S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
NASDAQ:LKFN

Lakeland Financial (LKFN) Stock Forecast, Price & News

$70.15
+1.34 (+1.95%)
(As of 05/20/2022 04:00 PM ET)
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Today's Range
$67.94
$70.26
50-Day Range
$68.81
$80.86
52-Week Range
$56.06
$85.71
Volume
103,715 shs
Average Volume
129,554 shs
Market Capitalization
$1.78 billion
P/E Ratio
18.66
Dividend Yield
2.33%
Beta
0.69
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Lakeland Financial logo

About Lakeland Financial

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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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

Sales & Book Value

Annual Sales
$237.94 million
Cash Flow
$4.40 per share
Book Value
$24.03 per share

Profitability

Net Income
$95.73 million
Pretax Margin
49.81%

Debt

Price-To-Earnings

Miscellaneous

Free Float
24,332,000
Market Cap
$1.78 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 5/5 Dividend
4/22/2022
Last Earnings
4/25/2022
Dividend Payable
5/05/2022
Today
5/21/2022
Next Earnings (Estimated)
7/25/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.10 out of 5 stars

Finance Sector

677th out of 1,351 stocks

State Commercial Banks Industry

149th out of 236 stocks

Analyst Opinion: 1.0Community Rank: 3.9Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -













Lakeland Financial (NASDAQ:LKFN) Frequently Asked Questions

Is Lakeland Financial a buy right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lakeland Financial in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Lakeland Financial stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LKFN, but not buy additional shares or sell existing shares.
View analyst ratings for Lakeland Financial
or view top-rated stocks.

When is Lakeland Financial's next earnings date?

Lakeland Financial is scheduled to release its next quarterly earnings announcement on Monday, July 25th 2022.
View our earnings forecast for Lakeland Financial
.

How were Lakeland Financial's earnings last quarter?

Lakeland Financial Co. (NASDAQ:LKFN) issued its earnings results on Monday, April, 25th. The financial services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.04. The financial services provider had revenue of $55.57 million for the quarter, compared to analysts' expectations of $56.46 million. Lakeland Financial had a net margin of 40.82% and a trailing twelve-month return on equity of 14.41%. During the same period last year, the business earned $0.90 EPS.
View Lakeland Financial's earnings history
.

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

Lakeland Financial declared a quarterly dividend on Tuesday, April 12th. Shareholders of record on Monday, April 25th will be paid a dividend of $0.40 per share on Thursday, May 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, April 22nd.
View Lakeland Financial's dividend history
.

Is Lakeland Financial a good dividend stock?

Lakeland Financial pays an annual dividend of $1.60 per share and currently has a dividend yield of 2.33%. Lakeland Financial 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 of Lakeland Financial is 42.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Lakeland Financial will have a dividend payout ratio of 39.80% next year. This indicates that Lakeland Financial will be able to sustain or increase its dividend.
View Lakeland Financial's dividend history.

What price target have analysts set for LKFN?

1 equities research analysts have issued twelve-month price objectives for Lakeland Financial's stock. Their forecasts range from $58.91 to $58.91. On average, they expect Lakeland Financial's share price to reach $58.91 in the next twelve months. This suggests that the stock has a possible downside of 16.0%.
View analysts' price targets for Lakeland Financial
or view top-rated stocks among Wall Street analysts.

Who are Lakeland Financial's key executives?
Lakeland Financial's management team includes the following people:
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 BlackRock Inc. (15.02%), Vanguard Group Inc. (6.98%), State Street Corp (5.16%), Victory Capital Management Inc. (3.33%), Dimensional Fund Advisors LP (3.13%) and Goldman Sachs Group Inc. (3.03%). Company insiders that own Lakeland Financial stock include 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 for Lakeland Financial
.

Which major investors are selling Lakeland Financial stock?

LKFN stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Victory Capital Management Inc., Goldman Sachs Group Inc., Hsbc Holdings PLC, Neumeier Poma Investment Counsel LLC, UBS Group AG, Fuller & Thaler Asset Management Inc., and Ziegler Capital Management LLC. Company insiders that have sold Lakeland Financial company stock in the last year include Brok A Lahrman, James Rickard Donovan, Jonathan P Steiner, Kristin Pruitt, Lisa M O'neill, Michael E Gavin, Michael L Kubacki, Stephanie R Leniski, and Steven D Ross.
View insider buying and selling activity for Lakeland Financial
or view top insider-selling stocks.

Which major investors are buying Lakeland Financial stock?

LKFN stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Vanguard Group Inc., BlackRock Inc., Invesco Ltd., Cetera Investment Advisers, Loomis Sayles & Co. L P, Aviva PLC, and American Century Companies Inc.. Company insiders that have bought Lakeland Financial stock in the last two years include Brian J Smith, and Robert E Bartels Jr.
View insider buying and selling activity for Lakeland Financial
or or view top insider-buying stocks.

How do I buy shares of Lakeland Financial?

Shares of LKFN 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 $70.15.

How much money does Lakeland Financial make?

Lakeland Financial has a market capitalization of $1.78 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 $3.759990 on an earnings per share basis.

How many employees does Lakeland Financial have?

Lakeland Financial employs 585 workers across the globe.

When was Lakeland Financial founded?

Lakeland Financial was founded in 1872.

What is Lakeland Financial's official website?

The official website for Lakeland Financial is www.lakecitybank.com.

How can I contact Lakeland Financial?

Lakeland Financial's mailing address is 202 E CENTER ST, WARSAW IN, 46580. The financial services provider can be reached via phone at (574) 267-6144, via email at [email protected], or via fax at 574-267-6063.

This page was last updated on 5/21/2022 by MarketBeat.com Staff

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