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NASDAQ:LKFN

Lakeland Financial Stock Forecast, Price & News

$74.13
+1.35 (+1.85%)
(As of 12/6/2021 03:59 PM ET)
Add
Compare
Today's Range
$73.37
$75.04
50-Day Range
$65.82
$78.89
52-Week Range
$50.71
$79.67
Volume
2,502 shs
Average Volume
153,628 shs
Market Capitalization
$1.88 billion
P/E Ratio
19.72
Dividend Yield
1.87%
Beta
0.77
30 days | 90 days | 365 days | Advanced Chart
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Lakeland Financial logo

About Lakeland Financial

Lakeland 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.

Headlines

Recap: Lakeland Financial Q3 Earnings
October 25, 2021 |  benzinga.com
See More Headlines

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:LKFN
CUSIP
51165610
Employees
594
Year Founded
1872

Sales & Book Value

Annual Sales
$239.95 million
Cash Flow
$3.73 per share
Book Value
$27.00 per share

Profitability

Net Income
$84.34 million
Pretax Margin
48.98%

Debt

Price-To-Earnings

Miscellaneous

Free Float
24,186,000
Market Cap
$1.88 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
10/22/2021
Last Earnings
10/24/2021
Dividend Payable
11/05/2021
Today
12/06/2021
Fiscal Year End
12/31/2021
Next Earnings (Confirmed)
1/25/2022

Social Links


MarketRank

Overall MarketRank

2.14 out of 5 stars

Finance Sector

587th out of 1,335 stocks

State Commercial Banks Industry

121st out of 231 stocks

Analyst Opinion: 1.0Community Rank: 3.9Dividend Strength: 2.5Insider Behavior: 3.3Valuation: 0.0 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 twelve months. 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.

How has Lakeland Financial's stock price been impacted by COVID-19 (Coronavirus)?

Lakeland Financial's stock was trading at $35.14 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, LKFN shares have increased by 111.0% and is now trading at $74.13.
View which stocks have been most impacted by COVID-19
.

When is Lakeland Financial's next earnings date?

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

How were Lakeland Financial's earnings last quarter?

Lakeland Financial Co. (NASDAQ:LKFN) announced its earnings results on Sunday, October, 24th. The financial services provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.93 by $0.01. The financial services provider had revenue of $56.86 million for the quarter, compared to the consensus estimate of $56.62 million. Lakeland Financial had a trailing twelve-month return on equity of 14.39% and a net margin of 39.76%. During the same quarter in the previous year, the business posted $0.89 earnings per share.
View Lakeland Financial's earnings history
.

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

Lakeland Financial announced a quarterly dividend on Tuesday, October 12th. Stockholders of record on Monday, October 25th will be given a dividend of $0.34 per share on Friday, November 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, October 22nd.
View Lakeland Financial's dividend history
.

Is Lakeland Financial a good dividend stock?

Lakeland Financial pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.87%. Lakeland Financial does not yet have a strong track record of dividend growth. The dividend payout ratio of Lakeland Financial is 36.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Lakeland Financial will have a dividend payout ratio of 39.08% 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 1 year price objectives for Lakeland Financial's stock. Their forecasts range from $58.91 to $58.91. On average, they expect Lakeland Financial's stock price to reach $58.91 in the next year. This suggests that the stock has a possible downside of 20.5%.
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:
  • David M. Findlay, President, Chief Executive Officer & Director
  • Lisa M. O'Neill, Chief Financial Officer & Executive Vice President
  • Eric H. Ottinger, Executive VP & Manager-Commercial Banking
  • Kristin L. Pruitt, Chief Administrative Officer & Executive VP (LinkedIn Profile)
  • Michael E. Gavin, Chief Credit Officer & Executive Vice President (LinkedIn Profile)

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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (14.54%), Neuberger Berman Group LLC (6.01%), Victory Capital Management Inc. (5.19%), Goldman Sachs Group Inc. (3.88%), Dimensional Fund Advisors LP (3.20%) and Segall Bryant & Hamill LLC (2.21%). Company insiders that own Lakeland Financial stock include Batty Jill A De, 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, 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, Segall Bryant & Hamill LLC, Renaissance Technologies LLC, Two Sigma Investments LP, Neuberger Berman Group LLC, Dimensional Fund Advisors LP, State Board of Administration of Florida Retirement System, and Neumeier Poma Investment Counsel LLC. Company insiders that have sold Lakeland Financial company stock in the last year 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 L Kubacki, Stephanie R Leniski, and Thomas Hiatt.
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 BlackRock Inc., Principal Financial Group Inc., Bank of New York Mellon Corp, Ziegler Capital Management LLC, Morgan Stanley, Hsbc Holdings PLC, Goldman Sachs Group Inc., and UBS Group AG. Company insiders that have bought Lakeland Financial stock in the last two years include Brian J Smith, Daniel F Evans, James Rickard Donovan, M Scott Welch, 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 $74.13.

How much money does Lakeland Financial make?

Lakeland Financial has a market capitalization of $1.88 billion and generates $239.95 million in revenue each year. The financial services provider earns $84.34 million in net income (profit) each year or $3.76 on an earnings per share basis.

How many employees does Lakeland Financial have?

Lakeland Financial employs 594 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.

Where are Lakeland Financial's headquarters?

Lakeland Financial is headquartered at 202 E CENTER ST, WARSAW IN, 46580.

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 12/6/2021 by MarketBeat.com Staff

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