Lakeland Financial Corp
Lakeland Financial Corp (LKFN) is listed on NASDAQ and classified in Banks - Regional, part of the Financial Services sector. It is headquartered in Warsaw, United States and has 695 employees. The company is worth $1.48B and trades at 13.6x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $268.99M in fiscal 2025, up 6.1% from the year before. Net income was $103.36M. The share price is 8.0% below its 52-week high of $64.55. It pays a dividend yielding 3.50%, and has raised its annual dividend for 14 years in a row in our records. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $25.78M. In that quarter, 5 of them opened or added to the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -17.9% over 5Y.
today you would have $929.66▼ -7.0%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $57.06 | $68.76 | $65.16 | $72.97 | $80.14 | $53.58 | $48.93 | $40.16 | $48.49 | $47.36 | $31.08 | $28.98 | $26.00 | $17.23 | $17.25 | $14.31 | $11.50 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 4.0% a year plus a 3.5% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 16.7 across this company’s own years on record.
Cash flow growing 4.0% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 6.3% a year against a 7.8% required return, from the stock’s beta.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| TFINTriumph Financial, Inc. | $62.21 | 42.0x | 1.6x | 0.00% | 4.12% | $1.49B |
| UFCSUnited Fire Group Inc | $57.99 | 10.6x | 1.5x | 1.38% | 15.46% | $1.49B |
| STCStewart Information Services Corp | $49.24 | 11.5x | 0.9x | 4.47% | 9.61% | $1.5B |
| TMPTompkins Financial Corp |
| 16.7x |
| 14.2x |
| 18.9x |
| 17.9x |
| 18.1x |
| 21.4x |
| 16.2x |
| 14.5x |
| 12.8x |
| 21.7x |
| 23.1x |
| 16.9x |
| 16.7x |
| 16.7x |
| 12.0x |
| 13.8x |
| 16.3x |
| 13.7x |
| P/S | 5.7x | 5.4x | 6.9x | 6.7x | 7.6x | 9.1x | 6.5x | 6.3x | 5.4x | 7.1x | 7.9x | 5.7x | 5.5x | 5.3x | 3.8x | 3.7x | 3.0x | 2.2x |
| P/B | 2.0x | 1.9x | 2.6x | 2.6x | 3.3x | 2.9x | 2.1x | 2.1x | 2.0x | 2.6x | 2.8x | 2.0x | 2.0x | 2.0x | 1.4x | 1.5x | 1.4x | 0.8x |
| EPS | $4.01 | $3.63 | $3.65 | $4.04 | $3.74 | $3.30 | $3.38 | $3.13 | $2.23 | $2.05 | $1.84 | $1.74 | $1.55 | $1.43 | $1.25 | $0.88 | $0.84 |
| Dividend yield | 2.37% | 3.51% | 2.79% | 2.82% | 2.19% | 1.70% | 2.24% | 2.37% | 2.49% | 1.75% | 1.53% | 2.03% | 1.89% | 1.46% | 3.23% | 2.40% | 2.89% | 3.59% |
| Payout | 36.36% | 49.88% | 52.89% | 50.41% | 39.60% | 36.36% | 36.36% | 34.32% | 31.95% | 38.12% | 35.45% | 34.24% | 31.42% | 24.46% | 38.84% | 32.98% | 46.97% | 49.21% |
| Profit margin | 34.41% | 38.43% | 36.87% | 37.98% | 42.42% | 42.97% | 40.19% | 43.51% | 41.97% | 33.34% | 34.41% | 33.74% | 33.10% | 32.05% | 31.36% | 26.83% | 21.50% | 18.51% |
| ROE | 12.23% | 13.56% | 13.67% | 14.43% | 18.25% | 13.58% | 12.83% | 14.56% | 15.42% | 12.23% | 12.20% | 11.80% | 12.12% | 12.07% | 11.89% | 11.22% | 9.94% | 6.78% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+44.3% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| $100.78 |
| 8.2x |
| 1.5x |
| 2.78% |
| 20.36% |
| $1.45B |
| XZOExzeo Group, Inc. | $16.69 | 17.4x | 5.2x | 0.00% | 50.37% | $1.5B |
| AMALAmalgamated Financial Corp. | $50.31 | 13.4x | 1.8x | 1.35% | 14.28% | $1.5B |