Counsel & Sec.Ms. Kyra E. ClarkSr. VP & Chief Human Resource OfficerMr. Jonathan P. Steiner (Age 61)Sr. VP & Chief Wealth Advisory Officer Ms. Stephanie R. LeniskiSr. VP & Chief Retail Banking OfficerMore ExecutivesKey CompetitorsFirst BancorpNASDAQ:FBNCStock Yards BancorpNASDAQ:SYBTFirst BuseyNASDAQ:BUSETriCo BancsharesNASDAQ:TCBKHeartland Financial USANASDAQ:HTLFView All CompetitorsInsiders & InstitutionsM Scott WelchBought 3,920 shares on 9/5/2023Total: $199,841.60 ($50.98/share)California State Teachers Retirement SystemSold 1,050 shares on 8/21/2023Ownership: 0.119%Osaic Holdings Inc.Sold 347 shares on 8/21/2023Ownership: 0.061%Teachers Retirement System of The State of KentuckyBought 445 shares on 8/21/2023Ownership: 0.032%VisionPoint Advisory Group LLCBought 781 shares on 8/21/2023Ownership: 0.003%View All Insider TransactionsView All Institutional Transactions 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? ETFs with the largest weight of Lakeland Financial (NASDAQ:LKFN) stock in their portfolio include Opus Small Cap Value Plus ETF (OSCV), Invesco S&P SmallCap Low Volatility ETF (XSLV) and First Trust NASDAQ ABA Community Bank Index Fund (QABA).First Trust RBA American Industrial Renaissance ETF (AIRR). 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Lakeland Financial Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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