Lakeland Financial Co. (NASDAQ:LKFN) declared a quarterly dividend on Tuesday, January 9th, Zacks reports. Investors of record on Thursday, January 25th will be paid a dividend of 0.22 per share by the financial services provider on Monday, February 5th. This represents a $0.88 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Wednesday, January 24th.

Lakeland Financial (NASDAQ LKFN) opened at $50.69 on Friday. The firm has a market cap of $1,295.77, a PE ratio of 21.85, a P/E/G ratio of 1.81 and a beta of 0.83. Lakeland Financial has a 12 month low of $39.68 and a 12 month high of $52.43. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.07.

Lakeland Financial (NASDAQ:LKFN) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. Lakeland Financial had a net margin of 30.67% and a return on equity of 13.33%. The business had revenue of $44.12 million for the quarter, compared to analyst estimates of $43.91 million. equities analysts anticipate that Lakeland Financial will post 2.39 earnings per share for the current fiscal year.

A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Lakeland Financial from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research note on Tuesday, September 26th. ValuEngine lowered shares of Lakeland Financial from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, BidaskClub lowered shares of Lakeland Financial from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Lakeland Financial currently has an average rating of “Buy” and a consensus price target of $52.00.

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Lakeland Financial Company Profile

Lakeland Financial Corporation is a bank holding company. The Company, through its subsidiary, Lake City Bank (the Bank), provides an array of products and services throughout its Northern and Central Indiana markets. It offers commercial and consumer banking services, as well as trust and wealth management, brokerage, investment and treasury management commercial services.

Dividend History for Lakeland Financial (NASDAQ:LKFN)

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