AlphaMadera's AlphaVal page classifies Lakeland Financial Corporation as a Banks, Insurers & Asset Managers business and values it using P/Tangible Book × ROE Quality, then compares the result to the current market price to flag LKFN as undervalued, fairly valued, or overvalued.

What is Lakeland Financial Corporation's fair value?

Fair value for LKFN comes from a P/Tangible Book × ROE Quality model -- the approach AlphaVal selected for this company's Banks, Insurers & Asset Managers classification. The live AlphaVal page shows bear, base, and bull scenarios alongside the key assumption behind each.

How does AlphaMadera value LKFN?

AlphaVal routes each company to one of ten valuation archetypes based on its business model. LKFN was classified as Banks, Insurers & Asset Managers and is valued using P/Tangible Book × ROE Quality, built from LKFN's most recent reported fundamentals.

LKFN - Lakeland Financial Corporation

Price: -- -- | CONSENSUS: Hold DETAILS | PRICE TARGET: $68.67 DETAILS

AlphaVal

Deterministic, archetype-aware fair value

Banks, Insurers & Asset Managers 85% confidence

Primary model: P/Tangible Book × ROE Quality

Valuation Signal Fair Value Mild

Trading 14.6% below fair value

Current Price $59.98

Bear Case $45.37 24.4% downside ($45.37 - $59.98) / $59.98 = -24.4% ROTCE 10.2% → 1.49x TBV

Fair Value $70.20 17.0% upside ($70.20 - $59.98) / $59.98 = 17.0% ROTCE 13.6% → 2.31x TBV

Bull Case $85.10 41.9% upside ($85.10 - $59.98) / $59.98 = 41.9% ROTCE 15.7% → 2.80x TBV

Adjust Assumptions

Return on Tangible Equity

13.6%

Cost of Equity

8.2%

Key Value Driver

ROTCE (13.6%) vs. cost of equity (8.2%)

Terminal Value % of EV

Implied Market Multiple 1.97x

Market is pricing in (growth)

Plain-Language Summary

With ROTCE of 13.6% vs. 8.2% cost of equity, fair P/TBV is 2.31x on $30.40 tangible book, implying $70.20 per share. DDM cross-check: $99.86.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (10 analysts) $68.67

Analyst Range $66.00 – $72.00

Divergence from AlphaVal 2%

Warnings

⚠ Traditional cash flow models don't work well for banks — lending activity distorts how much cash the business actually generates.

⚠ Common valuation shortcuts don't apply here — for banks, interest payments are a core business cost, not overhead.

ℹ Dividend-based valuation: $99.86 (42% above our primary estimate). Large gaps suggest the dividend may not fully reflect the company's value.

Key Risks

Book value quality matters as much as level — check loan loss reserves
Interest rate sensitivity creates non-linear earnings surprises
Insurance reserving is actuarial, not financial — errors emerge slowly