Lakeland Financial (NASDAQ:LKFN) Azioni

Lakeland Financial

Lakeland Financial Corp is a bank holding company. It provides commercial, retail, wealth advisory, and investment management services. It offers a broad line of products and services throughout its Northern and Central Indiana markets. The company provides commercial and consumer banking services, as well as trust and wealth management, brokerage, and treasury management commercial services. It serves a wide variety of industries including, among others, commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and healthcare.

Lakeland Financial Corporation - Common Stock

Lakeland Financial Corp

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Hovde Group analyst Brendan Nosal upgraded the rating for Lakeland Financial Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKFN#NASDAQ">LKFN</a>) from Market Perform to Outperform. Lakeland Financial shares closed at $59.22 on Monday. <a href="https://www.benzinga.com/quote/LKFN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Hovde Group analyst Brendan Nosal upgraded HBT Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBT#NASDAQ">HBT</a>) from Market Perform to Outperform. HBT Finl shares closed at $23.57 on Monday. <a href="https://www.benzinga.com/quote/HBT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Hovde Group analyst Brendan Nosal upgraded First Savings Financial Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSFG#NASDAQ">FSFG</a>) from Market Perform to Outperform. First Savings Financial shares closed at $27.50 on Monday. <a href="https://www.benzinga.com/quote/FSFG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Hovde Group analyst Brendan Nosal upgraded Bank First Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BFC#NASDAQ">BFC</a>) from Market Perform to Outperform. Bank First shares closed at $114.52 on Monday. <a href="https://www.benzinga.com/quote/BFC/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying LKFN stock? Here&#8217;s what analysts think:
<figure class="wp-block-image is-resized"><img decoding="async" src="blob:https://editorial.benzinga.com/d1be1c3c-8bb9-462a-835f-7e263251e645" alt="" style="width:660px;height:auto" /></figure>
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News

Upgrades

Markets

Analyst Ratings

Trading Ideas

FSFG

LKFN

This Lakeland Financial Analyst Turns Bullish; Here Are Top 4 Upgrades For Tuesday

Hovde Group analyst Brendan Nosal upgrades Lakeland Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKFN#NASDAQ">LKFN</a>) from Market Perform to Outperform.

Hovde Group Upgrades Lakeland Financial to Outperform

Keefe, Bruyette &amp; Woods analyst Damon Delmonte maintains Lakeland Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKFN#NASDAQ">LKFN</a>) with a Market Perform and lowers the price target from $69 to $65.

Price Target

Keefe, Bruyette & Woods Maintains Market Perform on Lakeland Financial, Lowers Price Target to $65

Earnings

Lakeland Financial Q1 2025 Adj. EPS $0.78 Misses $0.89 Estimate, Sales $63.80M Beat $63.71M Estimate

<h3>Companies Reporting Before The Bell</h3>
• Gentex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) is projected to report quarterly earnings at $0.42 per share on revenue of $572.09 million. 
• Saia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) is estimated to report quarterly earnings at $2.76 per share on revenue of $811.53 million. 
• Phinia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHIN#NYSE">PHIN</a>) is estimated to report quarterly earnings at $1.00 per share on revenue of $814.11 million. 
• Virtus Inv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRTS#NYSE">VRTS</a>) is estimated to report quarterly earnings at $5.41 per share on revenue of $201.41 million. 
• Stellar Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STEL#NYSE">STEL</a>) is expected to report quarterly earnings at $0.44 per share on revenue of $105.66 million. 
• AutoNation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>) is estimated to report quarterly earnings at $4.38 per share on revenue of $6.64 billion. 
• Sensient Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXT#NYSE">SXT</a>) is estimated to report quarterly earnings at $0.82 per share on revenue of $387.70 million. 
• Carter's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRI#NYSE">CRI</a>) is projected to report quarterly earnings at $0.52 per share on revenue of $623.41 million. 
• Flagstar Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLG#NYSE">FLG</a>) is expected to report quarterly loss at $0.28 per share on revenue of $509.58 million. 
• Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) is estimated to report quarterly earnings at $0.99 per share on revenue of $970.49 million. 
• AbbVie (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) is likely to report quarterly earnings at $2.38 per share on revenue of $12.92 billion. 
• HCA Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>) is expected to report quarterly earnings at $5.76 per share on revenue of $18.26 billion. 
• Charter Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) is projected to report quarterly earnings at $8.69 per share on revenue of $13.68 billion. 
• Schlumberger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) is projected to report quarterly earnings at $0.74 per share on revenue of $8.60 billion. 
• Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) is expected to report quarterly loss at $0.72 per share on revenue of $31.33 billion. 
• Colgate-Palmolive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CL#NYSE">CL</a>) is projected to report quarterly earnings at $0.86 per share on revenue of $4.86 billion. 
• LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) is expected to report quarterly earnings at $0.43 per share on revenue of $7.46 billion. 
• Aon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>) is expected to report quarterly earnings at $6.02 per share on revenue of $4.86 billion. 
• Centene (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNC#NYSE">CNC</a>) is expected to report quarterly earnings at $2.54 per share on revenue of $43.36 billion. 
• Addex Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADXN#NASDAQ">ADXN</a>) is expected to report earnings for its fourth quarter. 
• Lakeland Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKFN#NASDAQ">LKFN</a>) is expected to report quarterly earnings at $0.89 per share on revenue of $63.71 million. 
• GrafTech International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAF#NYSE">EAF</a>) is likely to report quarterly loss at $0.13 per share on revenue of $122.33 million. 
• Avantor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVTR#NYSE">AVTR</a>) is projected to report quarterly earnings at $0.23 per share on revenue of $1.61 billion. 
• Oxford Square Cap (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OXSQ#NASDAQ">OXSQ</a>) is expected to report quarterly earnings at $0.08 per share on revenue of $9.90 million. 
• Lazard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAZ#NYSE">LAZ</a>) is expected to report quarterly earnings at $0.36 per share on revenue of $654.15 million. 
• Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) is estimated to report quarterly earnings at $2.33 per share on revenue of $70.51 million. 
• Rithm Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RITM#NYSE">RITM</a>) is likely to report quarterly earnings at $0.47 per share on revenue of $1.27 billion. 
• Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) is projected to report quarterly earnings at $1.61 per share on revenue of $319.36 million. 
<h3>Companies Reporting After The Bell</h3>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For April 25, 2025

Lakeland Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKFN#NASDAQ">LKFN</a>) is set to give its latest quarterly earnings report on Friday, 2025-04-25. Here's what investors need to know before the announcement.
Analysts estimate that Lakeland Financial will report an earnings per share (EPS) of $0.89. 
Investors in Lakeland Financial are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Historical Earnings Performance</h3>
During the last quarter, the company reported an EPS beat by $0.04, leading to a 0.0% drop in the share price on the subsequent day.
Here's a look at Lakeland Financial's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.90</td>
<td>0.88</td>
<td>0.85</td>
<td>0.86</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.94</td>
<td>0.91</td>
<td>0.74</td>
<td>0.88</td>
</tr>
<tr>
<td>Price Change %</td>
<td>3.0%</td>
<td>-4.0%</td>
<td>1.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2025/1745506943_0.png" alt="eps graph" />
<h3>Lakeland Financial Share Price Analysis</h3>
Shares of Lakeland Financial were trading at $54.49 as of April 23. Over the last 52-week period, shares are down 10.15%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<a href="https://www.benzinga.com/quote/LKFN/earnings">To track all earnings releases for Lakeland Financial visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse of Lakeland Financial's Earnings Potential

Keefe, Bruyette &amp; Woods analyst Damon Delmonte reiterates Lakeland Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKFN#NASDAQ">LKFN</a>) with a Market Perform and raises the price target from $73 to $74.

Reiteration

Keefe, Bruyette & Woods Reiterates Market Perform on Lakeland Financial, Raises Price Target to $74

Lakeland Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKFN#NASDAQ">LKFN</a>) reported quarterly earnings of $0.94 per share which beat the analyst consensus estimate of $0.90 by 4.44 percent. This is a 4.08 percent decrease over earnings of $0.98 per share from the same period last year. The company reported quarterly sales of $63.57 million which beat the analyst consensus estimate of $63.09 million by 0.76 percent. This is a 3.40 percent decrease over sales of $65.81 million the same period last year.

Earnings Beats

Lakeland Financial Q4 2024 Adj EPS $0.94 Beats $0.90 Estimate, Sales $63.57M Beat $63.09M Estimate

<h3>Companies Reporting Before The Bell</h3>
• Bright Scholar Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEDU#NYSE">BEDU</a>) is expected to report earnings for its first quarter. 
• Moog Inc. Class A Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOG#NYSE">MOG</a>) is expected to report quarterly earnings at $1.70 per share on revenue of $873.04 million. 
• Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) is projected to report quarterly earnings at $1.10 per share on revenue of $33.73 billion. 
• South Plains Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPFI#NASDAQ">SPFI</a>) is projected to report quarterly earnings at $0.68 per share on revenue of $49.16 million. 
• First Citizens BancShares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>) is estimated to report quarterly earnings at $39.14 per share on revenue of $2.21 billion. 
• Lakeland Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKFN#NASDAQ">LKFN</a>) is estimated to report quarterly earnings at $0.90 per share on revenue of $63.09 million. 
• Northwest Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWBI#NASDAQ">NWBI</a>) is expected to report quarterly earnings at $0.25 per share on revenue of $141.53 million. 
• NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) is projected to report quarterly earnings at $0.53 per share on revenue of $7.98 billion. 
• HCA Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>) is likely to report quarterly earnings at $6.16 per share on revenue of $18.23 billion. 
• Telefonaktiebolaget L M (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) is expected to report quarterly earnings at $0.18 per share on revenue of $7.01 billion. 
• American Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) is expected to report quarterly earnings at $2.98 per share on revenue of $17.14 billion. 
<h3>Companies Reporting After The Bell</h3>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For January 24, 2025

Dividends

Lakeland Financial Corporation Announced A Quarterly Cash Dividend For The First Quarter of 2025 Of $0.50 Per Share, Payable February 5, 2025, To Shareholders Of Record As Of January 25, 2025. The Quarterly Dividend Represents A 4% Increase Over The Quarterly Dividend Rate Of $0.48 Per Share Paid In 2024.

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Shares of banking-related companies are trading higher after Donald Trump won the US presidential election.

Lakeland Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKFN#NASDAQ">LKFN</a>) reported quarterly earnings of $0.91 per share which beat the analyst consensus estimate of $0.88 by 3.41 percent. This is a 7.14 percent decrease over earnings of $0.98 per share from the same period last year. The company reported quarterly sales of $61.19 million which missed the analyst consensus estimate of $61.34 million by 0.24 percent. This is a 3.31 percent increase over sales of $59.23 million the same period last year.

Earnings Misses

Lakeland Financial Q3 Adj $0.91 Beats $0.88 Estimate, Sales $61.19M Miss $61.34M Estimate

Lakeland Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKFN#NASDAQ">LKFN</a>) will release its quarterly earnings report on Friday, 2024-10-25. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Lakeland Financial to report an earnings per share (EPS) of $0.88.
Investors in Lakeland Financial are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Earnings History Snapshot</h3>
Last quarter the company missed EPS by $0.11, which was followed by a 0.61% increase in the share price the next day.
Here's a look at Lakeland Financial's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.85</td>
<td>0.86</td>
<td>0.89</td>
<td>0.90</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.74</td>
<td>0.88</td>
<td>0.98</td>
<td>0.98</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>-1.0%</td>
<td>5.0%</td>
<td>2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729782120_0.png" alt="eps graph" />
<h3>Tracking Lakeland Financial's Stock Performance</h3>
Shares of Lakeland Financial were trading at $65.4 as of October 23. Over the last 52-week period, shares are up 33.99%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/LKFN/earnings">To track all earnings releases for Lakeland Financial visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Lakeland Financial's Earnings: A Preview

Lake City Bank Acquires 35,600sqft Office Building; Terms Not Disclosed

Lakeland Financial's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LKFN#NYSE">LKFN</a>) short percent of float has risen 6.75% since its last report. The company recently reported that it has 2.19 million shares sold short, which is 10.44% of all regular shares that are available for trading. Based on its trading volume, it would take traders 14.69 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Lakeland Financial Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724337917_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Lakeland Financial has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Lakeland Financial's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Lakeland Financial's peer group average for short interest as a percentage of float is 4.23%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Lakeland Financial's Recent Short Interest

Keefe, Bruyette &amp; Woods analyst Damon Delmonte maintains Lakeland Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKFN#NASDAQ">LKFN</a>) with a Market Perform and raises the price target from $64 to $65.

Keefe, Bruyette & Woods Maintains Market Perform on Lakeland Financial, Raises Price Target to $65

Lakeland Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKFN#NASDAQ">LKFN</a>) reported quarterly earnings of $0.74 per share which missed the analyst consensus estimate of $0.85 by 12.94 percent. The company reported quarterly sales of $68.735 million which beat the analyst consensus estimate of $60.704 million by 13.23 percent. This is a 14.51 percent increase over sales of $60.025 million the same period last year.

Lakeland Financial Q2 2024 Adj EPS $0.74 Misses $0.85 Estimate, Sales $68.735M Beat $60.704M Estimate

Huntington Bancshares (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hban#NASDAQ">HBAN</a>) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 7.14%. A quarter ago, it was expected that this regional bank holding company would post earnings of $0.25 per share when it actually produced earnings of $0.28, delivering a surprise of 12%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Huntington Bancshares, which belongs to the Zacks Banks - Midwest industry, posted revenues of $1.82 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.13%. This compares to year-ago revenues of $1.85 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Huntington Bancshares shares have added about 12.4% since the beginning of the year versus the S&amp;P 500&#39;s gain of 16.2%.
What&#39;s Next for Huntington Bancshares?
While Huntington Bancshares has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Huntington Bancshares: unfavorable. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.30 on $1.86 billion in revenues for the coming quarter and $1.17 on $7.35 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Midwest is currently in the top 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Lakeland Financial (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lkfn#NASDAQ">LKFN</a>), has yet to report results for the quarter ended June 2024. The results are expected to be released on July 25.
This holding company for Lake City Bank is expected to post quarterly earnings of $0.85 per share in its upcoming report, which represents a year-over-year change of +49.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Lakeland Financial&#39;s revenues are expected to be $59.2 million, down 1.4% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2305004/huntington-bancshares-hban-q2-earnings-and-revenues-beat-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2305004">To read this article on Zacks.com click here.</a>

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HBAN

Huntington Bancshares Q2 Earnings and Revenues Beat Estimates

Lakeland Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKFN#NASDAQ">LKFN</a>) reported quarterly earnings of $0.88 per share which beat the analyst consensus estimate of $0.86 by 2.33 percent. This is a 6.38 percent decrease over earnings of $0.94 per share from the same period last year. The company reported quarterly sales of $60.028 million which missed the analyst consensus estimate of $60.160 million by 0.22 percent. This is a 2.92 percent decrease over sales of $61.833 million the same period last year.

Lakeland Financial Q1 2024 Adj EPS $0.88 Beats $0.86 Estimate, Sales $60.028M Miss $60.160M Estimate

By the close of today, February 05, 2024, Lakeland Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKFN#NASDAQ">LKFN</a>) will issue a dividend payout of $0.48 per share, resulting in an annualized dividend yield of 3.02%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on January 24, 2024.
<h3>Lakeland Financial Recent Dividend Payouts</h3>
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<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-01-24</td>
<td style="text-align: right;">4</td>
<td>$0.48</td>
<td>3.02%</td>
<td>2024-01-09</td>
<td>2024-01-25</td>
<td>2024-02-05</td>
</tr>
<tr>
<td>2023-10-24</td>
<td style="text-align: right;">4</td>
<td>$0.46</td>
<td>3.85%</td>
<td>2023-10-10</td>
<td>2023-10-25</td>
<td>2023-11-06</td>
</tr>
<tr>
<td>2023-07-24</td>
<td style="text-align: right;">4</td>
<td>$0.46</td>
<td>3.85%</td>
<td>2023-07-11</td>
<td>2023-07-25</td>
<td>2023-08-07</td>
</tr>
<tr>
<td>2023-04-24</td>
<td style="text-align: right;">4</td>
<td>$0.46</td>
<td>3.06%</td>
<td>2023-04-11</td>
<td>2023-04-25</td>
<td>2023-05-05</td>
</tr>
<tr>
<td>2023-01-24</td>
<td style="text-align: right;">4</td>
<td>$0.46</td>
<td>2.56%</td>
<td>2023-01-10</td>
<td>2023-01-25</td>
<td>2023-02-06</td>
</tr>
<tr>
<td>2022-10-24</td>
<td style="text-align: right;">4</td>
<td>$0.4</td>
<td>2.17%</td>
<td>2022-10-11</td>
<td>2022-10-25</td>
<td>2022-11-07</td>
</tr>
<tr>
<td>2022-07-22</td>
<td style="text-align: right;">4</td>
<td>$0.4</td>
<td>2.34%</td>
<td>2022-07-12</td>
<td>2022-07-25</td>
<td>2022-08-05</td>
</tr>
<tr>
<td>2022-04-22</td>
<td style="text-align: right;">4</td>
<td>$0.4</td>
<td>2.18%</td>
<td>2022-04-12</td>
<td>2022-04-25</td>
<td>2022-05-05</td>
</tr>
<tr>
<td>2022-01-24</td>
<td style="text-align: right;">4</td>
<td>$0.4</td>
<td>1.92%</td>
<td>2022-01-11</td>
<td>2022-01-25</td>
<td>2022-02-07</td>
</tr>
<tr>
<td>2021-10-22</td>
<td style="text-align: right;">4</td>
<td>$0.34</td>
<td>1.85%</td>
<td>2021-10-12</td>
<td>2021-10-25</td>
<td>2021-11-05</td>
</tr>
<tr>
<td>2021-07-22</td>
<td style="text-align: right;">4</td>
<td>$0.34</td>
<td>2.23%</td>
<td>2021-07-13</td>
<td>2021-07-25</td>
<td>2021-08-05</td>
</tr>
<tr>
<td>2021-04-22</td>
<td style="text-align: right;">4</td>
<td>$0.34</td>
<td>1.96%</td>
<td>2021-04-13</td>
<td>2021-04-25</td>
<td>2021-05-05</td>
</tr>
</tbody>
</table>
When comparing Lakeland Financial's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Northwest Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWBI#NASDAQ">NWBI</a>) having the highest annualized dividend yield at 6.65%.
<h3>Analyzing Lakeland Financial Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1707145521_0.png" alt="dividend chart graph" />
The company demonstrated a positive dividend growth pattern from 2020 to 2023, with the dividend per share rising from $1.20 to $1.84. This signifies the company's commitment to consistently increasing shareholder dividends.
<h3>YoY Earnings Growth For Lakeland Financial</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1707145521_1.png" alt="earning chart graph" />
Investors can observe a growth in earnings for Lakeland Financial from 2020 to 2023, as earnings per share increased from $3.19 to $3.50. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
<h3>Recap</h3>
In this article, we explore the recent dividend payout of Lakeland Financial and its significance for shareholders. The company has decided to distribute a dividend of $0.48 per share today, which equates to an annualized dividend yield of 3.02%.
When comparing Lakeland Financial's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Northwest Bancshares having the highest annualized dividend yield at 6.65%.
With an increase in dividend per share and earnings per share from 2020 to 2023, Lakeland Financial demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.
Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.
[Monitor live stock price updates for Lakeland Financial on Benzinga.](https://www.benzinga.com/quote/Lakeland Financial (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lkfn#NASDAQ">LKFN</a>))
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Surpassing Expectations: Lakeland Financial Unleashes Growth Potential and Rewards Investors

Press Releases

Lakeland Financial Reports Second Quarter Net Income of $22.5 million, and Reaches $5.0 Billion in Total Loans, Representing 5% Annual Average Loan Growth

Lake City Bank Expands Downtown Campus with Building Acquisition to become the Innovation and Technology Center

Lakeland Financial Reports Third Quarter Net Income of $23.3 Million, Organic Loan Growth of 5% and Organic Deposit Growth of 4%

Management

Lake City Bank Promotes Carrie A. Gutman to Chief Wealth Advisory Officer

Lake City Bank Parent Announces 4% Increase in Quarterly Dividend

Lake City Bank Promotes Stephanie R. Leniski to Executive Vice President

Lakeland Financial Reports Annual Net Income of $93.5 million, Organic Average Loan Growth of 5% and Average Deposit Growth of 4%

Lakeland Financial Reports a 12% Increase in Net Interest Income and Organic Loan Growth of 4%

Dan Starr and Mindy Creighton Truex Appointed to Lakeland Financial Corporation and Lake City Bank Boards of Directors

Comments

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