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Lakeland Financial (LKFN) Stock Price, News & Analysis

Lakeland Financial logo
$69.25 +0.35 (+0.51%)
(As of 01:00 PM ET)

About Lakeland Financial Stock (NASDAQ:LKFN)

Key Stats

Today's Range
$68.17
$69.40
50-Day Range
$62.87
$75.85
52-Week Range
$57.45
$78.61
Volume
37,564 shs
Average Volume
115,784 shs
Market Capitalization
$1.77 billion
P/E Ratio
17.99
Dividend Yield
2.77%
Price Target
$71.00
Consensus Rating
Hold

Company Overview

Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services in the United States. 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, construction, agri-business and agricultural, consumer 1-4 family mortgage, and other commercial and consumer loans. The company also provides 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. The company was founded in 1872 and is headquartered in Warsaw, Indiana.

Lakeland Financial Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
45th Percentile Overall Score

LKFN MarketRank™: 

Lakeland Financial scored higher than 45% of companies evaluated by MarketBeat, and ranked 699th out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Lakeland Financial has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Lakeland Financial has received no research coverage in the past 90 days.

  • Read more about Lakeland Financial's stock forecast and price target.
  • Earnings Growth

    Earnings for Lakeland Financial are expected to grow by 3.80% in the coming year, from $3.42 to $3.55 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Lakeland Financial is 17.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.18.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Lakeland Financial is 17.81, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 25.07.

  • Price to Book Value per Share Ratio

    Lakeland Financial has a P/B Ratio of 2.68. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    8.73% of the float of Lakeland Financial has been sold short.
  • Short Interest Ratio / Days to Cover

    Lakeland Financial has a short interest ratio ("days to cover") of 19.2, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Lakeland Financial has recently decreased by 0.92%, indicating that investor sentiment is improving.
  • Dividend Yield

    Lakeland Financial pays a meaningful dividend of 2.81%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Lakeland Financial has been increasing its dividend for 13 years.

  • Dividend Coverage

    The dividend payout ratio of Lakeland Financial is 49.87%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Lakeland Financial will have a dividend payout ratio of 54.08% next year. This indicates that Lakeland Financial will be able to sustain or increase its dividend.

  • Read more about Lakeland Financial's dividend.
  • Percentage of Shares Shorted

    8.73% of the float of Lakeland Financial has been sold short.
  • Short Interest Ratio / Days to Cover

    Lakeland Financial has a short interest ratio ("days to cover") of 19.2, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Lakeland Financial has recently decreased by 0.92%, indicating that investor sentiment is improving.
  • News Sentiment

    Lakeland Financial has a news sentiment score of 1.76. 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 0.67 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Lakeland Financial this week, compared to 2 articles on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, Lakeland Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $305,326.00 in company stock.

  • Percentage Held by Insiders

    Only 3.30% of the stock of Lakeland Financial is held by insiders.

  • Percentage Held by Institutions

    81.15% of the stock of Lakeland Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Lakeland Financial's insider trading history.
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LKFN Stock News Headlines

Please don’t take this warning lightly…
Something huge is about to hit the stock market. Wall St. legend Louis Navellier calls it: "The most significant market event of my 47-year career..." He says that when this event comes crashing down on the stock market in the coming months… millions of investors will be taken by surprise.
Lakeland Financial (LKFN) Receives a Hold from Janney Montgomery
Lakeland Financial Highlights Growth and Financial Health
See More Headlines

LKFN Stock Analysis - Frequently Asked Questions

Lakeland Financial's stock was trading at $65.16 at the beginning of the year. Since then, LKFN stock has increased by 5.2% and is now trading at $68.55.
View the best growth stocks for 2024 here
.

Lakeland Financial Co. (NASDAQ:LKFN) posted its earnings results on Friday, October, 25th. The financial services provider reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.03. The financial services provider had revenue of $106.94 million for the quarter, compared to the consensus estimate of $59.90 million. Lakeland Financial had a net margin of 22.85% and a trailing twelve-month return on equity of 13.64%.

Lakeland Financial's top institutional shareholders include Victory Capital Management Inc. (5.82%), State Street Corp (5.01%), Charles Schwab Investment Management Inc. (3.54%) and Copeland Capital Management LLC (2.92%). Insiders that own company stock include Michael L Kubacki, Brian J Smith, Lisa M O'neill, Eric H Ottinger, Robert E Bartels Jr, Steven D Ross, Emily E Pichon, Blake Augsburger, David M Findlay, Kristin Pruitt, James Rickard Donovan, Kyra E Clark, Stephanie R Leniski, Donald Robinson-Gay, Jonathan P Steiner, Brok A Lahrman and Michael E Gavin.
View institutional ownership trends
.

Shares of LKFN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Lakeland Financial investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and iShares Micro-Cap ETF (IWC).

Company Calendar

Last Earnings
10/25/2024
Ex-Dividend for 11/5 Dividend
10/25/2024
Dividend Payable
11/05/2024
Today
12/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:LKFN
CUSIP
51165610
Employees
650
Year Founded
1872

Price Target and Rating

Average Stock Price Target
$71.00
High Stock Price Target
$78.00
Low Stock Price Target
$65.00
Potential Upside/Downside
+3.0%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$93.77 million
Pretax Margin
27.38%

Debt

Sales & Book Value

Annual Sales
$255.76 million
Cash Flow
$4.12 per share
Book Value
$25.55 per share

Miscellaneous

Free Float
24,664,000
Market Cap
$1.76 billion
Optionable
Optionable
Beta
0.67

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This page (NASDAQ:LKFN) was last updated on 12/24/2024 by MarketBeat.com Staff
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