Lakeland Financial Corporation (LKFN)
| 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]
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 StatementsAnalyst 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.
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?
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...
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.
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...
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.
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.
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?
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...
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?
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?
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).
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?
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...
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?
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...
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?
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?
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...
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?
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...
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?
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
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...
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...