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

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$42.55 -0.53 (-1.23 %)
(As of 12/11/2018 05:21 AM ET)
Previous Close$43.08
Today's Range$42.14 - $43.32
52-Week Range$39.41 - $51.76
Volume95,900 shs
Average Volume84,002 shs
Market Capitalization$1.09 billion
P/E Ratio17.80
Dividend Yield2.41%
Beta0.75
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.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:LKFN
Previous Symbol
CUSIP51165610
Phone574-267-6144

Debt

Debt-to-Equity Ratio0.22
Current Ratio0.97
Quick Ratio0.97

Price-To-Earnings

Trailing P/E Ratio17.80
Forward P/E Ratio13.77
P/E Growth1.4

Sales & Book Value

Annual Sales$201.71 million
Price / Sales5.34
Cash Flow$2.7720 per share
Price / Cash Flow15.35
Book Value$18.73 per share
Price / Book2.27

Profitability

EPS (Most Recent Fiscal Year)$2.39
Net Income$57.33 million
Net Margins30.88%
Return on Equity15.54%
Return on Assets1.58%

Miscellaneous

Employees539
Outstanding Shares25,300,000
Market Cap$1.09 billion
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 Tuesday, October 9th. Stockholders of record on Thursday, October 25th will be given a dividend of $0.26 per share on Monday, November 5th. This represents a $1.04 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Wednesday, October 24th. This is an increase from Lakeland Financial's previous quarterly dividend of $0.10. View Lakeland Financial's Dividend History.

How were Lakeland Financial's earnings last quarter?

Lakeland Financial Co. (NASDAQ:LKFN) posted its earnings results on Thursday, October, 25th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.02. The financial services provider earned $48.36 million during the quarter, compared to the consensus estimate of $48.60 million. Lakeland Financial had a return on equity of 15.54% and a net margin of 30.88%. 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 Thursday, January 24th 2019. View Earnings Estimates for Lakeland Financial.

What price target have analysts set for LKFN?

2 Wall Street analysts have issued 12 month target prices for Lakeland Financial's shares. Their predictions range from $51.00 to $51.00. On average, they expect Lakeland Financial's stock price to reach $51.00 in the next twelve months. This suggests a possible upside of 19.9% 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. " (11/1/2018)
  • 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?

Press coverage about LKFN stock has trended somewhat positive this week, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Lakeland Financial earned a news impact score of 1.9 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next several days.

Who are some of Lakeland Financial's key competitors?

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)

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. (8.28%), Vanguard Group Inc. (4.58%), Dimensional Fund Advisors LP (4.10%), Neuberger Berman Group LLC (3.99%), Victory Capital Management Inc. (3.80%) and Vaughan Nelson Investment Management L.P. (3.14%). Company insiders that own Lakeland Financial stock include Batty Jill A De, Brian J Smith, Charles E Niemier, 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, Vaughan Nelson Investment Management L.P., Neuberger Berman Group LLC, Chicago Equity Partners LLC, JPMorgan Chase & Co., JPMorgan Chase & Co., Wells Fargo & Company MN and GSA Capital Partners LLP. 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 Walthausen & Co. LLC, Renaissance Technologies LLC, Marshall Wace LLP, Massachusetts Financial Services Co. MA, TIAA CREF Investment Management LLC, Vanguard Group Inc., Smith Asset Management Group LP and BlackRock 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 $42.55.

How big of a company is Lakeland Financial?

Lakeland Financial has a market capitalization of $1.09 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.

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:  274 (Vote Outperform)
Underperform Votes:  384 (Vote Underperform)
Total Votes:  658
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 12/11/2018 by MarketBeat.com Staff

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