Lakeland Financial Corporation (LKFN)

NASDAQ: LKFN · IEX Real-Time Price · USD
70.33
-1.48 (-2.06%)
May 18, 2022 1:04 PM EDT - Market open
Market Cap1.78B
Revenue (ttm)222.12M
Net Income (ttm)96.39M
Shares Out25.35M
EPS (ttm)3.76
PE Ratio18.70
Forward PE17.51
Dividend$1.48 (2.10%)
Ex-Dividend DateApr 22, 2022
Volume40,228
Open71.00
Previous Close71.81
Day's Range70.08 - 71.41
52-Week Range56.06 - 85.71
Beta0.72
AnalystsSell
Price Target76.84 (+9.3%)
Earnings DateApr 25, 2022

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;...

IndustryBanks
IPO DateAug 15, 1997
Employees585
Stock ExchangeNASDAQ
Ticker SymbolLKFN
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 76.84, which is an increase of 9.26% from the latest price.

Price Target
$76.84
(9.26% upside)
Analyst Consensus: Sell
Stock Forecasts

News

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 serve...

1 day 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?

2 days 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?

2 weeks 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 perfo...

3 weeks 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?

3 weeks 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 mil...

3 weeks 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?

3 months 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

3 months 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 Board...

4 months 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 feeli...

Other symbols:ALLYJEF
4 months ago - GuruFocus

Lake City Bank Parent Announces 18% Increase in Quarterly Dividend

WARSAW, Ind., Jan. 11, 2022 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, announced that the Board of Directors approved a quarterly c...

4 months ago - GlobeNewsWire

Lakeland Financial (LKFN) Surpasses Q3 Earnings and Revenue Estimates

Lakeland Financial (LKFN) delivered earnings and revenue surprises of 1.08% and 2.91%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

Lakeland Financial Reports Record Third Quarter 2021 Performance; Year-to-Date Record Net Income Improves by 20% to $...

WARSAW, Ind., Oct. 25, 2021 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported record third quarter net income of $24.1 mill...

6 months ago - GlobeNewsWire

Lakeland Financial (LKFN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Lakeland Financial (LKFN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

6 months ago - Zacks Investment Research

Lake City Bank's Joe Kessie named 2021 Bruning Award recipient by American Bankers Association

WARSAW, Ind., Oct. 18, 2021 (GLOBE NEWSWIRE) -- Lake City Bank is pleased to announce that Joseph F. “Joe” Kessie, Senior Vice President, Commercial South Regional Manager, has been named the 2021 recip...

7 months ago - GlobeNewsWire

Lake City Bank Announces Promotion of Lisa A. Fulton to Chief Operations Officer

Additional Promotions Announced for Lisa S. Fitzgerald, Michelle R. Ganser and Eric D. Wagoner Additional Promotions Announced for Lisa S. Fitzgerald, Michelle R. Ganser and Eric D. Wagoner

7 months ago - GlobeNewsWire

Lakeland Financial (LKFN) Now Trades Above Golden Cross: Time to Buy?

When a stock experiences a golden cross technical event, good things could be on the horizon. How should investors react?

9 months ago - Zacks Investment Research

Lake City Bank to open branch in Elkhart High School, the bank's 51st office

WARSAW, Ind., Aug. 10, 2021 (GLOBE NEWSWIRE) -- Lake City Bank announced today that the bank will open its 51st branch office in the new combined Elkhart High School, which is set to open in Fall 2021 a...

9 months ago - GlobeNewsWire

Here's Why Lakeland Financial (LKFN) is a Great Momentum Stock to Buy

Does Lakeland Financial (LKFN) have what it takes to be a top stock pick for momentum investors? Let's find out.

9 months ago - Zacks Investment Research

Lakeland Financial to be added to the S&P SmallCap 600 Index

WARSAW, Ind., July 29, 2021 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, will be added to the S&P SmallCap 600 Index after the close ...

9 months ago - GlobeNewsWire

Lakeland Financial (LKFN) Beats Q2 Earnings and Revenue Estimates

Lakeland Financial (LKFN) delivered earnings and revenue surprises of 6.74% and 1.38%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

9 months ago - Zacks Investment Research

Lakeland Financial: Q2 Earnings Insights

Shares of Lakeland Financial (NASDAQ:LKFN) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share were up 23.38% year over year to $0.95, which beat the estimate of $...

9 months ago - Benzinga

Lakeland Financial Reports Record Second Quarter 2021 Performance

WARSAW, Ind., July 26, 2021 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported record quarterly net income of $24.3 million ...

9 months ago - GlobeNewsWire

Lakeland Financial (LKFN) to Report Q2 Results: Wall Street Expects Earnings Growth

Lakeland Financial (LKFN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

9 months ago - Zacks Investment Research

Lakeland Financial (LKFN) Moves to Buy: Rationale Behind the Upgrade

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).

11 months ago - Zacks Investment Research