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NASDAQ:LKFN

Lakeland Financial - LKFN Stock Forecast, Price & News

$78.89
+1.55 (+2.00%)
(As of 08/11/2022 03:59 PM ET)
Add
Compare
Today's Range
$77.74
$78.89
50-Day Range
$65.01
$77.80
52-Week Range
$62.44
$85.71
Volume
3,022 shs
Average Volume
118,830 shs
Market Capitalization
$2.00 billion
P/E Ratio
20.71
Dividend Yield
2.09%
Price Target
N/A

Lakeland Financial MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Bearish
8.02% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.55mentions of Lakeland Financial in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$95,718 Sold Last Quarter
Proj. Earnings Growth
2.00%
From $4.00 to $4.08 Per Share

Overall MarketRank

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

2.09 out of 5 stars

Finance Sector

661st out of 920 stocks

State Commercial Banks Industry

148th out of 191 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. 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, 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. As of December 31, 2021, the company operated 51 offices in fifteen counties, including 45 offices in northern Indiana and six offices in central Indiana. Lakeland Financial Corporation was founded in 1872 and is headquartered in Warsaw, Indiana.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Lakeland Financial from a "sell" rating to a "hold" rating in a research report on Tuesday, July 26th.

Lakeland Financial Stock Up 0.8 %

NASDAQ:LKFN traded up $0.62 during trading on Wednesday, hitting $77.34. 112,008 shares of the stock traded hands, compared to its average volume of 148,446. The company has a market capitalization of $1.96 billion, a P/E ratio of 20.30 and a beta of 0.77. The firm has a 50-day simple moving average of $69.70 and a 200-day simple moving average of $74.02. Lakeland Financial has a 12-month low of $62.44 and a 12-month high of $85.71.

Lakeland Financial (NASDAQ:LKFN - Get Rating) last released its quarterly earnings results on Monday, July 25th. The financial services provider reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.04. Lakeland Financial had a return on equity of 15.27% and a net margin of 40.50%. During the same quarter in the previous year, the firm posted $0.95 earnings per share. As a group, research analysts predict that Lakeland Financial will post 4 EPS for the current fiscal year.

Lakeland Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 5th. Stockholders of record on Monday, July 25th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Friday, July 22nd. Lakeland Financial's payout ratio is 41.99%.

Insider Activity

In other news, CFO Lisa M. O'neill sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $76.98, for a total value of $76,980.00. Following the completion of the sale, the chief financial officer now directly owns 25,420 shares of the company's stock, valued at approximately $1,956,831.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Lisa M. O'neill sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $76.98, for a total value of $76,980.00. Following the completion of the sale, the chief financial officer now directly owns 25,420 shares of the company's stock, valued at approximately $1,956,831.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert E. Bartels, Jr. purchased 755 shares of the firm's stock in a transaction that occurred on Monday, June 13th. The shares were acquired at an average cost of $67.29 per share, with a total value of $50,803.95. Following the completion of the purchase, the director now directly owns 26,213 shares in the company, valued at approximately $1,763,872.77. The disclosure for this purchase can be found here. Corporate insiders own 4.00% of the company's stock.

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LKFN Stock News Headlines

Lakeland Financial earnings: here's what Wall Street expects
Lakeland Financial Reports Record Annual Performance
Earnings Preview For Lakeland Financial
See More Headlines
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LKFN Company Calendar

Ex-Dividend for 8/5 Dividend
7/22/2022
Last Earnings
7/25/2022
Dividend Payable
8/05/2022
Today
8/11/2022
Next Earnings (Estimated)
10/24/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:LKFN
CUSIP
51165610
Employees
585
Year Founded
1872

Profitability

Net Income
$95.73 million
Pretax Margin
49.24%

Debt

Sales & Book Value

Annual Sales
$237.94 million
Cash Flow
$4.43 per share
Book Value
$22.17 per share

Miscellaneous

Free Float
24,338,000
Market Cap
$2.00 billion
Optionable
Optionable
Beta
0.77

Social Links















LKFN Stock - Frequently Asked Questions

How have LKFN shares performed in 2022?

Lakeland Financial's stock was trading at $80.14 at the beginning of 2022. Since then, LKFN stock has decreased by 2.1% and is now trading at $78.47.
View the best growth stocks for 2022 here
.

When is Lakeland Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
View our LKFN earnings forecast
.

How were Lakeland Financial's earnings last quarter?

Lakeland Financial Co. (NASDAQ:LKFN) issued its quarterly earnings results on Monday, July, 25th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.04. Lakeland Financial had a trailing twelve-month return on equity of 15.27% and a net margin of 40.50%. During the same quarter in the previous year, the business earned $0.95 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 12th. Investors of record on Monday, July 25th will be paid a dividend of $0.40 per share on Friday, August 5th. This represents a $1.60 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Friday, July 22nd.
Read our dividend analysis for LKFN
.

Is Lakeland Financial a good dividend stock?

Lakeland Financial (NASDAQ:LKFN) pays an annual dividend of $1.60 per share and currently has a dividend yield of 2.09%. 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 41.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LKFN will have a dividend payout ratio of 39.22% 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 Victory Capital Management Inc. (3.59%), Loomis Sayles & Co. L P (2.22%), Copeland Capital Management LLC (2.02%), Boston Trust Walden Corp (1.47%), Principal Financial Group Inc. (0.75%) and Monarch Capital Management Inc. (0.72%). Insiders that own company stock include Batty Jill A De, Brian J Smith, Brok A Lahrman, Daniel F Evans, Emily E Pichon, Eric H Ottinger, James Rickard Donovan, Jonathan P Steiner, Kevin L Deardorff, 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
.

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 $78.47.

How much money does Lakeland Financial make?

Lakeland Financial (NASDAQ:LKFN) has a market capitalization of $1.99 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 $3.81 on an earnings per share basis.

How many employees does Lakeland Financial have?

The company employs 585 workers across the globe.

When was Lakeland Financial founded?

Lakeland Financial was founded in 1872.

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 8/11/2022 by MarketBeat.com Staff

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