The current PE ratio for Lakeland Financial stock as of Apr 26, 2024 is 16.29. This is calculated based on the current EPS of $3.67 and the stock price of $59.77 per share. The PE ratio has grown by 9% from the past four quarters average of 14.9.
The average historical PE ratio of Lakeland Financial for the last ten years is 16.66. The current P/E ratio of 16.29 is 2.2% lower 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 5-year historical average, but it is lower than the 3 and 10-year 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 10.69.
| Stock name | PE ratio | Market cap |
|---|---|---|
| THFF First Financial Corp | 7.29 | $437.59M |
| ONB Old National Bancorp | 8.59 | $4.9B |
| FRME First Merchants Corp | 9.22 | $2.05B |
| SRCE 1St Source Corp | 10.24 | $1.25B |
| GABC German American Bancorp Inc | 11.15 | $960.32M |
| LKFN Lakeland Financial Corp | 16.22 | $1.52B |
| HBNC Horizon Bancorp Inc | 18.3 | $516.54M |
The price to earnings ratio for LKFN stock as of Apr 26, 2024, stands at 16.29.
Over the last 3 years, the average price to earnings ratio for LKFN stock is 17.2.
Over the last 5 years, the average price to earnings ratio for LKFN stock is 16.07.
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 2.2% lower 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 (Apr 26, 2024), Lakeland Financial's stock price is $59.77. 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 16.29. PE RATIO(16.29) = STOCK PRICE($59.77) / TTM EPS($3.67)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.