Lakeland Financial Appoints New Directors to Board

Lakeland Financial ( (LKFN) ) just unveiled an announcement.

On May 13, 2025, Lakeland Financial Corporation appointed Dan Starr and Mindy Creighton Truex as directors of both the company and its subsidiary, Lake City Bank. Starr, CEO of Do it Best Corp., joins the Governance Committee, while Creighton Truex, President of Creighton Brothers Farms LLC, joins the Audit Committee. Their appointments are expected to enhance the bank’s governance and community engagement, aligning with its focus on long-term shareholder value and community banking philosophy.

The most recent analyst rating on (LKFN) stock is a Buy with a $71.00 price target. To see the full list of analyst forecasts on Lakeland Financial stock, see the LKFN Stock Forecast page.

Spark’s Take on LKFN Stock

According to Spark, TipRanks’ AI Analyst, LKFN is a Neutral.

Lakeland Financial demonstrates strong financial performance and positive corporate events, but the zero equity figure on the balance sheet poses a significant risk. Technical analysis suggests bearish momentum, which, combined with moderate valuation metrics, leads to a cautious overall outlook.

To see Spark’s full report on LKFN stock, click here.

More about Lakeland Financial

Lakeland Financial Corporation is a $6.9 billion bank holding company headquartered in Warsaw, Indiana. Its subsidiary, Lake City Bank, was founded in 1872 and operates 54 branch offices in Central and Northern Indiana. The bank focuses on community banking, emphasizing long-term customer relationships and offering technology-forward solutions for retail and commercial clients.

Average Trading Volume: 202,578

Technical Sentiment Signal: Hold

Current Market Cap: $1.57B

For a thorough assessment of LKFN stock, go to TipRanks’ Stock Analysis page.