Lakeland Financial

LKFN · NASDAQ

$58.59+$1.03 (+1.79%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $57.56

LKFN analyst rating

HoldConsensus of 3 analysts over the last 12 months. 33% rate it a buy.

Strong buy0
Buy1
Hold2
Underperform0
Sell0

12-month price target · 6 analysts

Average $67.83 (+15.8% upside)

Low: $66.66
Now: $58.59
High: $70.35

Upgrades and downgrades

The latest rating actions, newest first

LKFN analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Hovde Group	Jan 7, 2026	Downgrade	Outperform → Market Perform	—	58%
Raymond James	Oct 28, 2025	Maintains	Outperform	$74.00 → $68.00	59%
Keefe, Bruyette & Woods	Oct 28, 2025	Maintains	Market Perform	$68.00 → $66.00	64%

The case for and against

Updated Jan 12, 2026

Bull case

Lakeland Financial Corp demonstrated robust financial performance, with a 15% quarter-over-quarter increase in pre-provision net revenue (PPNR) to $37.0 million, exceeding estimates primarily due to reduced expenses and enhanced spread and fee income. Additionally, the company's net interest margin saw a consistent rise for the third consecutive quarter, increasing by 2 basis points to 3.42%, with expectations of continued modest expansion driven by asset rotation and fixed loan repricing. Furthermore, improved market performance of the bank's policies contributed positively to bank-owned life insurance income, reinforcing the overall financial stability and growth potential of the organization.

Bear case

Lakeland Financial Corp's expenses were lower than forecast due to decreases in salaries, occupancy, professional fees, and other non-interest expenses, amounting to $30.4 million compared to $33.1 million anticipated. However, the company's profitability was negatively impacted by non-performing assets from a Northern Indiana industrial client, which hindered recovery efforts following a previous earnings dip. Additionally, a provision of $3 million, albeit slightly below expectations, combined with a declining loan loss reserve to 1.27%, raises concerns about the bank's future profitability and asset quality.

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