Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services in Indiana. The company offers various deposit products, including noninterest bearing deposits; interest-bearing checking, savings, and money market deposits; and NOW and demand deposits. It also provides commercial and industrial loans, commercial real estate and multi-family residential loans, agri-business and agricultural loans, consumer 1-4 family mortgage loans, and other consumer loans. In addition, the company offers corporate treasury management, wealth advisory, and trust services; retail brokerage services, including various financial and investment products, such as annuities and life insurance; retail and merchant credit card services; 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 December 31, 2017, the company operated through 49 branch offices in Northern and Central Indiana. Lakeland Financial Corporation was founded in 1872 and is headquartered in Warsaw, Indiana.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:LKFN
CUSIP51165610
Phone574-267-6144
Debt
Debt-to-Equity Ratio0.42
Current Ratio0.99
Quick Ratio0.99
Price-To-Earnings
Trailing P/E Ratio20.13
Forward P/E Ratio15.79
P/E Growth1.55
Sales & Book Value
Annual Sales$201.71 million
Price / Sales6.06
Cash Flow$2.8564 per share
Price / Cash16.92
Book Value$18.73 per share
Price / Book2.58
Profitability
EPS (Most Recent Fiscal Year)$2.39
Net Income$57.33 million
Net Margins29.95%
Return on Equity14.83%
Return on Assets1.51%
Miscellaneous
Employees539
Outstanding Shares25,300,000
Market Cap$1.20 billion
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, July 25th. Investors of record on Tuesday, August 7th will be given a dividend of $0.10 per share on Tuesday, August 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Monday, August 6th. View Lakeland Financial's Dividend History.
How were Lakeland Financial's earnings last quarter?
Lakeland Financial Co. (NASDAQ:LKFN) posted its quarterly earnings data on Wednesday, July, 25th. The financial services provider reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.04. The financial services provider earned $47.23 million during the quarter, compared to the consensus estimate of $47.05 million. Lakeland Financial had a net margin of 29.95% and a return on equity of 14.83%. View Lakeland Financial's Earnings History.
When is Lakeland Financial's next earnings date?
What price target have analysts set for LKFN?
2 Wall Street analysts have issued 1-year price targets for Lakeland Financial's stock. Their predictions range from $51.00 to $51.00. On average, they anticipate Lakeland Financial's share price to reach $51.00 in the next year. This suggests a possible upside of 5.5% 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. 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)
- 2. According to Zacks Investment Research, "LAKELAND FINANCIAL CORP. is a bank holding company engaged in general banking business. " (6/27/2018)
Who are some of Lakeland Financial's key competitors?
Some companies that are related to Lakeland Financial include IBERIABANK (IBKC), Investors Bancorp (ISBC), Associated Banc (ASB), Hancock (HBHC), Texas Capital Bancshares (TCBI), First Financial Bankshares (FFIN), Home Bancshares (HOMB), United Bankshares (UBSI), Chemical Financial (CHFC), First Hawaiian (FHB), Glacier Bancorp (GBCI), Cathay General Bancorp (CATY), Bank of Hawaii (BOH), International Bancshares (IBOC) and Bancorpsouth Bank (BXS).
Who are Lakeland Financial's key executives?
Lakeland Financial's management team includes the folowing people:
- Mr. David M. Findlay, Pres, CEO & Director (Age 56)
- Ms. Lisa M. O'Neill, Exec. VP & CFO (Age 50)
- Ms. Kristin L. Pruitt, Exec. VP, Chief Admin. Officer, Gen. Counsel & Corp. Sec. (Age 46)
- Mr. Kevin L. Deardorff, Exec. VP & Head of Retail Banking (Age 56)
- Mr. Eric H. Ottinger, Exec. VP & Head of Commercial Banking (Age 48)
Has Lakeland Financial been receiving favorable news coverage?
News stories about LKFN stock have been trending somewhat positive recently, Accern reports. The research firm scores the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lakeland Financial earned a media and rumor sentiment score of 0.18 on Accern's scale. They also assigned media coverage about the financial services provider an impact score of 46.57 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next several days. View Recent Headlines for Lakeland Financial.
Who are Lakeland Financial's major shareholders?
Lakeland Financial's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.19%), Dimensional Fund Advisors LP (4.09%), Victory Capital Management Inc. (3.77%), Vaughan Nelson Investment Management L.P. (3.42%), FMR LLC (3.33%) and Northern Trust Corp (2.68%). Company insiders that own Lakeland Financial stock include Batty Jill A De, Brian J Smith, Charles E Niemier, David M Findlay, Emily E Pichon, Eric H Ottinger, Jonathan P Steiner, Kevin L Deardorff, Kristin Pruitt, Lisa M O'neill, M Scott Welch, Michael E Gavin, Michael L Kubacki and Steven D Ross. View Institutional Ownership Trends for Lakeland Financial.
Which institutional investors are selling Lakeland Financial stock?
LKFN stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Millennium Management LLC, Schroder Investment Management Group, Vaughan Nelson Investment Management L.P., Segall Bryant & Hamill LLC, Bank of New York Mellon Corp, Bank of New York Mellon Corp and WINTON GROUP Ltd. Company insiders that have sold Lakeland Financial company stock in the last year include Batty Jill A De, Emily E Pichon, Eric H Ottinger, Jonathan P Steiner, Kevin L Deardorff, Kristin Pruitt, Lisa M O'neill, Michael E Gavin and Steven D Ross. View Insider Buying and Selling for Lakeland Financial.
Which institutional investors are buying Lakeland Financial stock?
LKFN stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Massachusetts Financial Services Co. MA, Renaissance Technologies LLC, Citadel Advisors LLC, WBI Investments Inc., GSA Capital Partners LLP, Alps Advisors Inc. and Alps Advisors Inc.. Company insiders that have bought Lakeland Financial stock in the last two years include Brian J Smith, Charles E Niemier, Lisa M O'neill and M Scott Welch. 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 $48.33.
How big of a company is Lakeland Financial?
Lakeland Financial has a market capitalization of $1.20 billion and generates $201.71 million in revenue each year. The financial services provider earns $57.33 million in net income (profit) each year or $2.39 on an earnings per share basis. Lakeland Financial employs 539 workers across the globe.
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)
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.
