Lakeland Financial Company Profile (NASDAQ:LKFN)

About Lakeland Financial (NASDAQ:LKFN)

Lakeland Financial logoLakeland Financial Corporation is a bank holding company. The Company, through its subsidiary, Lake City Bank (the Bank), provides an array of products and services throughout its Northern and Central Indiana markets. It offers commercial and consumer banking services, as well as trust and wealth management, brokerage, investment and treasury management commercial services. It serves a range of industries, including commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and healthcare. The Bank's activities cover all phases of commercial banking, including deposit products, commercial and consumer lending, retail and merchant credit card services, corporate treasury management services, and wealth advisory, trust and brokerage services. It provides financial services through the Bank, with approximately 50 branch offices in 15 counties in Northern and Central Indiana.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Regional - Midwest Banks
  • Sub-Industry: Regional Banks
  • Symbol: NASDAQ:LKFN
  • CUSIP: 51165610
  • Web:
  • Market Cap: $1.1 billion
  • Outstanding Shares: 25,017,000
Average Prices:
  • 50 Day Moving Avg: $44.18
  • 200 Day Moving Avg: $44.37
  • 52 Week Range: $29.64 - $48.88
  • Trailing P/E Ratio: 20.27
  • Foreward P/E Ratio: 17.85
  • P/E Growth: 1.92
Sales & Book Value:
  • Annual Revenue: $154.46 million
  • Price / Sales: 7.11
  • Book Value: $17.47 per share
  • Price / Book: 2.51
  • Annual Dividend: $0.76
  • Dividend Yield: 2.0%
  • Net Margins: 30.31%
  • Return on Equity: 12.47%
  • Return on Assets: 1.31%
  • Debt-to-Equity Ratio: 0.07%
  • Current Ratio: 0.95%
  • Quick Ratio: 0.95%
  • Average Volume: 70,226 shs.
  • Beta: 0.77
  • Short Ratio: 15.87

Frequently Asked Questions for Lakeland Financial (NASDAQ:LKFN)

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 announced a quarterly dividend on Wednesday, April 12th. Investors of record on Tuesday, April 25th will be paid a dividend of $0.22 per share on Friday, May 5th. This represents a $0.88 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Friday, April 21st. This is an increase from Lakeland Financial's previous quarterly dividend of $0.19. View Lakeland Financial's Dividend History.

How were Lakeland Financial's earnings last quarter?

Lakeland Financial Co. (NASDAQ:LKFN) posted its earnings results on Tuesday, April, 25th. The company reported $0.57 EPS for the quarter, topping the Zacks' consensus estimate of $0.53 by $0.04. The business earned $40.32 million during the quarter, compared to analysts' expectations of $40.29 million. Lakeland Financial had a return on equity of 12.47% and a net margin of 30.31%. View Lakeland Financial's Earnings History.

When will Lakeland Financial make its next earnings announcement?

Lakeland Financial is scheduled to release their next quarterly earnings announcement on Tuesday, July, 25th 2017. View Earnings Estimates for Lakeland Financial.

Where is Lakeland Financial's stock going? Where will Lakeland Financial's stock price be in 2017?

3 analysts have issued twelve-month price targets for Lakeland Financial's shares. Their predictions range from $43.00 to $49.00. On average, they anticipate Lakeland Financial's stock price to reach $46.00 in the next twelve months. View Analyst Ratings for Lakeland Financial.

Are investors shorting Lakeland Financial?

Lakeland Financial saw a increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,016,170 shares, an increase of 4.0% from the March 15th total of 976,875 shares. Based on an average trading volume of 85,076 shares, the days-to-cover ratio is presently 11.9 days.

Who are some of Lakeland Financial's key competitors?

Who owns Lakeland Financial stock?

Lakeland Financial's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include FMR LLC (7.31%), Vanguard Group Inc. (4.22%), Dimensional Fund Advisors LP (4.08%), Victory Capital Management Inc. (3.65%), Goldman Sachs Group Inc. (3.22%) and Columbia Wanger Asset Management LLC (2.33%). Company insiders that own Lakeland Financial stock include 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 and Michael L Kubacki. View Institutional Ownership Trends for Lakeland Financial.

Who sold Lakeland Financial stock? Who is selling Lakeland Financial stock?

Lakeland Financial's stock was sold by a variety of institutional investors in the last quarter, including Neumeier Poma Investment Counsel LLC, Morgan Stanley, Segall Bryant & Hamill LLC, BTIM Corp., Ameriprise Financial Inc., FMR LLC, Walthausen & Co. LLC and 1ST Source Bank. Company insiders that have sold Lakeland Financial stock in the last year include David M Findlay, Emily E Pichon, Eric H Ottinger, Jonathan P Steiner, Kevin L Deardorff, Michael E Gavin and Michael L Kubacki. View Insider Buying and Selling for Lakeland Financial.

Who bought Lakeland Financial stock? Who is buying Lakeland Financial stock?

Lakeland Financial's stock was bought by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Goldman Sachs Group Inc., Stifel Financial Corp, Vanguard Group Inc., Dimensional Fund Advisors LP, First Trust Advisors LP, Columbia Wanger Asset Management LLC and Karp Capital Management Corp. 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 Lakeland Financial stock?

Shares of Lakeland Financial can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Lakeland Financial stock cost?

One share of Lakeland Financial stock can currently be purchased for approximately $43.90.

Analyst Ratings

Consensus Ratings for Lakeland Financial (NASDAQ:LKFN) (?)
Ratings Breakdown: 2 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $46.00 (4.78% upside)

Analysts' Ratings History for Lakeland Financial (NASDAQ:LKFN)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/18/2017DA DavidsonUpgradeNeutral -> Buy$49.00HighView Rating Details
4/18/2017Keefe, Bruyette & WoodsSet Price TargetHold$43.00LowView Rating Details
6/13/2016StephensDowngradeOverweight -> Equal WeightN/AView Rating Details
12/17/2015Raymond James Financial, Inc.DowngradeOutperform -> Market PerformN/AView Rating Details
10/27/2015FIG PartnersDowngradeOutperform -> Market PerformN/AView Rating Details
(Data available from 5/23/2015 forward)


Earnings History for Lakeland Financial (NASDAQ:LKFN)
Earnings by Quarter for Lakeland Financial (NASDAQ:LKFN)
Earnings History by Quarter for Lakeland Financial (NASDAQ:LKFN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/25/2017Q1 2017$0.53$0.57$40.29 million$40.32 millionViewN/AView Earnings Details
1/25/2017Q4 2016$0.52$0.53$38.52 million$39.64 millionViewN/AView Earnings Details
10/25/2016Q3$0.50$0.53$38.00 million$38.74 millionViewN/AView Earnings Details
7/25/2016Q2$0.71$0.76$36.89 million$37.34 millionViewN/AView Earnings Details
4/25/2016Q1$0.70$0.73$35.40 million$35.63 millionViewN/AView Earnings Details
1/25/2016Q4$0.70$0.73$35.30 million$35.52 millionViewN/AView Earnings Details
10/26/2015Q3$0.70$0.69$34.94 million$34.61 millionViewN/AView Earnings Details
7/24/2015Q2$0.68$0.68$34.53 million$33.78 millionViewN/AView Earnings Details
4/27/2015Q114$0.64$0.66$33.54 million$33.50 millionViewN/AView Earnings Details
1/26/2015Q413$0.69$0.66$34.00 million$33.27 millionViewN/AView Earnings Details
10/27/2014Q3$0.69$0.69$34.40 million$33.80 millionViewN/AView Earnings Details
7/25/2014Q2 2014$0.66$0.68$33.46 million$33.15 millionViewN/AView Earnings Details
4/25/2014Q1 2014$0.61$0.59$31.96 million$32.11 millionViewN/AView Earnings Details
1/27/2014Q4$0.61$0.63ViewN/AView Earnings Details
7/25/2013Q213$0.56ViewN/AView Earnings Details
1/25/2013Q412$0.50$0.52$28.58 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Lakeland Financial (NASDAQ:LKFN)
2017 EPS Consensus Estimate: $2.24
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.50$0.55$0.53
Q2 20172$0.53$0.57$0.55
Q3 20172$0.56$0.59$0.58
Q4 20172$0.58$0.59$0.59
Q1 20181$0.57$0.57$0.57
Q2 20181$0.58$0.58$0.58
Q3 20181$0.62$0.62$0.62
(Data provided by Zacks Investment Research)


Current Dividend Information for Lakeland Financial (NASDAQ:LKFN)
Most Recent Dividend:5/5/2017
Annual Dividend:$0.76
Dividend Yield:1.73%
Payout Ratio:37.01% (Trailing 12 Months of Earnings)
33.48% (Based on This Year's Estimates)
30.89% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Lakeland Financial (NASDAQ:LKFN)

Dividend History by Quarter for Lakeland Financial (NASDAQ:LKFN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Lakeland Financial (NASDAQ:LKFN)
Insider Ownership Percentage: 4.90%
Institutional Ownership Percentage: 66.27%
Insider Trades by Quarter for Lakeland Financial (NASDAQ:LKFN)
Institutional Ownership by Quarter for Lakeland Financial (NASDAQ:LKFN)
Insider Trades by Quarter for Lakeland Financial (NASDAQ:LKFN)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/22/2017Michael E GavinEVPSell2,500$42.93$107,325.00View SEC Filing  
5/1/2017Michael E GavinEVPSell3,000$45.94$137,820.00View SEC Filing  
2/15/2017Michael E GavinEVPSell1,678$45.40$76,181.20View SEC Filing  
2/8/2017Michael L KubackiDirectorSell17,656$42.80$755,676.80View SEC Filing  
2/6/2017Charles E NiemierDirectorBuy681$44.57$30,352.17View SEC Filing  
2/6/2017Jonathan P SteinerInsiderSell2,115$44.15$93,377.25View SEC Filing  
12/14/2016Brian J SmithDirectorBuy109$45.80$4,992.20View SEC Filing  
11/17/2016Eric H OttingerInsiderSell1,500$44.03$66,045.00View SEC Filing  
11/7/2016Charles E NiemierDirectorBuy827$36.30$30,020.10View SEC Filing  
10/28/2016David M FindlayCEOSell8,200$36.50$299,300.00View SEC Filing  
10/28/2016Eric H OttingerInsiderSell2,672$36.75$98,196.00View SEC Filing  
9/20/2016Brian J SmithDirectorBuy140$35.62$4,986.80View SEC Filing  
8/23/2016Emily E PichonDirectorSell1,000$35.55$35,550.00View SEC Filing  
8/12/2016Kevin L DeardorffInsiderSell4,263$35.24$150,228.12View SEC Filing  
8/5/2016Charles E NiemierDirectorBuy554$52.99$29,356.46View SEC Filing  
6/16/2016Brian J SmithDirectorBuy107$46.93$5,021.51View SEC Filing  
5/5/2016Charles E NiemierDirectorBuy612$47.33$28,965.96View SEC Filing  
3/15/2016Brian J SmithDirectorBuy112$44.77$5,014.24View SEC Filing  
2/24/2016M Scott WelchDirectorBuy40$41.40$1,656.00View SEC Filing  
2/9/2016Kristin PruittEVPSell1,900$42.29$80,351.00View SEC Filing  
2/5/2016Charles E. NiemierDirectorBuy600$41.66$24,996.00View SEC Filing  
2/3/2016Jonathan P. SteinerSVPSell1,233$42.76$52,723.08View SEC Filing  
2/2/2016Michael E. GavinEVPSell1,500$43.49$65,235.00View SEC Filing  
2/1/2016Michael L KubackiChairmanSell13,320$43.62$581,018.40View SEC Filing  
1/27/2016Lisa M O'neillCFOBuy500$39.92$19,960.00View SEC Filing  
12/16/2015Brian J. SmithDirectorBuy104$48.12$5,004.48View SEC Filing  
11/23/2015Eric H. OttingerEVPSell3,000$48.00$144,000.00View SEC Filing  
9/9/2015Emily E PichonDirectorSell600$41.00$24,600.00View SEC Filing  
3/12/2015Kevin L DeardorffEVPSell2,069$39.91$82,573.79View SEC Filing  
3/5/2015Daniel F EvansDirectorBuy7,148$39.16$279,915.68View SEC Filing  
2/17/2015Batty Jill A DeSVPSell1,100$39.55$43,505.00View SEC Filing  
2/11/2015Jonathan P SteinerSVPSell2,000$39.40$78,800.00View SEC Filing  
2/5/2015Kristin PruittEVPSell1,750$40.01$70,017.50View SEC Filing  
2/3/2015Michael E GavinEVPSell3,053$39.67$121,112.51View SEC Filing  
2/2/2015Michael L KubackiChairmanSell8,440$38.69$326,543.60View SEC Filing  
11/17/2014Ronald TruexDirectorBuy20,000$40.51$810,200.00View SEC Filing  
11/4/2014Emily E PichonDirectorSell1,000$40.91$40,910.00View SEC Filing  
2/18/2014Kevin DeardorffEVPSell2,221$37.75$83,842.75View SEC Filing  
2/12/2014David FindlayCFOSell4,200$36.63$153,846.00View SEC Filing  
2/11/2014Batty Jill DeSVPSell2,610$36.13$94,299.30View SEC Filing  
2/5/2014Michael KubackiCEOSell9,040$35.88$324,355.20View SEC Filing  
2/4/2014Eric OttingerEVPSell2,500$35.87$89,675.00View SEC Filing  
11/15/2013Michael GavinEVPSell1,000$35.81$35,810.00View SEC Filing  
8/22/2013Eric H OttingerEVPSell3,000$33.00$99,000.00View SEC Filing  
7/31/2013Kevin L DeardorffEVPSell5,000$32.00$160,000.00View SEC Filing  
7/30/2013Kevin L DeardorffEVPSell3,000$31.95$95,850.00View SEC Filing  
7/30/2013Kristin PruittSVPSell5,000$31.75$158,750.00View SEC Filing  
5/21/2013Batty Jill A DeSVPSell2,100$28.20$59,220.00View SEC Filing  
2/6/2013Michael E GavinEVPSell1,277$24.59$31,401.43View SEC Filing  
2/5/2013Kevin L DeardorffEVPSell3,660$24.76$90,621.60View SEC Filing  
2/5/2013Michael L KubackiCEOSell4,900$24.77$121,373.00View SEC Filing  
2/4/2013Eric H OttingerEVPSell1,249$24.74$30,900.26View SEC Filing  
12/14/2012Eric H OttingerEVPBuy1,000$24.09$24,090.00View SEC Filing  
11/16/2012David M FindlayCFOBuy4,000$24.21$96,840.00View SEC Filing  
11/16/2012M Scott WelchDirectorBuy10,000$23.60$236,000.00View SEC Filing  
11/15/2012Batty Jill A DeSVPBuy1,500$23.67$35,505.00View SEC Filing  
11/9/2012M Scott WelchDirectorBuy5,000$24.85$124,250.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Lakeland Financial (NASDAQ:LKFN)
Latest Headlines for Lakeland Financial (NASDAQ:LKFN)
DateHeadline logoInsider Selling: Lakeland Financial Co. (LKFN) EVP Sells 2,500 Shares of Stock - May 22 at 4:28 PM logoLakeland Financial Co. (LKFN) Upgraded to "Buy" at DA Davidson - May 18 at 7:42 AM logoJ. C. Penney (JCP) Q1 2017 Results - Earnings Call Transcript - May 13 at 12:08 AM logo Brokerages Anticipate Lakeland Financial Co. (LKFN) Will Post Quarterly Sales of $41.87 Million - May 11 at 12:42 PM logoLakeland Financial Co. (LKFN) Expected to Post Earnings of $0.55 Per Share - May 9 at 8:12 AM logoFavorable News Coverage Unlikely to Impact Lakeland Financial (LKFN) Stock Price - May 4 at 5:10 PM logoLakeland Financial Co. (LKFN) EVP Sells $137,820.00 in Stock - May 2 at 12:16 PM logoFavorable Media Coverage Likely to Affect Lakeland Financial (LKFN) Share Price - May 1 at 3:09 PM logoLakeland Financial Co. (LKFN) Downgraded by Zacks Investment Research to Hold - April 29 at 1:12 AM logoLakeland Financial (LKFN) Getting Favorable News Coverage, Study Shows - April 28 at 12:13 PM logoLakeland Financial Co. Forecasted to Earn Q2 2017 Earnings of $0.57 Per Share (LKFN) - April 28 at 9:42 AM logoQ2 2017 EPS Estimates for Lakeland Financial Co. Increased by FIG Partners (LKFN) - April 27 at 8:38 AM logoLakeland Financial Co. (LKFN) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS - April 26 at 3:52 PM logoLakeland Financial (LKFN) Receives Media Sentiment Rating of 0.31 - April 25 at 1:53 PM logoLakeland Financial Reports Record First Quarter Performance - April 25 at 9:39 AM logoLakeland Financial tops 1Q profit forecasts - April 25 at 9:39 AM logoLakeland Financial beats by $0.05, misses on revenue - April 25 at 8:40 AM logoLakeland Financial Co. (LKFN) Given a $43.00 Price Target at Keefe, Bruyette & Woods - April 24 at 8:31 AM logoLakeland Financial Co. (LKFN) Short Interest Update - April 23 at 8:52 PM logoKeefe, Bruyette & Woods Analysts Give Lakeland Financial Co. (LKFN) a $43.00 Price Target - April 22 at 9:02 PM logoSomewhat Favorable Media Coverage Unlikely to Impact Lakeland Financial (LKFN) Share Price - April 22 at 3:33 PM logoLake City Bank Named to KBW Bank Honor Roll of High Performing Banks for the 6th Consecutive Year - April 21 at 6:10 PM logoLakeland Financial Corporation (LKFN) Ex-Dividend Date Scheduled for... - April 20 at 10:22 AM logoLakeland Financial (LKFN) Receiving Positive Press Coverage, Report Finds - April 18 at 8:53 PM logo9 Dividend Increases: April 10-13, 2017 - April 16 at 10:00 AM logoLakeland Financial (LKFN) Receiving Favorable Media Coverage, AlphaOne Reports - April 14 at 3:40 PM logoLakeland Financial Co. (lkfn) Announces Dividend Increase - $0.22 Per Share - April 13 at 10:54 AM logoSarah J. Earls Joins Lake City Bank as Controller and Senior Vice President - March 27 at 5:49 PM logoLAKELAND FINANCIAL CORP Files SEC form 8-K, Change in Directors or Principal Officers - March 27 at 5:49 PM logoLAKELAND FINANCIAL CORP Financials - March 7 at 6:03 PM logoLAKELAND FINANCIAL CORP Files SEC form 10-K, Annual Report - March 1 at 11:14 AM logoQ4 2016 Lakeland Financial Corp Earnings Release - 08:00 am ET - January 25 at 7:42 PM logo8:05 am Lakeland Financial reports Q4 results; beats by $0.01 - January 25 at 7:42 PM logoLakeland Financial tops Street 4Q forecasts - January 25 at 7:42 PM logoHow Lakeland Financial (LKFN) Stock Stands Out in a Strong Industry - November 18 at 5:35 PM logoHow Lakeland Financial (LKFN) Stock Stands Out in a Strong Industry - November 18 at 5:35 PM logoLake City Bank’s Joe Kessie Named Chair of Agricultural and Rural Bankers Committee - November 1 at 6:15 PM logoLakeland Financial tops Street 3Q forecasts - October 25 at 10:59 AM logoEx-Dividend Reminder: Fastenal, Pembina Pipeline and Lakeland Financial - October 19 at 10:53 AM logoSplits Calendar: Lakeland Financial splits before market open today (3:2 ratio) - August 8 at 10:40 AM logoLAKELAND FINANCIAL CORP Files SEC form 8-K, Results of Operations and Financial Condition - July 25 at 9:00 AM logoLakeland Financial Corporation to Present at the Keefe, Bruyette & Woods 2016 Community Bank Investor Conference - July 21 at 1:00 PM logoLakeland Financial Corporation (LKFN) Ex-Dividend Date Scheduled for - July 20 at 4:05 PM logoEx-Dividend Reminder: Pembina Pipeline, Lakeland Financial and Kaiser Aluminum - July 19 at 12:04 PM logoLake City Bank Parent Announces 14% Increase in Cash Dividend and Stock Split - July 13 at 6:21 PM logoLake City Bank Continues Expansion in Indianapolis With New Office at 96th and Michigan Road - February 17 at 11:00 AM logoInsider Trading Alert - LKFN, WBS And CVT Traded By Insiders - January 30 at 1:33 PM logoLakeland Financial declares $0.245 dividend - January 25 at 8:32 AM logoQ4 2015 Lakeland Financial Corp Earnings Release - Before Market Open - January 25 at 7:07 AM



Lakeland Financial (LKFN) Chart for Tuesday, May, 23, 2017

This page was last updated on 5/23/2017 by Staff