Lakeland Financial Corp. (LKFN)
NASDAQ:LKFN
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Lakeland Financial
(NASDAQ:LKFN)
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Rating:63Neutral
Price Target:
$61.00
▲(7.09% Upside)
Action:ReiteratedDate:03/07/26
The score is anchored by solid underlying fundamentals (revenue growth, profitability, and generally sound capitalization), but is held back by the notable 2025 cash-flow deterioration and weak current price momentum (below key moving averages with negative MACD). Valuation and capital-return actions (dividend raise and larger buyback authorization) provide meaningful support.
Positive Factors
Long-term organic growth track record
A multi-decade record of organic growth and an >8% CAGR in tangible book value shows durable franchise expansion and disciplined capital reinvestment. That history indicates repeatable lending and deposit gathering capabilities in its Indiana markets, supporting stable long-term earnings.
Negative Factors
Sharp 2025 cash-flow deterioration
A near halving of operating cash flow and large free cash flow decline in 2025 materially weakens cash conversion quality. If persistent, this reduces internal funding for loan growth, buybacks or dividends and raises reliance on external funding, increasing execution and earnings risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Long-term organic growth track record
A multi-decade record of organic growth and an >8% CAGR in tangible book value shows durable franchise expansion and disciplined capital reinvestment. That history indicates repeatable lending and deposit gathering capabilities in its Indiana markets, supporting stable long-term earnings.
Read all positive factors
Lakeland Financial (LKFN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.44B
Dividend Yield3.37%
Average Volume (3M)159.26K
Price to Earnings (P/E)14.1
Beta (1Y)0.73
Revenue Growth-2.90%
EPS Growth-1.47%
CountryUS
Employees647
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.16
Shares Outstanding25,266,502
10 Day Avg. Volume222,204
30 Day Avg. Volume159,261
Financial Highlights & Ratios
PEG Ratio1.35
Price to Book (P/B)1.92
Price to Sales (P/S)3.47
P/FCF Ratio14.09
Enterprise Value/Market Cap1.08
Enterprise Value/Revenue3.69
Enterprise Value/Gross Profit6.05
Enterprise Value/Ebitda11.93
Forecast
1Y Price Target
$66.50Price Target Upside16.75% Upside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)4.29
Revenue Forecast (FY)$285.26M
Lakeland Financial Business Overview & Revenue Model
Company Description
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, savin...
How the Company Makes Money
Lakeland Financial generates revenue through various streams, primarily focusing on interest income from loans and investments, along with non-interest income from service fees and wealth management services. The company's core revenue model relie...
Lakeland Financial Key Performance Indicators (KPIs)
Any
Loan Portfolio Breakdown
Analyzes the composition of loans, providing insight into risk exposure, sector focus, and potential growth areas within the bank's lending activities.
Analyzes the composition of loans, providing insight into risk exposure, sector focus, and potential growth areas within the bank's lending activities.
Data provided by:
The Fly
The FlyLakeland Financial Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
52
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 421.71M | 430.00M | 393.13M | 281.43M | 237.94M |
| Gross Profit | 257.19M | 236.77M | 241.04M | 235.37M | 221.73M |
| EBITDA | 130.37M | 117.64M | 116.51M | 131.94M | 125.83M |
| Net Income | 103.36M | 93.48M | 93.77M | 103.82M | 95.73M |
Balance Sheet | |||||
| Total Assets | 6.99B | 6.68B | 6.52B | 6.43B | 6.56B |
| Cash, Cash Equivalents and Short-Term Investments | 141.32M | 591.05M | 1.20B | 1.32B | 2.08B |
| Total Debt | 184.20M | 0.00 | 50.00M | 297.00M | 75.00M |
| Total Liabilities | 6.23B | 5.99B | 5.87B | 5.86B | 5.85B |
| Stockholders Equity | 762.40M | 683.82M | 649.70M | 568.80M | 704.82M |
Cash Flow | |||||
| Free Cash Flow | 103.77M | 93.85M | 107.99M | 164.52M | 107.60M |
| Operating Cash Flow | 114.89M | 102.48M | 113.98M | 169.34M | 113.77M |
| Investing Cash Flow | -325.42M | -164.24M | -54.93M | -626.52M | -331.55M |
| Financing Cash Flow | 183.65M | 78.13M | -37.51M | -95.78M | 651.09M |
Lakeland Financial Technical Analysis
Neutral
56.96
Price Trends
58.97
Negative
58.35
Negative
60.30
Negative
Market Momentum
-0.70
Negative
46.78
Neutral
70.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LKFN, the sentiment is Neutral. The current price of 56.96 is above the 20-day moving average (MA) of 56.95, below the 50-day MA of 58.97, and below the 200-day MA of 60.30, indicating a neutral trend. The MACD of -0.70 indicates Negative momentum. The RSI at 46.78 is Neutral, neither overbought nor oversold. The STOCH value of 70.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for LKFN.
Lakeland Financial Risk Analysis
Lakeland Financial disclosed 31 risk factors in its most recent earnings report. Lakeland Financial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Lakeland Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $1.93B | 11.28 | 22.83% | 0.27% | 7.80% | 19.38% | |
74 Outperform | $1.84B | 15.57 | 6.38% | 1.82% | -4.40% | -8.80% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $1.51B | 15.19 | 6.31% | 0.33% | 10.41% | -19.43% | |
63 Neutral | $1.44B | 14.15 | 13.50% | 3.37% | -2.90% | -1.47% | |
61 Neutral | $1.14B | 36.84 | 10.01% | ― | -2.11% | 6.48% | |
55 Neutral | $1.81B | 30.45 | 1.34% | ― | -3.60% | -8.63% |
* Financial Sector Average
LKFN
Lakeland Financial
56.51
-0.95
-1.65%
CASH
Pathward Financial
87.97
15.21
20.90%
LOB
Live Oak Bancshares
32.09
5.53
20.81%
STEL
Stellar Bancorp
35.84
8.69
32.00%
CCB
Coastal Financial
73.39
-17.02
-18.83%
CLBK
Columbia Financial
17.23
2.23
14.87%
Lakeland Financial Corporate Events
Business Operations and StrategyStock Buyback
Lakeland Financial Doubles Authorization for Share Repurchases
Positive
Mar 6, 2026
On March 5, 2026, Lakeland Financial Corporation’s board of directors doubled the size of its existing share repurchase authorization, increasing the total amount of common stock it may buy back from $30 million to $60 million. The company m...
Business Operations and StrategyFinancial Disclosures
Lakeland Financial Highlights Q4 2025 Strength and Growth
Positive
Jan 26, 2026
In an investor presentation used in meetings with analysts and shareholders discussing fourth-quarter 2025 performance, Lakeland Financial highlighted its long-term record of profitability and capital strength, including being profitable for the p...
Business Operations and StrategyExecutive/Board Changes
Lakeland Financial Promotes Robinson-Gay to Chief Credit Officer
Positive
Jan 15, 2026
On January 15, 2026, Lakeland Financial Corporation announced that Donald J. Robinson-Gay was promoted to Executive Vice President and Chief Credit Officer of both the company and its subsidiary, Lake City Bank, effective January 14, 2026. Robinso...
Business Operations and StrategyDividends
Lakeland Financial Raises Quarterly Dividend, Signals Ongoing Confidence
Positive
Jan 13, 2026
On January 13, 2026, Lakeland Financial Corporation announced that its board of directors approved a first-quarter 2026 quarterly cash dividend of $0.52 per share, payable on February 5, 2026, to shareholders of record as of January 25, 2026, repr...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.