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Pentagon debuts its new stealth bomber, the B-21 Raider
Why CSL Ltd Stock Could Be Worth a Look
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EXPLAINER: What's the effect of Russian oil price cap, ban?
MarketBeat: Week in Review 11/28 – 12/02
Next-Generation Fighter Jets?!? (Must See) (Ad)pixel
Estonia to buy US rocket artillery system in $200M deal
Rail workers say deal won't resolve quality-of-life concerns
S&P 500   4,071.70
DOW   34,429.88
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Today Only: Get a 4K Camera Drone for Just $80
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Pentagon debuts its new stealth bomber, the B-21 Raider
Why CSL Ltd Stock Could Be Worth a Look
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EXPLAINER: What's the effect of Russian oil price cap, ban?
MarketBeat: Week in Review 11/28 – 12/02
Next-Generation Fighter Jets?!? (Must See) (Ad)pixel
Estonia to buy US rocket artillery system in $200M deal
Rail workers say deal won't resolve quality-of-life concerns
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Today Only: Get a 4K Camera Drone for Just $80
Surprise Yourself, Predict the Trends with A.I. (Ad)pixel
Pentagon debuts its new stealth bomber, the B-21 Raider
Why CSL Ltd Stock Could Be Worth a Look
Surprise Yourself, Predict the Trends with A.I. (Ad)pixel
EXPLAINER: What's the effect of Russian oil price cap, ban?
MarketBeat: Week in Review 11/28 – 12/02
Next-Generation Fighter Jets?!? (Must See) (Ad)pixel
Estonia to buy US rocket artillery system in $200M deal
Rail workers say deal won't resolve quality-of-life concerns

Lakeland Financial - LKFN Stock Forecast, Price & News

$77.64
-0.54 (-0.69%)
(As of 12/2/2022 12:00 AM ET)
Add
Compare
Today's Range
$76.96
$77.99
50-Day Range
$72.76
$82.72
52-Week Range
$64.05
$85.71
Volume
65,183 shs
Average Volume
73,825 shs
Market Capitalization
$1.97 billion
P/E Ratio
19.51
Dividend Yield
2.05%
Price Target
$80.00

Lakeland Financial MarketRank™ Forecast

Analyst Rating
N/A
0.00 Rating Score
Upside/​Downside
3.0% Upside
$80.00 Price Target
Short Interest
Bearish
7.22% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$4.37 M Sold Last Quarter
Proj. Earnings Growth
2.88%
From $4.17 to $4.29 Per Share

Overall MarketRank

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

1.45 out of 5 stars

Finance Sector

854th out of 891 stocks

State Commercial Banks Industry

187th out of 187 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.

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LKFN Stock News Headlines

Earnings Outlook For Lakeland Financial
Lakeland Financial goes ex-dividend on Monday
Lakeland University
Lakeland Financial: Dividend Insights
Lakeland Industries Is A Little Too Expensive
Lakeland Financial (LKFN) Could Be a Great Choice
Lakeland Financial earnings: here's what Wall Street expects
See More Headlines
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LKFN Company Calendar

Last Earnings
10/24/2021
Ex-Dividend for 11/7 Dividend
10/24/2022
Dividend Payable
11/07/2022
Today
12/03/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/24/2023

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
$80.00
High Stock Price Forecast
$80.00
Low Stock Price Forecast
$80.00
Forecasted Upside/Downside
+3.0%
Consensus Rating
N/A
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$95.73 million
Pretax Margin
48.89%

Debt

Sales & Book Value

Annual Sales
$237.94 million
Cash Flow
$4.28 per share
Book Value
$20.48 per share

Miscellaneous

Free Float
24,336,000
Market Cap
$1.97 billion
Optionable
Optionable
Beta
0.75

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. PruittMs. 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. GavinMr. Michael E. Gavin (Age 66)
    Exec. VP & Chief Credit Officer
    Comp: $391.06k
  • Mr. Brok A. LahrmanMr. 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. SteinerMr. Jonathan P. Steiner (Age 60)
    Sr. VP & Chief Wealth Advisory Officer
  • Ms. Stephanie R. LeniskiMs. Stephanie R. Leniski
    Sr. VP & Chief Retail Banking Officer













LKFN Stock - Frequently Asked Questions

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

0 equities research analysts have issued 12-month price targets for Lakeland Financial's shares. Their LKFN share price forecasts range from $80.00 to $80.00. On average, they predict the company's stock price to reach $80.00 in the next year. This suggests a possible upside of 3.0% 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 2022. Since then, LKFN shares have decreased by 3.1% and is now trading at $77.64.
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 Tuesday, January 24th 2023.
View our LKFN earnings forecast
.

How were Lakeland Financial's earnings last quarter?

Lakeland Financial Co. (NASDAQ:LKFN) posted its quarterly earnings results on Sunday, October, 24th. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.01. The financial services provider had revenue of $56.86 million for the quarter, compared to analyst estimates of $56.62 million. Lakeland Financial had a trailing twelve-month return on equity of 17.06% and a net margin of 40.28%. During the same quarter in the prior year, the company posted $0.89 EPS.

How often does Lakeland Financial pay dividends? What is the dividend yield for Lakeland Financial?

Lakeland Financial declared a quarterly dividend on Tuesday, October 11th. Investors of record on Tuesday, October 25th will be paid a dividend of $0.40 per share on Monday, November 7th. This represents a $1.60 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Monday, October 24th.
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 2.05%. 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 40.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LKFN will have a dividend payout ratio of 37.30% 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 BlackRock Inc. (14.73%), Vanguard Group Inc. (7.25%), Neuberger Berman Group LLC (5.70%), Kayne Anderson Rudnick Investment Management LLC (4.71%), State Street Corp (4.36%) and Victory Capital Management Inc. (3.69%). Insiders that own company stock include Batty Jill A De, Blake Augsburger, Brian J Smith, Brok A Lahrman, Daniel F Evans, 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 $77.64.

How much money does Lakeland Financial make?

Lakeland Financial (NASDAQ:LKFN) has a market capitalization of $1.97 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 $3.98 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 12/3/2022 by MarketBeat.com Staff