NASDAQ:LKFN Lakeland Financial - LKFN Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Lakeland Financial Co. Please log in to your account or sign up in order to add this asset to your watchlist. $63.89 -2.01 (-3.05%) (As of 03/22/2023 12:00 AM ET) Add Compare Share Share Today's Range$63.49▼$66.3150-Day Range$62.65▼$76.9752-Week Range$59.55▼$83.57Volume155,849 shsAverage Volume125,663 shsMarket Capitalization$1.65 billionP/E Ratio15.81Dividend Yield2.88%Price Target$79.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Lakeland Financial MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside23.7% Upside$79.00 Price TargetShort InterestBearish6.81% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.54Based on 4 Articles This WeekInsider TradingAcquiring Shares$1.40 M Bought Last QuarterProj. Earnings Growth-2.30%From $4.35 to $4.25 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.21 out of 5 starsFinance Sector572nd out of 872 stocksState Commercial Banks Industry136th out of 179 stocks 2.5 Analyst's Opinion Consensus RatingLakeland Financial has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $79.00, Lakeland Financial has a forecasted upside of 23.7% from its current price of $63.89.Amount of Analyst CoverageLakeland Financial has only been the subject of 1 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted6.81% of the float of Lakeland Financial has been sold short.Short Interest Ratio / Days to CoverLakeland Financial has a short interest ratio ("days to cover") of 16.6, which indicates bearish sentiment.Change versus previous monthShort interest in Lakeland Financial has recently decreased by 3.47%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldLakeland Financial pays a meaningful dividend of 2.80%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthLakeland Financial has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of Lakeland Financial is 45.54%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Lakeland Financial will have a dividend payout ratio of 43.29% next year. This indicates that Lakeland Financial will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for LKFN. Previous Next 3.1 News and Social Media Coverage News SentimentLakeland Financial has a news sentiment score of 0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.44 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Lakeland Financial this week, compared to 1 article on an average week.Search Interest6 people have searched for LKFN on MarketBeat in the last 30 days. This is an increase of 500% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Lakeland Financial insiders have bought 230.02% more of their company's stock than they have sold. Specifically, they have bought $1,397,990.00 in company stock and sold $423,609.00 in company stock.Percentage Held by InsidersOnly 3.40% of the stock of Lakeland Financial is held by insiders.Percentage Held by Institutions80.45% of the stock of Lakeland Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Lakeland Financial are expected to decrease by -2.30% in the coming year, from $4.35 to $4.25 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Lakeland Financial is 15.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.17.Price to Earnings Ratio vs. SectorThe P/E ratio of Lakeland Financial is 15.81, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 141.43.Price to Book Value per Share RatioLakeland Financial has a P/B Ratio of 2.85. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Lakeland Financial (NASDAQ:LKFN) StockLakeland 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.Read More Receive LKFN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Lakeland Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address LKFN Stock News HeadlinesMarch 17, 2023 | marketwatch.comWednesday 3/15 Insider Buying Report: LKFN, SFMarch 16, 2023 | americanbankingnews.comLakeland Financial Co. (NASDAQ:LKFN) Director Buys $325,889.52 in StockMarch 22, 2023 | Oxford Club (Ad)My No. 1 dividend stock for a LIFETIME of income.Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century! I think it's a crying shame folks don't know how powerful dividends are.March 16, 2023 | americanbankingnews.comM Scott Welch Buys 16,715 Shares of Lakeland Financial Co. (NASDAQ:LKFN) StockMarch 15, 2023 | finance.yahoo.comLakeland Financial (LKFN) Moves 7.7% Higher: Will This Strength Last?March 1, 2023 | finance.yahoo.comLake City Bank Receives Dual Bank On Account Certification from Cities for Financial Empowerment FundFebruary 22, 2023 | seekingalpha.comLKFN Lakeland Financial CorporationFebruary 21, 2023 | 247wallst.comOpening Bell Analysts Research Calls for Tuesday, February 21March 22, 2023 | Oxford Club (Ad)My No. 1 dividend stock for a LIFETIME of income.Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century! I think it's a crying shame folks don't know how powerful dividends are.February 18, 2023 | bizjournals.comFlorida Tile redevelopment in Lakeland begins constructionJanuary 27, 2023 | finance.yahoo.comLakeland Financial Full Year 2022 Earnings: EPS Misses ExpectationsJanuary 25, 2023 | msn.comLakeland Financial GAAP EPS of $1.01 misses by $0.12, revenue of $67.36M beats by $0.81MJanuary 25, 2023 | finance.yahoo.comLakeland Financial Reports Record Annual Performance; Record Annual Net Income Improves by 8% to $103.8 MillionJanuary 19, 2023 | benzinga.comMonday Is Your Last Chance To Buy Lakeland Financial Before The Dividend PayoutJanuary 12, 2023 | msn.comLakeland's RP Funding Center could keep name in exchange for $1.25MJanuary 12, 2023 | seekingalpha.comLakeland Financial raises quarterly dividend by 15% to $0.46/shareJanuary 10, 2023 | marketwatch.comLakeland Financial Raises Dividend to 46c Per ShareJanuary 10, 2023 | nz.finance.yahoo.comLake City Bank Parent Announces 15% Increase in Quarterly DividendJanuary 10, 2023 | finance.yahoo.comLake City Bank Parent Announces 15% Increase in Quarterly DividendDecember 19, 2022 | finance.yahoo.comLakeland Financial's (NASDAQ:LKFN) earnings growth rate lags the 10% CAGR delivered to shareholdersDecember 19, 2022 | finance.yahoo.comLake City Bank Named Best Small Bank in Indiana in National Ranking from NewsweekDecember 19, 2022 | msn.comAmazon scales back Lakeland Linder expansion plans, seeks city's approval MondayNovember 21, 2022 | finance.yahoo.comWith EPS Growth And More, Lakeland Financial (NASDAQ:LKFN) Makes An Interesting CaseOctober 31, 2022 | benzinga.comLakeland Financial Board Member Trades Company's StockOctober 26, 2022 | msn.comLakeland Financial's Return On Capital Employed OverviewOctober 25, 2022 | finance.yahoo.comLakeland Financial Reports Record Quarterly Performance; Year-to-Date Record Net Income Improves by 9% to $77.8 millionOctober 25, 2022 | msn.comEarnings Outlook For Lakeland FinancialSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive LKFN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Lakeland Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address LKFN Company Calendar Ex-Dividend for 2/6 Dividend1/24/2023Last Earnings1/25/2023Dividend Payable2/06/2023Today3/22/2023Next Earnings (Estimated)4/24/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:LKFN CUSIP51165610 CIK721994 Webwww.lakecitybank.com Phone(574) 267-6144Fax574-267-6063Employees585Year Founded1872Price Target and Rating Average Stock Price Forecast$79.00 High Stock Price Forecast$80.00 Low Stock Price Forecast$78.00 Forecasted Upside/Downside+23.7%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$4.04 Trailing P/E Ratio15.81 Forward P/E Ratio14.69 P/E GrowthN/ANet Income$103.82 million Net Margins36.89% Pretax Margin44.47% Return on Equity18.38% Return on Assets1.63% Debt Debt-to-Equity Ratio0.48 Current Ratio0.87 Quick Ratio0.87 Sales & Book Value Annual Sales$281.43 million Price / Sales5.88 Cash Flow$4.49 per share Price / Cash Flow14.24 Book Value$22.44 per share Price / Book2.85Miscellaneous Outstanding Shares25,900,000Free Float25,015,000Market Cap$1.65 billion OptionableOptionable Beta0.74 Social Links Key ExecutivesDavid M. FindlayPresident, Chief Executive Officer & DirectorLisa M. O'NeillChief Financial Officer & Executive Vice PresidentEric H. OttingerChief Commercial Banking Officer & Executive VPKristin L. PruittChief Administrative Officer & Executive VPStephanie R. LeniskiSenior Vice President & Manager-Retail BankingKey CompetitorsRenasantNASDAQ:RNSTHeartland Financial USANASDAQ:HTLFEnterprise Financial ServicesNASDAQ:EFSCColumbia Banking SystemNASDAQ:COLBBannerNASDAQ:BANRView All CompetitorsInsiders & InstitutionsM Scott WelchBought 16,715 shares on 3/13/2023Total: $1.07 M ($64.14/share)Victory Capital Management Inc.Bought 5,666 shares on 3/10/2023Ownership: 3.638%M Scott WelchBought 5,016 shares on 3/9/2023Total: $325,889.52 ($64.97/share)Truist Financial CorpSold 1,028 shares on 2/17/2023Ownership: 0.084%Coppell Advisory Solutions Corp.Bought 584 shares on 2/17/2023Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions 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 brokerages have issued 1 year price targets for Lakeland Financial's shares. Their LKFN share price forecasts range from $78.00 to $80.00. On average, they predict the company's stock price to reach $79.00 in the next twelve months. This suggests a possible upside of 23.7% 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 stock has decreased by 12.4% and is now trading at $63.89. 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) posted its quarterly earnings data on Wednesday, January, 25th. The financial services provider reported $1.01 earnings per share for the quarter, missing analysts' consensus estimates 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 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 firm posted $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. Investors 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 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Tuesday, January 24th. This is an increase from the stock's previous quarterly dividend of $0.40. Read our dividend analysis for LKFN. What ETFs hold Lakeland Financial's stock? 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). 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 2.80%. 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 variety of 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. 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 $63.89. How much money does Lakeland Financial make? Lakeland Financial (NASDAQ:LKFN) has a market capitalization of $1.65 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 3/22/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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