Lakeland Financial Corp. (LKFN)
NASDAQ:LKFN
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Lakeland Financial
(NASDAQ:LKFN)
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Rating:72Outperform
Price Target:
$67.00
▲(9.26% Upside)
Action:ReiteratedDate:04/16/26
The score is primarily driven by solid underlying financial performance (revenue/profitability and generally sound leverage) offset by a notable 2025 drop in operating/free cash flow. Technicals are constructive with price above key moving averages and positive MACD, while valuation is reasonable with a mid-teens P/E and ~3.3% yield. Corporate events add support via dividends and an increased buyback authorization.
Positive Factors
Consistent profitability and strong capital ratios
Longstanding profitability and robust capital metrics provide durable loss-absorption and regulatory cushion. Consistent ROE and rising tangible book value support organic growth, enable disciplined lending and capital returns, and reduce the risk of forced capital raises over the medium term.
Negative Factors
Material decline in cash generation
A sharp drop in operating and free cash flow weakens internal funding for loans, dividends and buybacks. If reduced cash conversion persists, the bank may need to lean more on external funding or curtail capital returns, increasing execution risk and reducing financial flexibility over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent profitability and strong capital ratios
Longstanding profitability and robust capital metrics provide durable loss-absorption and regulatory cushion. Consistent ROE and rising tangible book value support organic growth, enable disciplined lending and capital returns, and reduce the risk of forced capital raises over the medium term.
Read all positive factors
Lakeland Financial (LKFN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.56B
Dividend Yield3.37%
Average Volume (3M)159.26K
Price to Earnings (P/E)14.1
Beta (1Y)0.70
Revenue Growth-2.90%
EPS Growth-1.47%
CountryUS
Employees647
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.16
Shares Outstanding26,062,063
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 Cap1.11
Enterprise Value/Revenue4.09
Enterprise Value/Gross Profit6.71
Enterprise Value/Ebitda13.24
Forecast
1Y Price Target
$66.50Price Target Upside8.45% Upside
Rating ConsensusHold
Number of Analyst Covering2
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 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
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 |
|---|---|---|---|---|---|---|---|
82 Outperform | $2.10B | 11.28 | 22.83% | 0.27% | 7.80% | 19.38% | |
73 Outperform | $1.91B | 15.57 | 6.38% | 1.82% | -4.40% | -8.80% | |
72 Outperform | $1.56B | 14.15 | 13.50% | 3.37% | -2.90% | -1.47% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $1.69B | 15.19 | 6.31% | 0.33% | 10.41% | -19.43% | |
61 Neutral | $1.27B | 36.84 | 10.01% | ― | -2.11% | 6.48% | |
55 Neutral | $1.91B | 30.45 | 1.34% | ― | -3.60% | -8.63% |
* Financial Sector Average
LKFN
Lakeland Financial
61.36
10.98
21.78%
CASH
Pathward Financial
99.93
29.80
42.49%
LOB
Live Oak Bancshares
37.38
13.69
57.76%
STEL
Stellar Bancorp
37.94
12.92
51.63%
CCB
Coastal Financial
82.71
-1.19
-1.41%
CLBK
Columbia Financial
18.41
5.34
40.86%
Lakeland Financial Corporate Events
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...
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...
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.