Lakeland Financial Corporation (LKFN)

NASDAQ: LKFN · IEX Real-Time Price · USD
73.16
+0.53 (0.73%)
Feb 3, 2023, 4:00 PM EST - Market closed
0.73%
Market Cap 1.85B
Revenue (ttm) 231.69M
Net Income (ttm) 102.12M
Shares Out 25.35M
EPS (ttm) 3.98
PE Ratio 18.38
Forward PE 17.57
Dividend $1.60 (2.19%)
Ex-Dividend Date Oct 24, 2022
Volume 175,374
Open 72.25
Previous Close 72.63
Day's Range 71.68 - 73.31
52-Week Range 64.05 - 83.57
Beta 0.77
Analysts Sell
Price Target 79.22 (+8.28%)
Earnings Date Jan 25, 2023

About LKFN

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;... [Read more]

Sector Financials
IPO Date Aug 15, 1997
Employees 600
Stock Exchange NASDAQ
Ticker Symbol LKFN
Full Company Profile

Financial Performance

In 2021, LKFN's revenue was $221.73 million, an increase of 13.66% compared to the previous year's $195.08 million. Earnings were $95.73 million, an increase of 13.51%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for LKFN stock is "Sell." The 12-month stock price forecast is $79.22, which is an increase of 8.28% from the latest price.

Price Target
$79.22
(8.28% upside)
Analyst Consensus: Sell
Stock Forecasts

News

Lakeland Financial (LKFN) Q4 Earnings Miss Estimates

Lakeland Financial (LKFN) delivered earnings and revenue surprises of -9.82% and 2.52%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 week ago - Zacks Investment Research

Lakeland Financial Reports Record Annual Performance; Record Annual Net Income Improves by 8% to $103.8 Million

WARSAW, Ind., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported record full year net income of $103.8 milli...

1 week ago - GlobeNewsWire

5 Stocks With Recent Dividend Hike for a Stable Portfolio

At this stage, dividend-paying stocks should be in demand as investors will try to safeguard their portfolio. Five such stocks are: LXFR, OZK, ALG, SNX and LKFN.

Other symbols: ALGLXFROZKSNX
3 weeks ago - Zacks Investment Research

Daily Dividend Report: AON, Metlife, Cintas, Realty Income, International Paper, Lakeland Financial

Daily Dividend Report: AON, Metlife, Cintas, Realty Income, International Paper, Lakeland Financial

Other symbols: AONCTASIPMETO
3 weeks ago - Forbes

Lake City Bank Parent Announces 15% Increase in Quarterly Dividend

WARSAW, Ind., Jan. 10, 2023 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, announced that the Board of Directors approved a quarterly...

3 weeks ago - GlobeNewsWire

Lake City Bank Named Best Small Bank in Indiana in National Ranking from Newsweek

WARSAW, Ind., Dec. 19, 2022 (GLOBE NEWSWIRE) -- Lake City Bank was named the Best Small Bank in Indiana in America's Best Banks 2023 ranking from Newsweek and Lending Tree.

1 month ago - GlobeNewsWire

New Strong Buy Stocks for December 14th

SANM, AU, BCBP, WPP and LKFN have been added to the Zacks Rank #1 (Strong Buy) List on December 14, 2022.

Other symbols: AUBCBPSANMWPP
1 month ago - Zacks Investment Research

Lakeland Financial (LKFN) Q3 Earnings and Revenues Top Estimates

Lakeland Financial (LKFN) delivered earnings and revenue surprises of 8.82% and 1.30%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Lakeland Financial Reports Record Quarterly Performance; Year-to-Date Record Net Income Improves by 9% to $77.8 million

WARSAW, Ind., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported record third quarter net income of $28.5 mi...

3 months ago - GlobeNewsWire

Why Lakeland Financial (LKFN) is a Great Dividend Stock Right Now

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Lakeland Financial (LKFN) have what it takes?

4 months ago - Zacks Investment Research

Lakeland Financial (LKFN) Could Be a Great Choice

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Lakeland Financial (LKFN) have what it takes?

5 months ago - Zacks Investment Research

Lakeland Financial (LKFN) Upgraded to Buy: What Does It Mean for the Stock?

Lakeland Financial (LKFN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

5 months ago - Zacks Investment Research

Lakeland Financial (LKFN) Q2 Earnings and Revenues Top Estimates

Lakeland Financial (LKFN) delivered earnings and revenue surprises of 5.26% and 1.06%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

Lakeland Financial Reports Record Second Quarter 2022 Performance; Year-to-Date Record Net Income Improves by 4% to $49.3 million

WARSAW, Ind., July 25, 2022 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported record second quarter net income of $25.7 m...

6 months ago - GlobeNewsWire

Why Lakeland Financial (LKFN) is a Top Dividend Stock for Your Portfolio

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Lakeland Financial (LKFN) have what it takes?

8 months ago - Zacks Investment Research

Lake City Bank Launches 150th Anniversary Celebration; Supports Community Foundations

WARSAW, Ind., May 17, 2022 (GLOBE NEWSWIRE) -- Today Lake City Bank launches its 150th anniversary celebration, a year-long commemoration of the bank's history and commitment to the communities it ser...

9 months ago - GlobeNewsWire

Lakeland Financial (LKFN) is a Top Dividend Stock Right Now: Should You Buy?

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Lakeland Financial (LKFN) have what it takes?

9 months ago - Zacks Investment Research

This is Why Lakeland Financial (LKFN) is a Great Dividend Stock

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Lakeland Financial (LKFN) have what it takes?

10 months ago - Zacks Investment Research

Lake City Bank Named to KBW Bank Honor Roll of High Performing Banks for the 11th Consecutive Year

WARSAW, Ind., April 26, 2022 (GLOBE NEWSWIRE) -- Lake City Bank, the single bank subsidiary of Lakeland Financial Corporation (Nasdaq Global Select/LKFN), announced today that the bank's long term per...

10 months ago - GlobeNewsWire

Lakeland Financial (LKFN) Tops Q1 Earnings and Revenue Estimates

Lakeland Financial (LKFN) delivered earnings and revenue surprises of 4.55% and 0.57%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

10 months ago - Zacks Investment Research

Lakeland Financial Reports Record First Quarter 2022 Performance

WARSAW, Ind., April 25, 2022 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported record first quarter net income of $23.6 m...

10 months ago - GlobeNewsWire

Lakeland Financial (LKFN) Q4 Earnings and Revenues Miss Estimates

Lakeland Financial (LKFN) delivered earnings and revenue surprises of -2.06% and 2.64%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

Lakeland Financial Reports Record Annual Performance

Year-to-Date Record Net Income Improves by 13% to $95.7 Million Year-to-Date Record Net Income Improves by 13% to $95.7 Million

1 year ago - GlobeNewsWire

Faraz Abbasi Appointed to Lakeland Financial Corporation and Lake City Bank Boards

WARSAW, Ind., Jan. 14, 2022 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN) and Lake City Bank announced today that Faraz Abbasi has been appointed to its respective Boa...

1 year ago - GlobeNewsWire

3 Stocks Giving Inflation-Beating Dividend Raises

Inflation continues to rear its ugly head, with the consumer price index rising 7% in December. The consumer price index was up 0.5% on a monthly basis, but there is no question that consumers are fee...

Other symbols: ALLYJEF
1 year ago - GuruFocus