The current PE ratio for Lakeland Financial stock as of Jul 25, 2024 is 19.49. This is calculated based on the current EPS of $3.63 and the stock price of $70.75 per share. The PE ratio has grown by 24% from the past four quarters average of 15.7.
The average historical PE ratio of Lakeland Financial for the last ten years is 16.74. The current P/E ratio of 19.49 is 16% higher than 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.
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% |
The current PE ratio of LKFN is higher than its 3, 5 and 10-year historical averages.
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 14.91.
| Stock name | PE ratio | Market cap |
|---|---|---|
| THFF First Financial Corp | 9.86 | $546.52M |
| ONB Old National Bancorp | 10.87 | $6.45B |
| FRME First Merchants Corp | 11.9 | $2.42B |
| SRCE 1St Source Corp | 13.11 | $1.6B |
| GABC German American Bancorp Inc | 14.69 | $1.24B |
| LKFN Lakeland Financial Corp | 19.6 | $1.81B |
| HBNC Horizon Bancorp Inc | 30.37 | $723.5M |
The price to earnings ratio for LKFN stock as of Jul 25, 2024, stands at 19.49.
Over the last 3 years, the average price to earnings ratio for LKFN stock is 17.36.
Over the last 5 years, the average price to earnings ratio for LKFN stock is 16.3.
The highest quarterly PE ratio in the last ten years has been 22.77 and it was in the Dec 2016 quarter.
The current price to earnings ratio of LKFN is 16% higher than the 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jul 25, 2024), Lakeland Financial's stock price is $70.75. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $3.63. Therefore, Lakeland Financial's PE ratio for today is 19.49. PE RATIO(19.49) = STOCK PRICE($70.75) / TTM EPS($3.63)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.