Lakeland Financial Corp. (LKFN)
NASDAQ:LKFN
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Lakeland Financial
(NASDAQ:LKFN)
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Rating:76Outperform
Price Target:
$70.00
▲(14.16% Upside)
Action:Reiterated
Date:04/29/26
The score is driven primarily by solid financial performance (strong profitability, decent ROE, and good cash conversion), tempered by uneven growth/cash-flow consistency and credit-cycle sensitivity (including CRE/mortgage concentration and reserve swings). Technicals are supportive with price above key moving averages and positive MACD, while valuation is reasonable with a mid-teens P/E and a ~3.3% dividend; recent corporate actions (buyback expansion and continued dividends) add incremental support.
Positive Factors
Strong capital ratios
High tangible common equity and risk-based capital provide a durable buffer against credit losses and regulatory shocks, enabling steadier lending and underwriting through cycles. This capital strength supports strategic growth, preserves franchise value, and reduces likelihood of forced capital actions over 2–6 months.
Negative Factors
Volatile revenue and cash flow
Large swings in revenue and operating/free cash flow suggest earnings are sensitive to timing, interest rate moves, or one-off items. This variability reduces predictability of core earnings and capital generation, complicating planning for lending growth, reserves, and sustainable dividend/buyback pacing over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong capital ratios
High tangible common equity and risk-based capital provide a durable buffer against credit losses and regulatory shocks, enabling steadier lending and underwriting through cycles. This capital strength supports strategic growth, preserves franchise value, and reduces likelihood of forced capital actions over 2–6 months.
Read all positive factors
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 (LKFN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.43B
Dividend Yield3.37%
Average Volume (3M)159.26K
Price to Earnings (P/E)13.7
Beta (1Y)0.76
Revenue Growth-0.58%
EPS Growth22.18%
CountryUS
Employees647
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)4.29
Shares Outstanding24,913,586
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 Cap1.01
Enterprise Value/Revenue3.38
Enterprise Value/Gross Profit5.36
Enterprise Value/Ebitda10.47
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)4.31
Revenue Forecast (FY)$291.29M
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 makes money primarily through its banking subsidiary by earning net interest income and generating noninterest income. Net interest income is driven by interest earned on loans (such as commercial, commercial real estate, reside...
Lakeland Financial Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 425.24M | 421.71M | 430.00M | 393.13M | 281.43M | 237.94M |
| Gross Profit | 267.89M | 257.19M | 236.77M | 241.04M | 235.37M | 221.73M |
| EBITDA | 137.10M | 130.37M | 117.64M | 116.51M | 131.94M | 125.83M |
| Net Income | 109.75M | 103.36M | 93.48M | 93.77M | 103.82M | 95.73M |
Balance Sheet | ||||||
| Total Assets | 7.08B | 6.99B | 6.68B | 6.52B | 6.43B | 6.56B |
| Cash, Cash Equivalents and Short-Term Investments | 65.70M | 141.32M | 591.05M | 1.20B | 1.32B | 2.08B |
| Total Debt | 75.09M | 184.20M | 0.00 | 50.00M | 297.00M | 75.00M |
| Total Liabilities | 6.33B | 6.23B | 5.99B | 5.87B | 5.86B | 5.85B |
| Stockholders Equity | 748.90M | 762.40M | 683.82M | 649.70M | 568.80M | 704.82M |
Cash Flow | ||||||
| Free Cash Flow | 106.58M | 103.77M | 93.85M | 107.99M | 164.52M | 107.60M |
| Operating Cash Flow | 120.63M | 114.89M | 102.48M | 113.98M | 169.34M | 113.77M |
| Investing Cash Flow | -302.09M | -325.42M | -164.24M | -54.93M | -626.52M | -331.55M |
| Financing Cash Flow | 97.56M | 183.65M | 78.13M | -37.51M | -95.78M | 651.09M |
Lakeland Financial Technical Analysis
Positive
61.32
Price Trends
58.78
Positive
58.67
Positive
60.33
Positive
Market Momentum
0.83
Negative
65.60
Neutral
67.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LKFN, the sentiment is Positive. The current price of 61.32 is above the 20-day moving average (MA) of 58.60, above the 50-day MA of 58.78, and above the 200-day MA of 60.33, indicating a bullish trend. The MACD of 0.83 indicates Negative momentum. The RSI at 65.60 is Neutral, neither overbought nor oversold. The STOCH value of 67.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $1.64B | 12.63 | 10.37% | 0.33% | 8.62% | 99.65% | |
77 Outperform | $1.69B | 6.62 | 22.34% | 0.27% | 4.92% | 14.55% | |
76 Outperform | $1.43B | 13.73 | 14.79% | 3.37% | -0.58% | 22.18% | |
74 Outperform | $1.85B | 17.34 | 6.38% | 1.82% | -3.22% | -5.50% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $1.04B | 23.93 | 10.20% | ― | -3.36% | -6.31% | |
61 Neutral | $2.04B | 33.84 | 4.87% | ― | 12.80% | ― |
* Financial Sector Average
LKFN
Lakeland Financial
57.26
-2.00
-3.37%
CASH
Pathward Financial
79.90
-1.04
-1.29%
LOB
Live Oak Bancshares
35.55
7.55
26.97%
STEL
Stellar Bancorp
36.39
9.22
33.93%
CCB
Coastal Financial
68.41
-18.74
-21.50%
CLBK
Columbia Financial
19.57
4.54
30.21%
Lakeland Financial Corporate Events
Business Operations and StrategyFinancial Disclosures
Lakeland Financial Highlights Strong Q1 2026 Performance Metrics
Positive
Apr 27, 2026
Lakeland Financial Corporation used a first-quarter 2026 investor presentation to highlight its long-term shareholder value creation, including more than 20 years of compounded tangible book value per share growth above 8% and last-twelve-month re...
Executive/Board ChangesShareholder Meetings
Lakeland Financial Shareholders Back Board, Pay and Auditor
Positive
Apr 15, 2026
At its April 14, 2026 annual meeting of shareholders, Lakeland Financial investors elected 13 directors, including A. Faraz Abbasi, Blake W. Augsburger, Robert E. Bartels, Jr. and others, to serve terms expiring in 2027, with most nominees receivi...
Dividends
Lakeland Financial Declares Quarterly Cash Dividend to Shareholders
Positive
Apr 14, 2026
On April 14, 2026, Lakeland Financial Corporation announced that its board of directors had declared a quarterly cash dividend of $0.52 per share on its common stock, continuing its practice of returning capital to shareholders. The dividend was s...
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...
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.