Lakeland Financial - LKFN Stock Forecast, Price & News

0 brokers 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 8.0% 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 $80.14 at the start of the year. Since then, LKFN stock has decreased by 7.6% and is now trading at $74.06.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
View our LKFN earnings forecast.

Lakeland Financial Co. (NASDAQ:LKFN) announced its quarterly earnings results on Monday, July, 25th. The financial services provider reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.96 by $0.04. Lakeland Financial had a net margin of 40.50% and a trailing twelve-month return on equity of 15.27%. During the same period in the prior year, the business posted $0.95 EPS.

Lakeland Financial declared 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 2.16%. The ex-dividend date of this dividend is Friday, July 22nd.
Read our dividend analysis for LKFN.

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.

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."

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.

One share of LKFN stock can currently be purchased for approximately $74.06.

Lakeland Financial (NASDAQ:LKFN) has a market capitalization of $1.88 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.

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.