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NASDAQ:LKFN

Lakeland Financial - LKFN Stock Forecast, Price & News

$62.64
+0.42 (+0.68%)
(As of 03/31/2023 12:00 AM ET)
Add
Compare
Today's Range
$61.80
$63.00
50-Day Range
$62.22
$73.90
52-Week Range
$59.55
$83.57
Volume
138,114 shs
Average Volume
124,978 shs
Market Capitalization
$1.62 billion
P/E Ratio
15.50
Dividend Yield
2.94%
Price Target
$79.00

Lakeland Financial MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
26.1% Upside
$79.00 Price Target
Short Interest
Bearish
7.06% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.79mentions of Lakeland Financial in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$1.40 M Bought Last Quarter
Proj. Earnings Growth
-2.30%
From $4.35 to $4.25 Per Share

Overall MarketRank

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

2.45 out of 5 stars

Finance Sector

456th out of 890 stocks

State Commercial Banks Industry

125th out of 188 stocks


LKFN stock logo

About Lakeland Financial (NASDAQ:LKFN) Stock

Lakeland Financial Corp. is a bank holding company, which engages in the provision of banking products and services. It offers commercial and consumer banking, trust and wealth management, brokerage, and treasury management commercial services. The company was founded on February 8, 1983 and is headquartered in Warsaw, IN.

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LKFN Stock News Headlines

JP Morgan analyst: Oil to hit $380 per barrel
JP Morgan analysts have pegged the future price of oil at $380 per barrel. That would send oil companies skyrocketing. But there is one investment set to outperform all the rest.
Wednesday 3/15 Insider Buying Report: LKFN, SF
LKFN Lakeland Financial Corporation
JP Morgan analyst: Oil to hit $380 per barrel
JP Morgan analysts have pegged the future price of oil at $380 per barrel. That would send oil companies skyrocketing. But there is one investment set to outperform all the rest.
Lakeland Financial Raises Dividend to 46c Per Share
Earnings Outlook For Lakeland Financial
See More Headlines
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LKFN Company Calendar

Ex-Dividend for 2/6 Dividend
1/24/2023
Last Earnings
1/25/2023
Dividend Payable
2/06/2023
Today
3/31/2023
Next Earnings (Estimated)
4/24/2023
Fiscal Year End
12/31/2023

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

Price Target and Rating

Average Stock Price Forecast
$79.00
High Stock Price Forecast
$80.00
Low Stock Price Forecast
$78.00
Forecasted Upside/Downside
+26.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$103.82 million
Pretax Margin
44.47%

Debt

Sales & Book Value

Annual Sales
$281.43 million
Cash Flow
$4.51 per share
Book Value
$22.44 per share

Miscellaneous

Free Float
25,015,000
Market Cap
$1.62 billion
Optionable
Optionable
Beta
0.74

Social Links


Key Executives

  • David M. Findlay
    President, Chief Executive Officer & Director
  • Lisa M. O'Neill
    Chief Financial Officer & Executive Vice President
  • Eric H. Ottinger
    Chief Commercial Banking Officer & Executive VP
  • Kristin L. PruittKristin L. Pruitt
    Chief Administrative Officer & Executive VP
  • Stephanie R. LeniskiStephanie R. Leniski
    Senior Vice President & Manager-Retail Banking













LKFN Stock - Frequently Asked Questions

Should I buy or sell Lakeland Financial stock right now?

1 Wall Street 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 analysts is that investors should "buy" LKFN shares.
View LKFN analyst ratings
or view top-rated stocks.

What is Lakeland Financial's stock price forecast for 2023?

1 brokers have issued 12 month target prices for Lakeland Financial's shares. Their LKFN share price forecasts range from $78.00 to $80.00. On average, they anticipate the company's share price to reach $79.00 in the next twelve months. This suggests a possible upside of 26.1% 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 2023?

Lakeland Financial's stock was trading at $72.97 at the beginning of 2023. Since then, LKFN shares have decreased by 14.2% and is now trading at $62.64.
View the best growth stocks for 2023 here
.

When is Lakeland Financial's next earnings date?

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

How were Lakeland Financial's earnings last quarter?

Lakeland Financial Co. (NASDAQ:LKFN) released its earnings results on Wednesday, January, 25th. The financial services provider reported $1.01 EPS 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 analysts' expectations of $65.70 million. Lakeland Financial had a net margin of 36.89% and a trailing twelve-month return on equity of 18.38%. During the same period in the prior 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 announced a quarterly dividend on Tuesday, January 10th. Stockholders of record on Wednesday, January 25th will be given a dividend of $0.46 per share on Monday, February 6th. This represents a $1.84 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is Tuesday, January 24th. This is a positive change from the stock's previous quarterly dividend of $0.40.
Read our dividend analysis for LKFN
.

Is Lakeland Financial a good dividend stock?

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.

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 number of retail and institutional 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.
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 $62.64.

How much money does Lakeland Financial make?

Lakeland Financial (NASDAQ:LKFN) has a market capitalization of $1.62 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.

How many employees does Lakeland Financial have?

The company employs 585 workers across the globe.

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 3/31/2023 by MarketBeat.com Staff