LKFN - Lakeland Financial Corp Stock Price, Fair Value and News

63.24USD+0.43 (+0.68%)Delayed

Market Summary

USD63.24+0.43

Delayed

0.68%

LKFN Stock Price

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LKFN RSI Chart

LKFN Valuation

Market Cap

1.6B

Price/Earnings (Trailing)

17.36

Price/Sales (Trailing)

4.54

EV/EBITDA

4.9

Price/Free Cashflow

15.22

LKFN Price/Sales (Trailing)

LKFN Profitability

EBT Margin

31.00%

Return on Equity

14.36%

Return on Assets

1.41%

Free Cashflow Yield

6.57%

LKFN Fundamentals

LKFN Revenue

Revenue (TTM)

355.1M

Rev. Growth (Yr)

14.91%

Rev. Growth (Qtr)

0.1%

LKFN Earnings

Earnings (TTM)

92.9M

Earnings Growth (Yr)

-3.61%

Earnings Growth (Qtr)

-21.01%

Breaking Down LKFN Revenue

Last 7 days

1.9%

Last 30 days

7.8%

Last 90 days

-3.6%

Trailing 12 Months

32.2%

How does LKFN drawdown profile look like?

LKFN Financial Health

Debt/Equity

0.08

Debt/Cashflow

2.23

LKFN Investor Care

Dividend Yield

2.94%

Dividend/Share (TTM)

1.86

Shares Dilution (1Y)

0.29%

Diluted EPS (TTM)

3.62

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	355.1M	0	0	0
2023	270.8M	301.6M	327.7M	343.3M
2022	193.3M	199.3M	212.5M	239.6M
2021	190.6M	191.4M	194.8M	193.2M
2020	212.2M	204.4M	195.6M	193.1M
2019	206.4M	212.2M	216.6M	215.2M
2018	173.6M	181.6M	189.4M	199.0M
2017	143.9M	150.3M	157.8M	165.7M
2016	126.1M	130.2M	134.3M	139.0M
2015	118.7M	119.7M	120.9M	122.5M
2014	109.7M	112.5M	115.3M	117.3M
2013	110.9M	108.1M	106.4M	107.7M
2012	120.9M	119.6M	117.8M	114.4M
2011	124.0M	123.8M	123.1M	121.9M
2010	0	118.7M	121.1M	123.5M
2009	0	0	0	116.3M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Lakeland Financial Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 09, 2024	pruitt kristin	acquired	-	-	2,000	president
May 09, 2024	pruitt kristin	sold (taxes)	-55,205	62.52	-883	president
May 03, 2024	clark kyra e	sold	-31,015	62.03	-500	senior vice president
Mar 13, 2024	findlay david m	sold	-783,120	65.26	-12,000	ceo
Mar 12, 2024	leniski stephanie r	sold	-19,841	66.1389	-300	senior vice president
Mar 12, 2024	o'neill lisa m	sold	-98,550	65.7	-1,500	evp & cfo
Mar 11, 2024	ottinger eric h	sold	-350,237	66.75	-5,247	executive vice president
Mar 04, 2024	robinson-gay donald	sold	-58,871	65.9254	-893	senior vice president
Mar 04, 2024	ross steven d	sold	-83,850	64.5	-1,300	-
Feb 22, 2024	steiner jonathan p	sold	-212,093	63.73	-3,328	senior vice president

Which funds bought or sold LKFN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	added	86.62	910,761	1,923,410	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.09	-59,314	1,682,800	-%
May 16, 2024	COMERICA BANK	reduced	-7.16	-60,527	1,039,180	-%
May 16, 2024	HANCOCK WHITNEY CORP	reduced	-1.84	-183	201,812	0.01%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-91.12	-381,044	37,869	-%
May 15, 2024	DEUTSCHE BANK AG\	added	4.22	48,399	844,850	-%
May 15, 2024	STATE STREET CORP	reduced	-0.97	631,440	80,082,500	-%
May 15, 2024	Cetera Investment Advisers	reduced	-52.85	-503,030	464,259	-%
May 15, 2024	Cetera Advisor Networks LLC	reduced	-7.63	-14,724	231,125	-%
May 15, 2024	PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO	unchanged	-	5,000	261,000	-%

Are Funds Buying or Selling LKFN?

Are funds buying LKFN calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own LKFN

No. of Funds

Unveiling Lakeland Financial Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	neuberger berman group llc	4.62%	1,174,114	SC 13G/A
Feb 13, 2024	vanguard group inc	7.27%	1,847,688	SC 13G/A
Feb 07, 2024	victory capital management inc	-	1,627,094	SC 13G
Jan 23, 2024	blackrock inc.	14.6%	3,704,496	SC 13G/A
Feb 10, 2023	neuberger berman group llc	5.63%	1,428,286	SC 13G/A
Feb 09, 2023	vanguard group inc	7.28%	1,845,929	SC 13G/A
Jan 26, 2023	blackrock inc.	14.6%	3,695,501	SC 13G/A
Jan 20, 2023	blackrock inc.	14.6%	3,695,501	SC 13G/A
Feb 14, 2022	neuberger berman group llc	5.82%	1,472,452	SC 13G
Feb 10, 2022	vanguard group inc	6.27%	1,587,441	SC 13G

Recent SEC filings of Lakeland Financial Corp

View All Filings

Date Filed	Form Type	Document
May 10, 2024	4	Insider Trading
May 07, 2024	4	Insider Trading
May 07, 2024	4	Insider Trading
May 07, 2024	4	Insider Trading
May 07, 2024	4	Insider Trading
May 07, 2024	4	Insider Trading
May 07, 2024	4	Insider Trading
May 07, 2024	4	Insider Trading
May 06, 2024	4	Insider Trading
May 01, 2024	10-Q	Quarterly Report

Peers (Alternatives to Lakeland Financial Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

Lakeland Financial Corp News

Latest updates

Lakeland Financial Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	0.1%	91.00	91.00	89.00	84.00	79.00	75.00	63.00	54.00	48.00	48.00	49.00	48.00	48.00	50.00	46.00	47.00	50.00	52.00	55.00	55.00	53.00
EBITDA Margin	-4.7%	0.87*	0.91*	0.97*	1.08*	1.26*	1.39*	1.51*	1.55*	1.57*	1.56*	1.55*	1.54*	-	-	-	-	-	-	-	-	-
Interest Expenses	-2.4%	47.00	49.00	48.00	49.00	52.00	57.00	52.00	49.00	45.00	45.00	46.00	44.00	44.00	45.00	40.00	40.00	39.00	39.00	40.00	38.00	38.00
Income Taxes	-31.6%	4.00	6.00	4.00	2.00	4.00	5.00	6.00	6.00	5.00	6.00	5.00	6.00	5.00	6.00	5.00	4.00	4.00	5.00	5.00	5.00	4.00
Earnings Before Taxes	-22.9%	28.00	36.00	30.00	16.00	28.00	31.00	35.00	31.00	28.00	30.00	30.00	30.00	28.00	31.00	28.00	24.00	21.00	28.00	27.00	27.00	26.00
EBT Margin	-3.5%	0.31*	0.32*	0.32*	0.37*	0.46*	0.52*	0.58*	0.60*	0.61*	0.61*	0.61*	0.61*	-	-	-	-	-	-	-	-	-
Net Income	-21.0%	23.00	30.00	25.00	15.00	24.00	26.00	29.00	26.00	24.00	24.00	24.00	24.00	23.00	25.00	23.00	20.00	17.00	22.00	21.00	22.00	22.00
Net Income Margin	-4.2%	0.26*	0.27*	0.28*	0.31*	0.39*	0.43*	0.48*	0.49*	0.50*	0.50*	0.49*	0.49*	-	-	-	-	-	-	-	-	-
Free Cashflow	-8.9%	23.00	26.00	49.00	8.00	25.00	33.00	42.00	42.00	47.00	27.00	25.00	34.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.7%	6,567	6,524	6,427	6,510	6,412	6,432	6,288	6,265	6,572	6,557	6,223	6,233	6,017	5,830	5,551	5,441	5,030	4,947	4,948	4,976	4,892
Cash Equivalents	-2.7%	148	152	146	173	154	130	205	170	475	683	557	573	502	250	129	126	133	99.00	137	196	189
Net PPE	0.0%	58.00	58.00	59.00	59.00	59.00	58.00	58.00	59.00	59.00	59.00	60.00	60.00	60.00	59.00	60.00	60.00	61.00	60.00	60.00	59.00	59.00
Goodwill	0%	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00
Liabilities	0.8%	5,920	5,874	5,870	5,918	5,810	5,863	5,769	5,703	5,963	5,852	5,540	5,555	5,365	5,173	4,914	4,820	4,424	4,349	4,364	4,410	4,349
Short Term Borrowings	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11.00	-	-	-	-	-	-	-
Long Term Debt	-100.0%	-	50.00	90.00	400	200	297	-	-	-	75.00	-	-	-	-	-	-	-	170	31.00	146	153
Shareholder's Equity	-0.4%	647	650	557	592	602	569	519	562	609	705	683	677	652	657	637	621	607	598	584	565	543
Retained Earnings	1.5%	703	693	675	661	659	646	630	612	597	583	568	552	536	529	512	497	485	475	-1.33	447	433
Shares Outstanding	0.3%	26.00	25.00	25.00	25.00	25.00	25.00	26.00	26.00	26.00	25.00	25.00	25.00	-	-	-	-	-	-	-	-	-
Minority Interest	0%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Float	-	-	-	-	1,189	-	-	-	1,614	-	-	-	1,482	-	-	-	1,111	-	-	-	1,129	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-6.5%	24,794	26,505	50,571	9,462	27,443	34,492	43,691	43,455	47,704	27,902	26,916	35,158	23,792	25,963	20,525	21,225	19,515	28,165	27,215	21,000	23,659
Share Based Compensation	-52.7%	880	1,861	2,185	-2,554	2,161	1,098	2,093	2,360	2,260	1,023	1,785	2,969	1,381	968	375	34.00	413	561	1,359	1,067	1,200
Cashflow From Investing	-90.1%	-61,859	-32,533	10,544	-83,303	50,360	-192,211	-40,467	-64,627	-329,219	-213,838	-53,419	-120,249	55,960	-166,297	-109,468	-406,506	-29,753	-47,237	-26,179	-72,497	-22,780
Cashflow From Financing	184.5%	32,928	11,572	-87,972	93,457	-54,564	83,199	32,063	-284,337	73,299	311,943	10,926	155,956	172,266	261,180	91,689	379,035	43,438	-18,122	-60,831	59,114	-29,048
Dividend Payments	4.4%	12,299	11,783	11,782	11,780	11,749	10,214	10,214	10,212	10,198	8,667	8,664	8,662	8,647	7,628	7,626	7,623	7,689	7,687	7,687	7,684	6,581
Buy Backs	147.6%	208	84.00	206	81.00	204	74.00	220	73.00	212	63.00	214	63.00	219	55.00	212	53.00	10,227	54.00	215	51.00	195

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LKFN Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest and fees on loans
Taxable	$ 82,042	$ 69,542
Tax exempt	900	901
Interest and dividends on securities
Taxable	3,039	3,513
Tax exempt	3,947	4,300
Other interest income	1,106	964
Total interest income	91,034	79,220
Interest on deposits	41,164	24,918
Interest on short-term borrowings	2,454	2,783
Total interest expense	43,618	27,701
NET INTEREST INCOME	47,416	51,519
Provision for credit losses	1,520	4,350
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	45,896	47,169
NONINTEREST INCOME
Wealth advisory fees	2,455	2,200
Investment brokerage fees	522	534
Service charges on deposit accounts	2,691	2,630
Loan and service fees	2,852	2,846
Merchant and interchange fee income	863	877
Bank owned life insurance income (loss)	1,036	691
Mortgage banking income (loss)	52	(99)
Net securities gains (losses)	(46)	16
Other income	2,187	619
Total noninterest income	12,612	10,314
NONINTEREST EXPENSE
Salaries and employee benefits	16,833	16,063
Net occupancy expense	1,740	1,572
Equipment costs	1,412	1,438
Data processing fees and supplies	3,839	3,452
Corporate and business development	1,381	1,431
FDIC insurance and other regulatory fees	789	795
Professional fees	2,463	2,121
Other expense	2,248	2,562
Total noninterest expense	30,705	29,434
INCOME BEFORE INCOME TAX EXPENSE	27,803	28,049
Income tax expense	4,402	3,771
NET INCOME	$ 23,401	$ 24,278
BASIC WEIGHTED AVERAGE COMMON SHARES (in shares)	25,657,063	25,583,026
BASIC EARNINGS PER COMMON SHARE (in dollars per share)	$ 0.91	$ 0.95
DILUTED WEIGHTED AVERAGE COMMON SHARES (in shares)	25,747,643	25,742,885
DILUTED EARNINGS PER COMMON SHARE (in dollars per share)	$ 0.91	$ 0.94

LKFN Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 55,533	$ 70,451
Short-term investments	92,154	81,373
Total cash and cash equivalents	147,687	151,824
Securities available-for-sale, at fair value	1,014,481	1,051,728
Securities held-to-maturity, at amortized cost (fair value of $115,467 and $119,215, respectively)	130,335	129,918
Real estate mortgage loans held-for-sale	1,659	1,158
Loans, net of allowance for credit losses of $73,180 and $71,972	4,924,379	4,844,562
Land, premises and equipment, net	57,890	57,899
Bank owned life insurance	110,067	109,114
Federal Reserve and Federal Home Loan Bank stock	21,420	21,420
Accrued interest receivable	30,793	30,011
Goodwill	4,970	4,970
Other assets	123,180	121,425
Total assets	6,566,861	6,524,029
LIABILITIES
Noninterest bearing deposits	1,254,200	1,353,477
Interest bearing deposits	4,363,885	4,367,048
Total deposits	5,618,085	5,720,525
Federal Home Loan Bank advances	200,000	50,000
Accrued interest payable	14,524	20,893
Other liabilities	87,243	82,818
Total liabilities	5,919,852	5,874,236
STOCKHOLDERS’ EQUITY
Common stock: 0 shares authorized, no par value 0 shares issued and 0 outstanding as of March 31, 2024 25,903,686 shares issued and 25,430,566 outstanding as of December 31, 2023	125,873	127,692
Retained earnings	703,330	692,760
Accumulated other comprehensive income (loss)	(166,913)	(155,195)
Treasury stock at cost (463,075 shares as of March 31, 2024, 473,120 shares as of December 31, 2023)	(15,370)	(15,553)
Total stockholders’ equity	646,920	649,704
Noncontrolling interest	89	89
Total equity	647,009	649,793
Total liabilities and equity	$ 6,566,861	$ 6,524,029

About Lakeland Financial Corp

Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services in the United States. The company accepts various deposit products, such as noninterest bearing, interest-bearing checking, savings, money market, NOW, and demand deposits. Its loan products include commercial and industrial, commercial real estate and multi-family residential, construction, agri-business and agricultural, consumer 1-4 family mortgage, and other consumer loans. The company also offers retail and merchant credit card services; corporate treasury management, wealth advisory, and trust services; retail brokerage services, including various financial and investment products, such as annuities and life insurance; and mobile business banking and on-line treasury management services. It serves commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and health care industries. The company was founded in 1872 and is headquartered in Warsaw, Indiana.

CEO	Mr. David M. Findlay
WEBSITE	lakecitybank.com
INDUSTRY	Banks Diversified
EMPLOYEES	632

Lakeland Financial Corp Frequently Asked Questions

What is the ticker symbol for Lakeland Financial Corp? What does LKFN stand for in stocks?

LKFN is the stock ticker symbol of Lakeland Financial Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Lakeland Financial Corp (LKFN)?

As of Fri May 17 2024, market cap of Lakeland Financial Corp is 1.61 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of LKFN stock?

You can check LKFN's fair value in chart for subscribers.

What is the fair value of LKFN stock?

You can check LKFN's fair value in chart for subscribers. The fair value of Lakeland Financial Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Lakeland Financial Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for LKFN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Lakeland Financial Corp a good stock to buy?

The fair value guage provides a quick view whether LKFN is over valued or under valued. Whether Lakeland Financial Corp is cheap or expensive depends on the assumptions which impact Lakeland Financial Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for LKFN.

What is Lakeland Financial Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, LKFN's PE ratio (Price to Earnings) is 17.36 and Price to Sales (PS) ratio is 4.54. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. LKFN PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Lakeland Financial Corp's stock?

In the past 10 years, Lakeland Financial Corp has provided 0.124 (multiply by 100 for percentage) rate of return.