NASDAQ:LKFN - Lakeland Financial Stock Price, News, & Analysis

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$47.48 +0.96 (+2.06 %)
(As of 04/23/2019 04:00 PM ET)
Previous Close$46.52
Today's Range$46.30 - $47.54
52-Week Range$37.79 - $51.25
Volume43,980 shs
Average Volume83,039 shs
Market Capitalization$1.22 billion
P/E Ratio15.17
Dividend Yield2.21%
Beta0.92
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.

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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:LKFN
CUSIP51165610
Phone574-267-6144

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$239.08 million
Cash Flow$3.5699 per share
Book Value$20.62 per share

Profitability

Net Income$80.41 million

Miscellaneous

Employees553
Market Cap$1.22 billion
Next Earnings Date4/24/2019 (Estimated)
OptionableOptionable

Lakeland Financial (NASDAQ:LKFN) Frequently Asked Questions

What is Lakeland Financial's stock symbol?

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

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

Lakeland Financial declared a quarterly dividend on Wednesday, April 10th. Investors of record on Thursday, April 25th will be paid a dividend of $0.30 per share on Monday, May 6th. This represents a $1.20 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Wednesday, April 24th. This is a boost from Lakeland Financial's previous quarterly dividend of $0.26. View Lakeland Financial's Dividend History.

How were Lakeland Financial's earnings last quarter?

Lakeland Financial Co. (NASDAQ:LKFN) posted its quarterly earnings results on Friday, January, 25th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.03. The financial services provider earned $49.70 million during the quarter, compared to the consensus estimate of $48.48 million. Lakeland Financial had a net margin of 33.63% and a return on equity of 16.24%. View Lakeland Financial's Earnings History.

When is Lakeland Financial's next earnings date?

Lakeland Financial is scheduled to release their next quarterly earnings announcement on Wednesday, April 24th 2019. View Earnings Estimates for Lakeland Financial.

What price target have analysts set for LKFN?

2 brokers have issued 1 year target prices for Lakeland Financial's stock. Their predictions range from $51.00 to $51.00. On average, they anticipate Lakeland Financial's stock price to reach $51.00 in the next year. This suggests a possible upside of 7.4% from the stock's current price. View Analyst Price Targets for Lakeland Financial.

What is the consensus analysts' recommendation for Lakeland Financial?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lakeland Financial in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Lakeland Financial.

What are Wall Street analysts saying about Lakeland Financial stock?

Here are some recent quotes from research analysts about Lakeland Financial stock:
  • 1. According to Zacks Investment Research, "LAKELAND FINANCIAL CORP. is a bank holding company engaged in general banking business. " (4/10/2019)
  • 2. Boenning Scattergood analysts commented, "We have a favorable view of Lakeland Financial Corporation’s highly efficient operating profile, strong organic growth trends, and proven credit discipline, which we suspect will benefit “buy and hold” investors as the company continues to generate elite return metrics over the long haul. The company has historically focused on generating business within its legacy markets in northern Indiana, but has used a gradual branching strategy to expand into larger metro areas such as Fort Wayne and, most recently, Indianapolis. Though management’s conservatism could admittedly limit the company’s ability to generate outsized earnings growth in the near-term, we believe it also provides the long-run benefits of below-industry credit costs and more effective capital deployment." (7/26/2018)

Has Lakeland Financial been receiving favorable news coverage?

News headlines about LKFN stock have trended positive this week, according to InfoTrie Sentiment. The research group rates the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Lakeland Financial earned a daily sentiment score of 2.7 on InfoTrie's scale. They also assigned media coverage about the financial services provider a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future.

Who are some of Lakeland Financial's key 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 Intel (INTC), CBRE Group (CBRE), iShares Barclays 1-3 Year Treasry Bnd Fd (SHY), Automatic Data Processing (ADP), TD Ameritrade (AMTD), ANGI Homeservices (ANGI), Broadcom (AVGO), Atlantica Yield (AY), Comcast (CMCSA) and Intuitive Surgical (ISRG).

Who are Lakeland Financial's key executives?

Lakeland Financial's management team includes the folowing 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)

Who are Lakeland Financial's major shareholders?

Lakeland Financial's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BTIM Corp. (1.45%) and Kessler Investment Group LLC (0.02%). Company insiders that own Lakeland Financial stock include Batty Jill A De, Brian J Smith, Emily E Pichon, Eric H Ottinger, Jonathan P Steiner, Kevin L Deardorff, Kristin Pruitt, Lisa M O'neill, M Scott Welch, Michael E Gavin, Steven D Ross and Thomas Hiatt. View Institutional Ownership Trends for Lakeland Financial.

Which institutional investors are buying Lakeland Financial stock?

LKFN stock was purchased by a variety of institutional investors in the last quarter, including BTIM Corp. and Kessler Investment Group LLC. Company insiders that have bought Lakeland Financial stock in the last two years include Brian J Smith, Kevin L Deardorff, Lisa M O'neill, M Scott Welch and Thomas Hiatt. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Lakeland Financial's stock price today?

One share of LKFN stock can currently be purchased for approximately $47.48.

How big of a company is Lakeland Financial?

Lakeland Financial has a market capitalization of $1.22 billion and generates $239.08 million in revenue each year. The financial services provider earns $80.41 million in net income (profit) each year or $3.13 on an earnings per share basis. Lakeland Financial employs 553 workers across the globe.

What is Lakeland Financial's official website?

The official website for Lakeland Financial is http://www.lakecitybank.com.

How can I contact Lakeland Financial?

Lakeland Financial's mailing address is 202 E CENTER ST P O BOX 1387, WARSAW IN, 46581. The financial services provider can be reached via phone at 574-267-6144 or via email at [email protected]


MarketBeat Community Rating for Lakeland Financial (NASDAQ LKFN)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  291 (Vote Outperform)
Underperform Votes:  402 (Vote Underperform)
Total Votes:  693
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.
This page was last updated on 4/23/2019 by MarketBeat.com Staff

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