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
SymbolNASDAQ:LKFN
CUSIP51165610
Phone574-267-6144
Debt
Debt-to-Equity Ratio0.07
Current Ratio0.95
Quick Ratio0.95
Price-To-Earnings
Trailing P/E Ratio20.76
Forward P/E Ratio16.54
P/E Growth1.65
Sales & Book Value
Annual Sales$201.71 million
Price / Sales6.22
Cash Flow$2.8177 per share
Price / Cash17.61
Book Value$18.73 per share
Price / Book2.65
Profitability
EPS (Most Recent Fiscal Year)$2.39
Net Income$57.33 million
Net Margins28.94%
Return on Equity14.09%
Return on Assets1.43%
Miscellaneous
Employees539
Outstanding Shares25,290,000
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 11th. Investors of record on Wednesday, April 25th will be given a dividend of $0.26 per share on Monday, May 7th. This represents a $1.04 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Tuesday, April 24th. This is an increase from Lakeland Financial's previous quarterly dividend of $0.22. View Lakeland Financial's Dividend History.
How were Lakeland Financial's earnings last quarter?
Lakeland Financial Co. (NASDAQ:LKFN) released its earnings results on Wednesday, April, 25th. The financial services provider reported $0.71 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.01. The financial services provider earned $46.10 million during the quarter, compared to analysts' expectations of $45.57 million. Lakeland Financial had a return on equity of 14.09% and a net margin of 28.94%. 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 stock. Their forecasts range from $50.00 to $50.00. On average, they expect Lakeland Financial's share price to reach $50.00 in the next year. 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 branch-based 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." (6/8/2018)
- 2. According to Zacks Investment Research, "LAKELAND FINANCIAL CORP. is a bank holding company engaged in general banking business. " (5/23/2018)
Who are some of Lakeland Financial's key competitors?
Some companies that are related to Lakeland Financial include Prosperity Bancshares (PB), Texas Capital Bancshares (TCBI), Associated Banc (ASB), Popular (BPOP), Iberiabank (IBKC), Hancock (HBHC), Chemical Financial (CHFC), First Hawaiian Bank (FHB), Investors Bank (ISBC), Home Bancshares (HOMB), United Bankshares (UBSI), First Financial Bankshares (FFIN), Bank of Hawaii (BOH), Cathay General Bancorp (CATY) and Glacier Bancorp (GBCI).
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?
Media stories about LKFN stock have been trending somewhat positive on Monday, according to Accern Sentiment. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lakeland Financial earned a coverage optimism score of 0.10 on Accern's scale. They also assigned media headlines about the financial services provider an impact score of 45.85 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are Lakeland Financial's major shareholders?
Lakeland Financial's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.51%), Franklin Resources Inc. (7.14%), Neuberger Berman Group LLC (4.30%), Dimensional Fund Advisors LP (4.07%), Vaughan Nelson Investment Management L.P. (3.48%) and Northern Trust Corp (2.64%). 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 major investors are selling Lakeland Financial stock?
LKFN stock was sold by a variety of institutional investors in the last quarter, including Neumeier Poma Investment Counsel LLC, Franklin Resources Inc., Wedge Capital Management L L P NC, Teacher Retirement System of Texas, Blair William & Co. IL, MetLife Investment Advisors LLC, California Public Employees Retirement System and Legal & General Group Plc. Company insiders that have sold Lakeland Financial company stock in the last year include Batty Jill A De, 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 major investors are buying Lakeland Financial stock?
LKFN stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, BlackRock Inc., Neuberger Berman Group LLC, Motley Fool Asset Management LLC, Massachusetts Financial Services Co. MA, Citadel Advisors LLC, JPMorgan Chase & Co. and Vaughan Nelson Investment Management L.P.. 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 $49.62.
How big of a company is Lakeland Financial?
Lakeland Financial has a market capitalization of $1.25 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 (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.
