LKFN Lakeland Financial PE ratio, current and historical analysis
The current PE ratio for Lakeland Financial stock as of Oct 29, 2024 is 16.75. This is calculated based on the current EPS of $3.94 and the stock price of $65.99 per share. The PE ratio has grown by 3% from the past four quarters average of 16.3.
LKFN PE ratio history
The average historical PE ratio of Lakeland Financial for the last ten years is 16.78. The current P/E ratio of 16.75 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.
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
The current PE ratio of LKFN is higher than its 5-year historical average, but it is lower than the 3 and 10-year averages.
LKFN PE vs peers
In comparison to its peer HBNC, LKFN's PE ratio is lower, but it is higher than ONB's and FRME's. Lakeland Financial's PE ratio is trading above the peer group average of 11.8.
| Stock name | PE ratio | Market cap |
|---|---|---|
| THFF First Financial Corp | 10.1 | $515.45M |
| ONB Old National Bancorp | 11.36 | $6.19B |
| SRCE 1St Source Corp | 11.64 | $1.5B |
| FRME First Merchants Corp | 12.11 | $2.22B |
| GABC German American Bancorp Inc | 14.93 | $1.23B |
| LKFN Lakeland Financial Corp | 17.14 | $1.72B |
| HBNC Horizon Bancorp Inc | 38.07 | $715.57M |
Frequently asked questions
What is Lakeland Financial's PE ratio?
The price to earnings ratio for LKFN stock as of Oct 29, 2024, stands at 16.75.
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 17.06.
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 16.44.
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 0.2% lower 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 (Oct 29, 2024), Lakeland Financial's stock price is $65.99. The earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $3.94. Therefore, Lakeland Financial's PE ratio for today is 16.75. PE RATIO(16.75) = STOCK PRICE($65.99) / TTM EPS($3.94)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.