Lakeland Financial (LKFN) Stock Price, News & Analysis

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lakeland Financial in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" LKFN shares.
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2 Wall Street analysts have issued twelve-month price objectives for Lakeland Financial's shares. Their LKFN share price targets range from $70.00 to $78.00. On average, they expect the company's share price to reach $74.00 in the next twelve months. This suggests a possible upside of 26.1% from the stock's current price.
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Lakeland Financial's stock was trading at $65.16 at the beginning of 2024. Since then, LKFN stock has decreased by 9.9% and is now trading at $58.68.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
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Lakeland Financial Co. (NASDAQ:LKFN) issued its quarterly earnings data on Thursday, January, 25th. The financial services provider reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.10. The financial services provider earned $65.81 million during the quarter, compared to analyst estimates of $59.81 million. Lakeland Financial had a trailing twelve-month return on equity of 14.89% and a net margin of 23.85%. During the same quarter in the previous year, the business earned $1.01 earnings per share.

Lakeland Financial declared a quarterly dividend on Tuesday, April 9th. Stockholders of record on Thursday, April 25th will be given a dividend of $0.48 per share on Monday, May 6th. This represents a $1.92 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Wednesday, April 24th.
Read our dividend analysis for LKFN.

Lakeland Financial (NASDAQ:LKFN) pays an annual dividend of $1.92 per share and currently has a dividend yield of 3.24%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 52.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LKFN will have a dividend payout ratio of 54.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LKFN.

ETFs with the largest weight of Lakeland Financial (NASDAQ:LKFN) stock in their portfolio include Opus Small Cap Value Plus ETF (OSCV), First Trust NASDAQ ABA Community Bank Index Fund (QABA) and SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV).First Trust RBA American Industrial Renaissance ETF (AIRR).

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).

Lakeland Financial's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Bridge City Capital LLC (0.12%) and GAMMA Investing LLC (0.00%). Insiders that own company stock include Blake Augsburger, Brian J Smith, Brok A Lahrman, David M Findlay, Donald Robinson-Gay, Emily E Pichon, Eric H Ottinger, James Rickard Donovan, Jonathan P Steiner, Kristin Pruitt, Lisa M O'neill, M Scott Welch, Michael E Gavin, Michael L Kubacki, Robert E Bartels Jr, Stephanie R Leniski and Steven D Ross.
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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.
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