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 twelve months. 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 Wall Street research analysts have issued 12-month price targets for Lakeland Financial's shares. Their LKFN share price forecasts range from $78.00 to $80.00. On average, they anticipate the company's stock price to reach $79.00 in the next year. This suggests a possible upside of 27.0% 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 $72.97 at the start of the year. Since then, LKFN stock has decreased by 14.7% and is now trading at $62.22.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 24th 2023.
View our LKFN earnings forecast.

Lakeland Financial Co. (NASDAQ:LKFN) issued its quarterly earnings results on Wednesday, January, 25th. The financial services provider reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.13 by $0.12. The financial services provider had revenue of $85.87 million for the quarter, compared to analyst estimates of $65.70 million. Lakeland Financial had a trailing twelve-month return on equity of 18.38% and a net margin of 36.89%. During the same period in the previous year, the company posted $0.95 earnings per share.

Lakeland Financial declared a quarterly dividend on Tuesday, January 10th. Investors of record on Wednesday, January 25th will be paid a dividend of $0.46 per share on Monday, February 6th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Tuesday, January 24th. This is a boost from the stock's previous quarterly dividend of $0.40.
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), ETC 6 Meridian Small Cap Equity ETF (SIXS), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), Invesco DWA Financial Momentum ETF (PFI), Invesco S&P SmallCap Low Volatility ETF (XSLV), First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco S&P SmallCap Quality ETF (XSHQ) and Invesco S&P SmallCap Financials ETF (PSCF).

Lakeland Financial (NASDAQ:LKFN) pays an annual dividend of $1.84 per share and currently has a dividend yield of 2.87%. 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 45.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LKFN will have a dividend payout ratio of 43.29% 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 many different institutional and retail investors. Top institutional investors include Neuberger Berman Group LLC (5.63%), Victory Capital Management Inc. (3.72%), Victory Capital Management Inc. (3.64%), Victory Capital Management Inc. (3.70%), Dimensional Fund Advisors LP (3.01%) and Copeland Capital Management LLC (2.21%). Insiders that own company stock include Blake Augsburger, Brian J Smith, Brok A Lahrman, 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.
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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 $62.22.

Lakeland Financial (NASDAQ:LKFN) has a market capitalization of $1.61 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 $4.04 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.