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NASDAQ:LKFN

Lakeland Financial (LKFN) Stock Price, News & Analysis

$62.68
+0.08 (+0.13%)
(As of 11:46 AM ET)
Today's Range
$62.45
$63.70
50-Day Range
$61.32
$72.96
52-Week Range
$43.05
$73.22
Volume
27,719 shs
Average Volume
112,105 shs
Market Capitalization
$1.60 billion
P/E Ratio
17.17
Dividend Yield
3.06%
Price Target
$74.00

Lakeland Financial MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
18.2% Upside
$74.00 Price Target
Short Interest
Bearish
8.52% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.49mentions of Lakeland Financial in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$2.28 M Sold Last Quarter
Proj. Earnings Growth
0.29%
From $3.49 to $3.50 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.44 out of 5 stars

Finance Sector

409th out of 847 stocks

State Commercial Banks Industry

100th out of 179 stocks


LKFN stock logo

About Lakeland Financial Stock (NASDAQ:LKFN)

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 Stock Price History

LKFN Stock News Headlines

LKFN Mar 2024 70.000 put
Energy Storage Trend Ignites Frenzy Over Vanadium Supply
As the world shifts to renewables such as wind and solar, how will we store all this energy? Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply.
Lakeland Financial Corp.
Energy Storage Trend Ignites Frenzy Over Vanadium Supply
As the world shifts to renewables such as wind and solar, how will we store all this energy? Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply.
Lakeland Financial Corp LKFN
See More Headlines
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Company Calendar

Ex-Dividend for 2/5 Dividend
1/24/2024
Last Earnings
1/25/2024
Dividend Payable
2/05/2024
Today
2/27/2024
Next Earnings (Estimated)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:LKFN
CUSIP
51165610
Employees
619
Year Founded
1872

Price Target and Rating

Average Stock Price Target
$74.00
High Stock Price Target
$78.00
Low Stock Price Target
$70.00
Potential Upside/Downside
+18.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$93.77 million
Pretax Margin
28.07%

Debt

Sales & Book Value

Annual Sales
$393.12 million
Cash Flow
$4.36 per share
Book Value
$25.55 per share

Miscellaneous

Free Float
24,639,000
Market Cap
$1.60 billion
Optionable
Optionable
Beta
0.70

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LKFN Stock Analysis - Frequently Asked Questions

Should I buy or sell Lakeland Financial stock right now?

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

What is Lakeland Financial's stock price target for 2024?

2 brokers have issued 12-month target prices for Lakeland Financial's stock. Their LKFN share price targets range from $70.00 to $78.00. On average, they expect the company's share price to reach $74.00 in the next twelve months. This suggests a possible upside of 18.2% 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 2024?

Lakeland Financial's stock was trading at $65.16 at the beginning of the year. Since then, LKFN stock has decreased by 3.9% and is now trading at $62.63.
View the best growth stocks for 2024 here
.

When is Lakeland Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our LKFN earnings forecast
.

How were Lakeland Financial's earnings last quarter?

Lakeland Financial Co. (NASDAQ:LKFN) posted its quarterly earnings results on Thursday, January, 25th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.10. The financial services provider had revenue of $65.81 million for the quarter, compared to analyst estimates of $59.81 million. Lakeland Financial had a trailing twelve-month return on equity of 14.89% and a net margin of 23.85%. During the same quarter in the previous year, the firm earned $1.01 EPS.

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

Lakeland Financial declared a quarterly dividend on Tuesday, January 9th. Investors of record on Thursday, January 25th will be given a dividend of $0.48 per share on Monday, February 5th. This represents a $1.92 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Wednesday, January 24th. This is a positive change from the stock's previous quarterly dividend of $0.46.
Read our dividend analysis for LKFN
.

Is Lakeland Financial a good dividend stock?

Lakeland Financial (NASDAQ:LKFN) pays an annual dividend of $1.92 per share and currently has a dividend yield of 3.02%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 52.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LKFN will have a dividend payout ratio of 54.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LKFN.

What ETFs hold Lakeland Financial's stock?
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).

Who are Lakeland Financial's major shareholders?

Lakeland Financial's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (7.27%), Victory Capital Management Inc. (6.40%), Dimensional Fund Advisors LP (3.07%), Copeland Capital Management LLC (2.87%), Northern Trust Corp (1.98%) and Goldman Sachs Group Inc. (1.40%). Insiders that own company stock include Blake Augsburger, Brian J Smith, Brok A Lahrman, Emily E Pichon, James Rickard Donovan, Jonathan P Steiner, Kristin Pruitt, Lisa M O'neill, M Scott Welch, Michael E Gavin, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:LKFN) was last updated on 2/27/2024 by MarketBeat.com Staff