NASDAQ:LKFN

Lakeland Financial - LKFN Stock Forecast, Price & News

$72.81

-1.26 (-1.70%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $72.68
▼
$74.73
50-Day Range: $72.81
▼
$80.45
52-Week Range: $64.05
▼
$85.71

Volume: 107,132 shs
Average Volume: 109,292 shs
Market Capitalization: $1.85 billion

P/E Ratio: 19.11
Dividend Yield: 2.16%
Price Target: $80.00

Lakeland Financial MarketRank™ Forecast

Analyst Rating: N/A
0.00 Rating Score
Upside/Downside: 9.9% Upside
$80.00 Price Target
Short Interest: Bearish
7.70% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.72
Based on 4 Articles This Week
Insider Trading: Selling Shares
$180,186 Sold Last Quarter
Proj. Earnings Growth: 2.99%
From $4.01 to $4.13 Per Share

Overall MarketRank^™

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

1.20 out of 5 stars

Finance Sector

919th out of 923 stocks

State Commercial Banks Industry

196th out of 197 stocks

0.0

Analyst's Opinion

Price Target Upside/Downside
According to analysts' consensus price target of $80.00, Lakeland Financial has a forecasted upside of 9.9% from its current price of $72.81.
Amount of Analyst Coverage
Lakeland Financial has received no research coverage in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
7.70% of the float of Lakeland Financial has been sold short.
Short Interest Ratio / Days to Cover
Lakeland Financial has a short interest ratio ("days to cover") of 16, which indicates bearish sentiment.
Change versus previous month

2.5

Dividend Strength

Dividend Yield
Lakeland Financial pays a meaningful dividend of 2.16%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Lakeland Financial has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Lakeland Financial is 41.99%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Lakeland Financial will have a dividend payout ratio of 38.74% next year. This indicates that Lakeland Financial will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for LKFN.

2.1

News and Social Media Coverage

News Sentiment
Lakeland Financial has a news sentiment score of 0.72. 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 news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Lakeland Financial this week, compared to 1 article on an average week.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Lakeland Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $180,186.00 in company stock.
Percentage Held by Insiders
Only 4.00% of the stock of Lakeland Financial is held by insiders.
Percentage Held by Institutions
81.26% of the stock of Lakeland Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Lakeland Financial are expected to grow by 2.99% in the coming year, from $4.01 to $4.13 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Lakeland Financial is 19.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.20.
Price to Earnings Ratio vs. Sector
The P/E ratio of Lakeland Financial is 19.11, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 154.43.
Price to Book Value per Share Ratio
Lakeland Financial has a P/B Ratio of 2.61. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

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LKFN Stock News Headlines

September 27, 2022 | abcnews.go.com

Last seen in Lakeland: Is a husband responsible for his wife’s murder or is he imprisoned for the crime of another man?

September 25, 2022 | seekingalpha.com

Lakeland Industries Is A Little Too Expensive

September 23, 2022 | msn.com

As Lakeland police chief nears retirement, a panel is getting to work to select the next one

September 5, 2022 | finance.yahoo.com

Lakeland Financial (LKFN) Could Be a Great Choice

August 29, 2022 | finance.yahoo.com

Lakeland Financial (LKFN) Upgraded to Buy: What Does It Mean for the Stock?

August 16, 2022 | nasdaq.com

Lakeland Financial (LKFN) Passes Through 2% Yield Mark

July 25, 2022 | finance.yahoo.com

Lakeland Financial Reports Record Second Quarter 2022 Performance; Year-to-Date Record Net Income Improves by 4% to $49.3 million

July 25, 2022 | markets.businessinsider.com

Lakeland Financial earnings: here's what Wall Street expects

July 16, 2022 | finance.yahoo.com

Lakeland Financial (NASDAQ:LKFN) Will Pay A Larger Dividend Than Last Year At $0.40

June 23, 2022 | finance.yahoo.com

Investors in Lakeland Financial (NASDAQ:LKFN) have made a decent return of 57% over the past three years

June 17, 2022 | finance.yahoo.com

Why Lakeland Financial (LKFN) is a Great Dividend Stock Right Now

June 9, 2022 | nasdaq.com

Oversold Conditions For Lakeland Financial (LKFN)

May 17, 2022 | finance.yahoo.com

Lake City Bank Launches 150th Anniversary Celebration; Supports Community Foundations

April 28, 2022 | nasdaq.com

This is Why Lakeland Financial (LKFN) is a Great Dividend Stock

April 26, 2022 | finance.yahoo.com

Lake City Bank Named to KBW Bank Honor Roll of High Performing Banks for the 11th Consecutive Year

April 18, 2022 | finance.yahoo.com

Is It Smart To Buy Lakeland Financial Corporation (NASDAQ:LKFN) Before It Goes Ex-Dividend?

April 16, 2022 | finance.yahoo.com

Lakeland Financial's (NASDAQ:LKFN) Shareholders Will Receive A Bigger Dividend Than Last Year

April 7, 2022 | nasdaq.com

Lakeland Financial Breaks Below 200-Day Moving Average - Notable for LKFN

March 15, 2022 | finance.yahoo.com

Should You Be Adding Lakeland Financial (NASDAQ:LKFN) To Your Watchlist Today?

February 16, 2022 | nasdaq.com

Lakeland Financial Corporation Common Stock (LKFN)

January 28, 2022 | nasdaq.com

Analysts Have Made A Financial Statement On Lakeland Financial Corporation's (NASDAQ:LKFN) Full-Year Report

January 25, 2022 | finance.yahoo.com

Lakeland Financial Reports Record Annual Performance

January 24, 2022 | benzinga.com

Earnings Preview For Lakeland Financial

January 19, 2022 | benzinga.com

Sunday Is Your Last Chance To Buy Lakeland Financial Before The Dividend Payout

January 16, 2022 | nasdaq.com

Lakeland Financial Corp. Shares Close in on 52-Week High - Market Mover

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30 days | 90 days | 365 days | Advanced Chart

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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: 10/02/2022
Next Earnings (Estimated): 10/24/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State commercial banks
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NASDAQ:LKFN
CUSIP: 51165610
CIK: 721994
Web: www.lakecitybank.com
Phone: (574) 267-6144
Fax: 574-267-6063
Employees: 585
Year Founded: 1872

Price Target and Rating

Average Stock Price Forecast: $80.00
High Stock Price Forecast: $80.00
Low Stock Price Forecast: $80.00
Forecasted Upside/Downside: +9.9%
Consensus Rating: N/A
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.81
Trailing P/E Ratio: 19.11
Forward P/E Ratio: 18.16
P/E Growth: N/A
Net Income: $95.73 million
Net Margins: 40.50%
Pretax Margin: 49.24%
Return on Equity: 15.27%
Return on Assets: 1.53%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.81
Quick Ratio: 0.81

Sales & Book Value

Annual Sales: $237.94 million
Price / Sales: 7.76
Cash Flow: $4.24 per share
Price / Cash Flow: 17.18
Book Value: $27.86 per share
Price / Book: 2.61

Miscellaneous

Outstanding Shares: 25,350,000
Free Float: 24,338,000
Market Cap: $1.85 billion
Optionable: Optionable
Beta: 0.77

Social Links

Key Executives

Mr. David M. Findlay (Age 60)
Pres, CEO & Director
Comp: $1.01M

Ms. Lisa M. O'Neill (Age 54)
Exec. VP & CFO
Comp: $421.93k

Ms. Kristin L. Pruitt (Age 50)
Exec. VP & Chief Admin. Officer
Comp: $494.69k

Mr. Eric H. Ottinger (Age 52)
Exec. VP & Chief Commercial Banking Officer
Comp: $502.54k

Mr. Michael E. Gavin (Age 66)
Exec. VP & Chief Credit Officer
Comp: $391.06k

Mr. Brok A. Lahrman (Age 36)
Chief Accounting Officer & Sr. VP of Fin.

Mr. Rickard James Donovan
Sr. VP, Gen. Counsel & Sec.

Ms. Kyra E. Clark
Sr. VP & Chief Human Resource Officer

Mr. Jonathan P. Steiner (Age 60)
Sr. VP & Chief Wealth Advisory Officer

Ms. Stephanie R. Leniski
Sr. VP & Chief Retail Banking Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

LKFN Stock - Frequently Asked Questions

What is Lakeland Financial's stock price forecast for 2022?: 0 brokerages have issued 1-year target prices for Lakeland Financial's stock. Their LKFN share price forecasts range from $80.00 to $80.00. On average, they anticipate the company's stock price to reach $80.00 in the next twelve months. This suggests a possible upside of 9.9% 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 2022?: Lakeland Financial's stock was trading at $80.14 at the beginning of the year. Since then, LKFN stock has decreased by 9.1% and is now trading at $72.81.
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 data on Monday, July, 25th. The financial services provider reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.05. The financial services provider earned $59.17 million during the quarter, compared to analyst estimates of $59.42 million. Lakeland Financial had a trailing twelve-month return on equity of 15.27% and a net margin of 40.50%. During the same period 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 announced 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 annualized dividend and a dividend yield of 2.20%. The ex-dividend date 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 2.16%. 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 38.74% 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."
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 $72.81.
How much money does Lakeland Financial make?: Lakeland Financial (NASDAQ:LKFN) has a market capitalization of $1.85 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.
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 10/2/2022 by MarketBeat.com Staff

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Lakeland Financial - LKFN Stock Forecast, Price & News

Lakeland Financial MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month