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 of this dividend is Wednesday, January 24th.

Lakeland Financial (NASDAQ:LKFN) opened at $50.69 on Friday. The company has a market capitalization of $1,295.77, a price-to-earnings ratio of 21.85, a P/E/G ratio of 1.81 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.95 and a current ratio of 0.95. Lakeland Financial has a 52 week low of $39.68 and a 52 week high of $52.43.

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

LKFN has been the subject of a number of analyst reports. Zacks Investment Research lowered Lakeland Financial from a “buy” rating to a “hold” rating in a research report on Saturday, September 23rd. ValuEngine lowered Lakeland Financial from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub lowered Lakeland Financial from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $50.00 price target on shares of Lakeland Financial in a research report on Friday, December 22nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Lakeland Financial currently has an average rating of “Buy” and an average price target of $52.00.

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About Lakeland Financial

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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