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
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Phone574-267-6144
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$239.08 million
Profitability
Miscellaneous
Employees539
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 announced a quarterly dividend on Thursday, January 10th. Shareholders of record on Friday, January 25th will be paid a dividend of $0.26 per share on Tuesday, February 5th. This represents a $1.04 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Thursday, January 24th. View Lakeland Financial's Dividend History.
How were Lakeland Financial's earnings last quarter?
Lakeland Financial Co. (NASDAQ:LKFN) issued its quarterly earnings data on Friday, January, 25th. The financial services provider reported $0.83 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.80 by $0.03. The financial services provider earned $49.70 million during the quarter, compared to analysts' expectations of $48.48 million. Lakeland Financial had a net margin of 33.63% and a return on equity of 16.54%. 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 twelve-month price objectives for Lakeland Financial's shares. Their predictions range from $51.00 to $51.00. On average, they expect Lakeland Financial's share price to reach $51.00 in the next twelve months. This suggests a possible upside of 5.6% 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. " (1/29/2019)
- 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 coverage about LKFN stock has trended neutral recently, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Lakeland Financial earned a news sentiment score of 0.5 on InfoTrie's scale. They also gave news articles 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 effect on the stock's share price in the immediate future.
Who are some of Lakeland Financial's key competitors?
Some companies that are related to Lakeland Financial include Investors Bancorp (ISBC), IBERIABANK (IBKC), First Financial Bankshares (FFIN), Bank Ozk (OZK), Wintrust Financial (WTFC), United Bankshares (UBSI), Associated Banc (ASB), Glacier Bancorp (GBCI), First Hawaiian (FHB), Bank of Hawaii (BOH), Home Bancshares (HOMB), Chemical Financial (CHFC), Cathay General Bancorp (CATY), CVB Financial (CVBF) and Texas Capital Bancshares (TCBI).
What other stocks do shareholders of Lakeland Financial own?
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 & Principal Accounting Officer (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 many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.05%), Dimensional Fund Advisors LP (4.15%), Victory Capital Management Inc. (3.81%), Vaughan Nelson Investment Management L.P. (3.23%), Northern Trust Corp (2.70%) and Massachusetts Financial Services Co. MA (2.15%). 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 selling Lakeland Financial stock?
LKFN stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Walthausen & Co. LLC, GSA Capital Partners LLP, BKD Wealth Advisors LLC, Bank of New York Mellon Corp, Millennium Management LLC, D. E. Shaw & Co. Inc. and Two Sigma Investments LP. 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 bought by a variety of institutional investors in the last quarter, including Segall Bryant & Hamill LLC, Massachusetts Financial Services Co. MA, BTIM Corp., Stifel Financial Corp, MUFG Securities EMEA plc, Bank of America Corp DE, Northern Trust Corp and Vaughan Nelson Investment Management L.P.. 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 $48.28.
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 539 workers across the globe.
What is Lakeland Financial's official website?
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.
