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LKFN Lakeland Financial PE ratio, current and historical analysis

The current PE ratio for Lakeland Financial stock as of Feb 28, 2024 is 16.92. This is calculated based on the current EPS of $3.67 and the stock price of $62.09 per share. The PE ratio has grown by 13% from the past four quarters average of 14.9.

LKFN PE ratio history

How has LKFN's PE ratio performed in the past

The average historical PE ratio of Lakeland Financial for the last ten years is 16.67. The current P/E ratio of 16.92 is similar to the historical average. In the past ten years, LKFN's PE ratio peaked in the Dec 2016 quarter at 22.77, when the stock price was $47.36 and the EPS was $2.08. The lowest point was in the Mar 2020 quarter, when it reached 11.38 with a price of $36.75 and an EPS of $3.23.

Average
16.67
Median
16.56
Minimum
11.38
Maximum
22.77

Lakeland Financial PE ratio by year

Maximum annual increase: 36.27% in 2016

Maximum annual decrease: -40.62% in 2018

Year PE ratio Change
2023 17.75 -1%
2022 17.93 -15.86%
2021 21.31 31.62%
2020 16.19 12.51%
2019 14.39 13.94%
2018 12.63 -40.62%
2017 21.27 -6.59%
2016 22.77 36.27%
2015 16.71 2.08%
2014 16.37 -1.15%

LKFN average PE ratio chart

What is the average PE ratio of LKFN for the past years

The current PE ratio of LKFN is higher than its 5 and 10-year historical averages, but it is lower than the 3-year average.

3-year avg
17.4
5-year avg
15.95
10-year avg
16.67
15-year avg
15.78

LKFN PE vs peers

What is LKFN's PE ratio compared to its peers

In comparison to its peer stocks ONB and FRME, LKFN's PE ratio is higher. Lakeland Financial's PE ratio is trading above the peer group average of 8.39.

Stock name PE ratio Market cap
THFF First Financial Corp 6.89 $437.56M
HBNC Horizon Bancorp Inc 7.07 $530.25M
FRME First Merchants Corp 7.81 $1.98B
ONB Old National Bancorp 8.42 $4.81B
SRCE 1St Source Corp 9.89 $1.22B
GABC German American Bancorp Inc 10.81 $930.73M
LKFN Lakeland Financial Corp 17.37 $1.63B

Frequently asked questions

What is Lakeland Financial's PE ratio?

The price to earnings ratio for LKFN stock as of Feb 28, 2024, stands at 16.92.

What is the 3-year average PE ratio for Lakeland Financial (LKFN)?

Over the last 3 years, the average price to earnings ratio for LKFN stock is 17.4.

What is the 5-year average PE ratio for Lakeland Financial (LKFN)?

Over the last 5 years, the average price to earnings ratio for LKFN stock is 15.95.

What is the highest PE ratio for LKFN?

The highest quarterly PE ratio in the last ten years has been 22.77 and it was in the Dec 2016 quarter.

How does the current PE ratio for LKFN compare to its historical average?

The current price to earnings ratio of LKFN is 1.5% higher than the 10-year historical average.

How is LKFN's PE ratio calculated (Lakeland Financial PE ratio formula)?

To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Feb 28, 2024), Lakeland Financial's stock price is $62.09. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $3.67. Therefore, Lakeland Financial's PE ratio for today is 16.92. PE RATIO(16.92) = STOCK PRICE($62.09) / TTM EPS($3.67)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.