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How to Buy Lakeland Financial Stock

Lakeland Financial Corp

Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services.

Lakeland Financial stock last closed at $62.81, down 0.51% from the previous day, and has increased 45.66% in one year. It has overperformed other stocks in the Banks - Regional industry by 0.16 percentage points. Lakeland Financial stock is currently +41.26% from its 52-week low of $44.47, and -14.22% from its 52-week high of $73.22.

At the moment, there are 25.5M LKFN shares outstanding. The market cap of LKFN is $1.60B. In the past 24 hours, 53,655 LKFN shares were traded.

How to Buy Lakeland Financial Stock

Wondering how to invest in Lakeland Financial stock? Here's how.
  1. Choose where to buy Lakeland Financial stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you determine where to buy Lakeland Financial stock.
  2. Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Deposit funds into your brokerage account: Choose your method of payment and add your info.
  4. Evaluate Lakeland Financial stock: The Lakeland Financial ticker symbol is LKFN. Is Lakeland Financial stock a good investment? Should you buy shares of LKFN? How do LKFN's underlying business fundamentals look? Do top analysts think Lakeland Financial is a good buy? Why has LKFN's stock price moved recently? (Hint: Our stock research tools can help you figure out if LKFN is a good stock to buy).
  5. Make your LKFN trade: Decide if you will purchase LKFN shares at the current market price or use a limit order to purchase LKFN shares at a particular price.
  6. Get key alerts regarding your investment in LKFN: Create a watchlist to key updates about your new investment in Lakeland Financial stock.

Step 1: Choose where to buy Lakeland Financial stock

You need an online brokerage account to access the NASDAQ market and buy LKFN shares.

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Step 2: Create a brokerage account

Now that you've selected the best brokerage, you need to fill out some personal information so you are able to invest in LKFN today.

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Step 3: Deposit funds into your brokerage account

Now that you have created your account on app for stock market, you can securely and quickly fund your account:

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Step 4: Evaluate Lakeland Financial stock

Once you have selected the best place to buy Lakeland Financial stock, it's crucial to evaluate their stock before you buy, so you can understand the risk as well as the upside.

Lakeland Financial Numbers

LKFN Price
$62.81
1w %
0.46%
1y %
45.66%
5y %
33.55%
P/E
17.3x
P/B
2.48x
P/S
6.66x
PEG
12.74x
Revenue
$242.07M
Earnings
$92.89M
Fore. Rev. Growth
-0.07%
Fore. Earn. Growth
N/A
Market Cap
$1.60B
Next Earnings
N/A
Next Dividend
N/A

Lakeland Financial Zen Score

WallStreetZen was built to help part-time investors do better fundamental analysis in less time.

You can see all of the due diligence checks on LKFN's stock page.

What is the fair value of LKFN stock?

You can use many financial metrics, analyses, models, and charts to gauge LKFN's intrinsic value.

Using relative valuations metrics:

  • LKFN could be undervalued based on its P/E ratio of 17.3x, relative to Banks - Regional industry P/E ratio of -6.82x
  • LKFN could be overvalued based on its P/B ratio of 2.48x, relative to Banks - Regional industry P/B ratio of 1.05x
  • LKFN could be overvalued based on its PEG ratio of 12.74x

You can access more valuation analysis on LKFN's stock here.

LKFN Financials at a glance

Passed Financial Due Diligence Checks:

  • LKFN's operating cash flow of $111.33M allows it to safely service it's debt of $200.00M.
  • LKFN earnings of $110.09M is not sufficient to cover its interest payments.

Failed Financial Due Diligence Checks:

  • LKFN profit margin has gone down from 43.9% to 38.4% in the past year.
  • LKFN has a relatively high debt to equity ratio of 9.15.
  • Total LKFN debt is higher than 5 years ago, relative to shareholder equity.

Is Lakeland Financial stock a Buy, Hold, or Sell, according to analysts?

Out of 2 Wall Street analysts who give forecasts on LKFN, the consensus analyst rating on Lakeland Financial is a Buy

Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.

You can dig deeper into what analysts are forecasting on the Lakeland Financial stock forecast page.

LKFN Technical Indicators

SMA10
62.08
SMA20
61.46
SMA50
62.07
SMA100
63.49
SMA200
58.24
MACD
0.3
MACD Signal
-0.01
MACD Histogram
0.31
RSI
56.08
Stochastic %K
91.22
Stochastic %D
86.2
StochRSI %K
95.8
StochRSI %D
90.65

LKFN Performance Metrics

Last year, LKFN earnings were $92.89M. In the past five year, LKFN's earnings have grown by 1.86% per year. This was slower than the Banks - Regional industry average of 13.89%.

Last year, LKFN revenue was $242.07M. In the last 5 year, LKFN's revenue has grown by 4.86% per year. This was slower than the Banks - Regional industry average of 10.86%.

Find out more about LKFN's earnings and revenue performance here.

What are LKFN insiders up to?

Over the past 12 months, insiders at LKFN have sold more shares than they have bought.

Kristin Pruitt, President of LKFN, was the latest LKFN insider to sell. They sold $55,205.16 worth of LKFN shares on May 9, 2024.

Research more about who owns LKFN stock here.

Can I get consistent income from LKFN stock?

Lakeland Financial pays a dividend of 2.99%, compared to the Banks - Regional industry's average dividend yield of 3.62%. If you owned $1,000 of LKFN stock, you would have received $29.93 last year.

Lakeland Financial dividend payments have consistently grown over the past decade but have not remained stable.

Find more info about Lakeland Financial dividend yield and history here.

What do other traders have to say about LKFN?

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Step 5: Make your LKFN trade

You have two primary types of orders:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are generally sufficient.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at a given dollar amount limit, use a limit order.

Press the Open Trade button and your broker will execute the order.

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Step 6: Get key alerts regarding your investment in LKFN

Now that you own some shares in LKFN, you'll want to keep up with your stock purchase.

Make a watchlist to track the most important metrics related to your LKFN stock.

LKFN Feed

How to Buy Stock in Lakeland Financial

To reiterate, here are the 6 steps for buying Lakeland Financial stock:

  1. Choose where to buy Lakeland Financial stock
  2. Create a brokerage account
  3. Deposit funds into your brokerage account
  4. Evaluate Lakeland Financial stock
  5. Make your LKFN trade
  6. Get key alerts regarding your investment in LKFN

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep track of your investment in Lakeland Financial, add LKFN to your watchlist below.

NASDAQ: LKFN
$62.81-0.32 (-0.51%)
Updated May 16, 2024
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NASDAQ: LKFN
$62.81-0.32 (-0.51%)
Updated May 16, 2024
Open eToro Account

FAQ

How much does it cost to buy one Lakeland Financial share?

As of May 16, 2024, it costs $62.81 to buy one share of Lakeland Financial stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.159 shares of LKFN.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Lakeland Financial stock?

According to 2 Wall Street analysts who monitor Lakeland Financial, their consensus recommendation is to buy Lakeland Financial stock.

What is the best way to buy Lakeland Financial stock?

One way to place an order for Lakeland Financial stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.