Lakeland Financial (NASDAQ:LKFN) Sets New 1-Year Low on Disappointing Earnings (2025)

Posted by Defense World Staff on Apr 28th, 2025

Lakeland Financial Co. (NASDAQ:LKFN – Get Free Report)’s stock price reached a new 52-week low during trading on Saturday following a dissappointing earnings announcement. The stock traded as low as $50.00 and last traded at $53.50, with a volume of 465717 shares traded. The stock had previously closed at $54.59.

The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.09). The company had revenue of $90.46 million during the quarter, compared to analysts’ expectations of $63.54 million. Lakeland Financial had a return on equity of 13.31% and a net margin of 21.74%.

Lakeland Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Friday, April 25th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, April 25th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.74%. Lakeland Financial’s dividend payout ratio is currently 57.14%.

Wall Street Analysts Forecast Growth

LKFN has been the topic of several recent analyst reports. Hovde Group assumed coverage on Lakeland Financial in a research note on Friday, March 21st. They set a “market perform” rating and a $66.00 target price on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and set a $74.00 price target (up previously from $73.00) on shares of Lakeland Financial in a report on Monday, January 27th.

View Our Latest Report on LKFN

Insider Buying and Selling

In related news, Director M Scott Welch bought 5,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $61.40 per share, for a total transaction of $307,000.00. Following the completion of the transaction, the director now directly owns 39,000 shares in the company, valued at $2,394,600. This trade represents a 14.71 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephanie R. Leniski sold 1,500 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $61.94, for a total value of $92,910.00. Following the completion of the transaction, the executive vice president now directly owns 6,211 shares of the company’s stock, valued at approximately $384,709.34. This represents a 19.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Lakeland Financial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Lakeland Financial by 5.4% during the fourth quarter. Vanguard Group Inc. now owns 1,940,356 shares of the financial services provider’s stock valued at $133,419,000 after acquiring an additional 100,001 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its position in shares of Lakeland Financial by 5.7% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 956,565 shares of the financial services provider’s stock worth $65,773,000 after buying an additional 51,624 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Lakeland Financial by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 946,280 shares of the financial services provider’s stock valued at $65,066,000 after acquiring an additional 43,312 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Lakeland Financial by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 807,525 shares of the financial services provider’s stock worth $55,526,000 after buying an additional 6,307 shares during the period. Finally, Copeland Capital Management LLC lifted its stake in Lakeland Financial by 2.4% in the fourth quarter. Copeland Capital Management LLC now owns 764,186 shares of the financial services provider’s stock valued at $52,545,000 after buying an additional 18,247 shares during the last quarter. Institutional investors and hedge funds own 81.15% of the company’s stock.

Lakeland Financial Stock Down 2.0 %

The company has a fifty day moving average price of $59.19 and a two-hundred day moving average price of $65.90. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 14.74 and a beta of 0.64.

Lakeland Financial Company Profile

(Get Free Report)

Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services in the United States. The company accepts various deposit products, such as noninterest bearing, interest-bearing checking, savings, money market, NOW, and demand deposits.

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