Lakeland Financial (LKFN) Stock Forecast, Price & News

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.

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.

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

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.

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.

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).

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.

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).

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

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

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.

The company employs 632 workers across the globe.

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.