Lakeland Financial - LKFN Stock Forecast, Price & News

0 Wall Street analysts have issued 1 year price objectives for Lakeland Financial's shares. Their LKFN share price forecasts range from $80.00 to $80.00. On average, they anticipate the company's share price to reach $80.00 in the next year. This suggests a possible upside of 8.0% 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 $80.14 on January 1st, 2022. Since then, LKFN shares have decreased by 7.6% and is now trading at $74.06.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 24th 2023.
View our LKFN earnings forecast.

Lakeland Financial Co. (NASDAQ:LKFN) announced its quarterly earnings results on Sunday, October, 24th. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.01. The financial services provider earned $56.86 million during the quarter, compared to analyst estimates of $56.62 million. Lakeland Financial had a trailing twelve-month return on equity of 17.06% and a net margin of 40.28%. During the same period in the prior year, the firm earned $0.89 EPS.

Lakeland Financial declared a quarterly dividend on Tuesday, October 11th. Shareholders of record on Tuesday, October 25th will be paid a dividend of $0.40 per share on Monday, November 7th. This represents a $1.60 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Monday, October 24th.
Read our dividend analysis for LKFN.

Lakeland Financial (NASDAQ:LKFN) pays an annual dividend of $1.60 per share and currently has a dividend yield of 2.15%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 40.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LKFN will have a dividend payout ratio of 37.30% 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. (14.73%), Vanguard Group Inc. (7.25%), Neuberger Berman Group LLC (5.70%), Kayne Anderson Rudnick Investment Management LLC (4.71%), State Street Corp (4.36%) and Victory Capital Management Inc. (3.69%). Insiders that own company stock include Batty Jill A De, Blake Augsburger, Brian J Smith, Brok A Lahrman, Daniel F Evans, Eric H Ottinger, James Rickard Donovan, Jonathan P Steiner, Kristin Pruitt, Lisa M O'neill, M Scott Welch, Michael E Gavin, 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.

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 $74.06.

Lakeland Financial (NASDAQ:LKFN) has a market capitalization of $1.88 billion and generates $237.94 million in revenue each year. The financial services provider earns $95.73 million in net income (profit) each year or $3.98 on an earnings per share basis.

The company employs 585 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.