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. $71.55 -1.61 (-2.20%) (As of 02/6/2023 12:00 AM ET) Add Compare Share Share Today's Range$71.43▼$73.5850-Day Range$68.04▼$78.9652-Week Range$64.05▼$83.57Volume95,707 shsAverage Volume102,360 shsMarket Capitalization$1.81 billionP/E Ratio17.71Dividend Yield2.52%Price Target$80.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Lakeland Financial MarketRank™ ForecastAnalyst RatingN/A0.00 Rating ScoreUpside/Downside11.8% Upside$80.00 Price TargetShort InterestBearish6.94% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth-3.19%From $4.39 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.1.51 out of 5 starsFinance Sector788th out of 850 stocksState Commercial Banks Industry173rd out of 177 stocks 1.0 Analyst's Opinion Price Target Upside/DownsideAccording to analysts' consensus price target of $80.00, Lakeland Financial has a forecasted upside of 11.8% from its current price of $71.55.Amount of Analyst CoverageLakeland Financial has received no research coverage in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted6.94% 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 19.1, which indicates bearish sentiment.Change versus previous monthShort interest in Lakeland Financial has recently decreased by 1.73%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldLakeland Financial pays a meaningful dividend of 2.52%, 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 2.9 News and Social Media Coverage News SentimentLakeland Financial has a news sentiment score of 1.30. 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 0.55 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 1 news article for Lakeland Financial this week, compared to 1 article on an average week.Search Interest1 people have searched for LKFN on MarketBeat in the last 30 days. MarketBeat FollowsOnly 2 people have added Lakeland Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Lakeland Financial insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 4.00% 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 -3.19% in the coming year, from $4.39 to $4.25 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Lakeland Financial is 17.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.56.Price to Earnings Ratio vs. SectorThe P/E ratio of Lakeland Financial is 17.71, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 189.37.Price to Book Value per Share RatioLakeland Financial has a P/B Ratio of 3.19. P/B Ratios above 3 indicate that a company could be overvalued 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 HeadlinesJanuary 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 $0.81MFebruary 7, 2023 | Investing Trends (Ad)GRAPHITE: "Essential for America's National Defense"Did you know each EV battery contains up to 220 pounds of graphite and China controls more than 90% of the world's graphite trade? But now that the U.S. has classified it as "essential for America's National Defense"... one little-known company could become America's ONLY fully integrated graphite provider. January 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 ShareFebruary 7, 2023 | Investing Trends (Ad)GRAPHITE: "Essential for America's National Defense"Did you know each EV battery contains up to 220 pounds of graphite and China controls more than 90% of the world's graphite trade? But now that the U.S. has classified it as "essential for America's National Defense"... one little-known company could become America's ONLY fully integrated graphite provider. January 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 FinancialOctober 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 | finance.yahoo.comLakeland Financial (LKFN) Q3 Earnings and Revenues Top EstimatesOctober 25, 2022 | finance.yahoo.comWith 82% institutional ownership, Lakeland Financial Corporation (NASDAQ:LKFN) is a favorite amongst the big gunsOctober 21, 2022 | seekingalpha.comLakeland Financial goes ex-dividend on MondayOctober 19, 2022 | bizjournals.comLakeland UniversityOctober 19, 2022 | msn.comLakeland Financial: Dividend InsightsOctober 19, 2022 | bizjournals.comDeveloper buys 22 acres in Lakeland for new mixed-use projectSeptember 27, 2022 | abcnews.go.comLast seen in Lakeland: Is a husband responsible for his wife’s murder or is he imprisoned for the crime of another man?See 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 Payable2/06/2023Today2/07/2023Next 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$80.00 High Stock Price Forecast$80.00 Low Stock Price Forecast$80.00 Forecasted Upside/Downside+11.8%Consensus RatingN/A Rating Score (0-4)0.00 Research Coverage0 Analysts Profitability EPS (Most Recent Fiscal Year)$4.04 Trailing P/E Ratio17.71 Forward P/E Ratio16.30 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 / Sales6.44 Cash Flow$4.22 per share Price / Cash Flow16.97 Book Value$22.44 per share Price / Book3.19Miscellaneous Outstanding Shares25,350,000Free Float24,336,000Market Cap$1.81 billion OptionableOptionable Beta0.75 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 CompetitorsStock Yards BancorpNASDAQ:SYBTTriCo BancsharesNASDAQ:TCBKSeacoast Banking Co. of FloridaNASDAQ:SBCFEnterprise Financial ServicesNASDAQ:EFSCRenasantNASDAQ:RNSTView All CompetitorsInsiders & InstitutionsFi3 FINANCIAL ADVISORS LLCSold 3,162 shares on 2/6/2023Ownership: 0.079%Los Angeles Capital Management LLCBought 3,280 shares on 2/6/2023Ownership: 0.077%Column Capital Advisors LLCBought 213 shares on 2/6/2023Ownership: 0.051%Synovus Financial CorpBought 1,905 shares on 2/6/2023Ownership: 0.026%ProShare Advisors LLCBought 502 shares on 2/2/2023Ownership: 0.015%View All Insider TransactionsView All Institutional Transactions LKFN Stock - Frequently Asked Questions What is Lakeland Financial's stock price forecast for 2023? 0 brokerages have issued 12-month price targets 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 11.8% 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 shares have decreased by 1.9% and is now trading at $71.55. 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) announced its quarterly earnings results 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 earned $85.87 million during the quarter, compared to the consensus estimate of $65.70 million. Lakeland Financial had a net margin of 36.89% and a trailing twelve-month return on equity of 18.38%. 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 declared a quarterly dividend on Tuesday, January 10th. Shareholders 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 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Tuesday, January 24th. This is a boost from the stock's previous quarterly dividend of $0.40. Read our dividend analysis for LKFN. 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 2.52%. 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 Copeland Capital Management LLC (2.21%), Boston Trust Walden Corp (1.17%), Natixis Advisors L.P. (0.90%), Monarch Capital Management Inc. (0.67%), Ziegler Capital Management LLC (0.34%) and New York State Common Retirement Fund (0.17%). Insiders that own company stock include 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 $71.55. How much money does Lakeland Financial make? Lakeland Financial (NASDAQ:LKFN) has a market capitalization of $1.81 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 2/7/2023 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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