NASDAQ:LKFN

Lakeland Financial Stock Forecast, Price & News

$39.83

+0.17 (+0.43 %)

(As of 09/24/2020 12:00 AM ET)

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Today's Range

$39.48

Now: $39.83▼

$40.68

50-Day Range

$40.74

MA: $46.42▼

$50.22

52-Week Range

$30.49

Now: $39.83▼

$53.00

Volume103,672 shs

Average Volume127,557 shs

Market Capitalization$1.02 billion

P/E Ratio12.73

Dividend Yield3.03%

Beta0.99

Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services. The company accepts various deposit products, such as noninterest bearing, interest-bearing checking, savings, money market, NOW, and demand deposits. Its loan products include commercial and industrial, commercial real estate and multi-family residential, agri-business and agricultural, consumer 1-4 family mortgage, and other consumer loans. The company also offers retail and merchant credit card services; corporate treasury management, wealth advisory, and trust services; retail brokerage services, including various financial and investment products, such as annuities and life insurance; and Internet business banking and online treasury management services. It serves commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and health care industries. As of January 25, 2019, the company operated 50 offices in Northern and Central Indiana. Lakeland Financial Corporation was founded in 1872 and is headquartered in Warsaw, Indiana.

Beat the Market (BTM) Rank^™

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for Lakeland Financial.

2.1 Community Rank

Outperform Votes
Lakeland Financial has received 351 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Lakeland Financial has received 496 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Lakeland Financial has received 58.56% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Lakeland Financial and other stocks. Vote “Outperform” if you believe LKFN will outperform the S&P 500 over the long term. Vote “Underperform” if you believe LKFN will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Yield
Lakeland Financial pays a meaningful dividend of 3.03%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Lakeland Financial has been increasing its dividend for 6 years.
Dividend Coverage
The dividend payout ratio of Lakeland Financial is 35.50%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Lakeland Financial will have a dividend payout ratio of 48.78% next year. This indicates that Lakeland Financial will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Lakeland Financial insiders have sold 1,257.43% more of their company's stock than they have bought. Specifically, they have bought $10,229.00 in company stock and sold $138,852.00 in company stock.
Percentage Held by Insiders
Only 4.80% of the stock of Lakeland Financial is held by insiders.
Percentage Held by Institutions
77.02% of the stock of Lakeland Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Lakeland Financial are expected to decrease by -18.27% in the coming year, from $3.01 to $2.46 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Lakeland Financial is 12.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.10.
Price to Earnings Ratio vs. Sector
The P/E ratio of Lakeland Financial is 12.73, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 16.50.
Price to Book Value per Share Ratio
Lakeland Financial has a P/B Ratio of 1.71. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.54 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:LKFN

Previous Symbol

CUSIP51165610

CIK721994

Webwww.lakecitybank.com

Phone574-267-6144

Debt

Debt-to-Equity Ratio0.14

Current Ratio0.98

Quick Ratio0.98

Price-To-Earnings

Trailing P/E Ratio12.73

Forward P/E Ratio13.23

P/E GrowthN/A

Sales & Book Value

Annual Sales$260.21 million

Price / Sales3.94

Cash Flow$3.37 per share

Price / Cash Flow11.81

Book Value$23.34 per share

Price / Book1.71

Profitability

EPS (Most Recent Fiscal Year)$3.38

Net Income$87.05 million

Net Margins32.49%

Return on Equity13.38%

Return on Assets1.58%

Miscellaneous

Employees556

Outstanding Shares25,709,000

Market Cap$1.02 billion

Next Earnings Date10/23/2020 (Estimated)

OptionableOptionable

$39.83

+0.17 (+0.43 %)

(As of 09/24/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Lakeland Financial (NASDAQ:LKFN) Frequently Asked Questions

How has Lakeland Financial's stock been impacted by Coronavirus?

Lakeland Financial's stock was trading at $35.14 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, LKFN stock has increased by 13.3% and is now trading at $39.83.
View which stocks have been most impacted by COVID-19.

When is Lakeland Financial's next earnings date?

Lakeland Financial is scheduled to release its next quarterly earnings announcement on Friday, October 23rd 2020.
View our earnings forecast for Lakeland Financial.

How were Lakeland Financial's earnings last quarter?

Lakeland Financial Co. (NASDAQ:LKFN) released its quarterly earnings results on Monday, July, 27th. The financial services provider reported $0.77 EPS for the quarter, topping the Zacks' consensus estimate of $0.54 by $0.23. The financial services provider earned $50.70 million during the quarter, compared to analysts' expectations of $48.55 million. Lakeland Financial had a net margin of 32.49% and a return on equity of 13.38%.
View Lakeland Financial's earnings history.

How often does Lakeland Financial pay dividends? What is the dividend yield for Lakeland Financial?

Lakeland Financial declared a quarterly dividend on Thursday, July 16th. Investors of record on Saturday, July 25th will be given a dividend of $0.30 per share on Wednesday, August 5th. This represents a $1.20 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Thursday, July 23rd.
View Lakeland Financial's dividend history.

Who are some of Lakeland Financial's key competitors?

Some companies that are related to Lakeland Financial include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), SVB Financial Group (SIVB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), Signature Bank (SBNY), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR).
View all competitors.

What other stocks do shareholders of Lakeland Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Lakeland Financial investors own include Franklin Resources (BEN), Dominion Energy (D), Huntington Bancshares (HBAN), Intel (INTC), KeyCorp (KEY), Kohl's (KSS), Pfizer (PFE), Philip Morris International (PM), Exxon Mobil (XOM) and AbbVie (ABBV).

Who are Lakeland Financial's key executives?

Lakeland Financial's management team includes the following people:

Mr. David M. Findlay, Pres, CEO & Director (Age 57)
Ms. Lisa M. O'Neill, Exec. VP & CFO (Age 51)
Ms. Kristin L. Pruitt, Exec. VP, Chief Admin. Officer, Gen. Counsel & Corp. Sec. (Age 47)
Mr. Kevin L. Deardorff, Exec. VP & Head of Retail Banking (Age 57)
Mr. Eric H. Ottinger, Exec. VP & Head of Commercial Banking (Age 49)

What is Lakeland Financial's stock symbol?

Lakeland Financial trades on the NASDAQ under the ticker symbol "LKFN."

Who are Lakeland Financial's major shareholders?

Lakeland Financial's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (5.02%), Victory Capital Management Inc. (4.90%), Goldman Sachs Group Inc. (4.31%), Silvercrest Asset Management Group LLC (4.10%), Neuberger Berman Group LLC (3.80%) and Boston Trust Walden Corp (1.65%). Company insiders that own Lakeland Financial stock include Batty Jill A De, Brian J Smith, Daniel F Evans, Emily E Pichon, Eric H Ottinger, James Rickard Donovan, Jonathan P Steiner, Kevin L Deardorff, Kristin Pruitt, Lisa M O'neill, M Scott Welch, Michael E Gavin, Michael L Kubacki, Robert E Bartels Jr, Stephanie R Leniski, Steven D Ross and Thomas Hiatt.
View institutional ownership trends for Lakeland Financial.

Which major investors are selling Lakeland Financial stock?

LKFN stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Stieven Capital Advisors L.P., Clean Yield Group, Neuberger Berman Group LLC, Ziegler Capital Management LLC, Russell Investments Group Ltd., Copeland Capital Management LLC, and Bridge City Capital LLC. Company insiders that have sold Lakeland Financial company stock in the last year include Batty Jill A De, Eric H Ottinger, Jonathan P Steiner, Kristin Pruitt, Lisa M O'neill, Michael E Gavin, Stephanie R Leniski, and Steven D Ross.
View insider buying and selling activity for Lakeland Financial.

Which major investors are buying Lakeland Financial stock?

LKFN stock was acquired by a variety of institutional investors in the last quarter, including Silvercrest Asset Management Group LLC, Charles Schwab Investment Management Inc., Macquarie Group Ltd., Boston Trust Walden Corp, Raymond James Financial Services Advisors Inc., Vanguard Group Inc., Handelsbanken Fonder AB, and Denali Advisors LLC. Company insiders that have bought Lakeland Financial stock in the last two years include Brian J Smith, Daniel F Evans, James Rickard Donovan, Kevin L Deardorff, Lisa M O'neill, M Scott Welch, Robert E Bartels Jr, and Thomas Hiatt.
View insider buying and selling activity for Lakeland Financial.

How do I buy shares of Lakeland Financial?

Shares of LKFN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Lakeland Financial's stock price today?

One share of LKFN stock can currently be purchased for approximately $39.83.

How big of a company is Lakeland Financial?

Lakeland Financial has a market capitalization of $1.02 billion and generates $260.21 million in revenue each year. The financial services provider earns $87.05 million in net income (profit) each year or $3.38 on an earnings per share basis. Lakeland Financial employs 556 workers across the globe.

What is Lakeland Financial's official website?

The official website for Lakeland Financial is www.lakecitybank.com.

How can I contact Lakeland Financial?

Lakeland Financial's mailing address is 202 E CENTER ST, WARSAW IN, 46580. The financial services provider can be reached via phone at 574-267-6144 or via email at [email protected]

This page was last updated on 9/24/2020 by MarketBeat.com Staff

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