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LKFN

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

61.66USD+1.43 (+2.37%)Market Closed

Market Summary

LKFN
USD61.66+1.43
Market Closed
2.37%

LKFN Stock Price

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LKFN RSI Chart

LKFN Valuation

Market Cap

1.6B

Price/Earnings (Trailing)

16.93

Price/Sales (Trailing)

4.43

EV/EBITDA

4.77

Price/Free Cashflow

14.84

LKFN Price/Sales (Trailing)

LKFN Profitability

EBT Margin

31.00%

Return on Equity

14.36%

Return on Assets

1.41%

Free Cashflow Yield

6.74%

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

-0.1%

Last 90 days

-1.8%

Trailing 12 Months

12.3%

How does LKFN drawdown profile look like?

LKFN Financial Health

Debt/Equity

0.08

Debt/Cashflow

2.23

LKFN Investor Care

Dividend Yield

3.02%

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
YearQ1Q2Q3Q4
2024355.1M000
2023270.8M301.6M327.7M343.3M
2022193.3M199.3M212.5M239.6M
2021190.6M191.4M194.8M193.2M
2020212.2M204.4M195.6M193.1M
2019206.4M212.2M216.6M215.2M
2018173.6M181.6M189.4M199.0M
2017143.9M150.3M157.8M165.7M
2016126.1M130.2M134.3M139.0M
2015118.7M119.7M120.9M122.5M
2014109.7M112.5M115.3M117.3M
2013110.9M108.1M106.4M107.7M
2012120.9M119.6M117.8M114.4M
2011124.0M123.8M123.1M121.9M
20100118.7M121.1M123.5M
2009000116.3M
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Tracking the Latest Insider Buys and Sells of Lakeland Financial Corp

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
May 09, 2024
pruitt kristin
sold (taxes)
-55,205
62.52
-883
president
May 09, 2024
pruitt kristin
acquired
-
-
2,000
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

1–10 of 50

Which funds bought or sold LKFN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
May 29, 2024
Clean Yield Group
unchanged
-
870
49,740
0.02%
May 29, 2024
Pathway Financial Advisers, LLC
new
-
664,071
664,071
0.24%
May 28, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
10,000
538,000
-%
May 24, 2024
Cetera Investment Advisers
added
43.35
444,017
1,411,310
-%
May 16, 2024
HANCOCK WHITNEY CORP
reduced
-1.84
-183
201,812
0.01%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-5.09
-59,314
1,682,800
-%
May 16, 2024
JANE STREET GROUP, LLC
added
86.62
910,761
1,923,410
-%
May 16, 2024
COMERICA BANK
reduced
-7.16
-60,527
1,039,180
-%
May 15, 2024
Alpha DNA Investment Management LLC
new
-
533,212
533,212
0.20%
May 15, 2024
PRELUDE CAPITAL MANAGEMENT, LLC
new
-
302,419
302,419
0.02%

1–10 of 48

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 FiledName of FilerPercent of ClassNo. of SharesForm 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 20, 2024
4/A
Insider Trading
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

Peers (Alternatives to Lakeland Financial Corp)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
557.0B
180.9B
-3.62% 34.86%
11.06
3.08
60.42% 19.83%
308.2B
137.9B
3.14% 34.05%
12.31
2.24
56.12% -12.56%
199.8B
88.5B
-6.46% 34.35%
10.64
2.26
42.28% 26.14%
114.6B
140.1B
-5.35% 23.25%
14.34
0.82
54.53% -
16.0B
10.4B
-2.17% 24.77%
11.18
1.54
26.22% -33.87%
12.9B
8.1B
-7.73% 31.01%
14.81
1.59
32.15% -50.93%
MID-CAP
6.4B
4.2B
-8.61% 13.20%
9.27
1.52
34.68% -45.96%
6.3B
4.1B
-3.44% 42.53%
9.96
1.54
32.93% -30.73%
3.4B
1.3B
-1.82% 34.94%
11.88
2.56
30.60% -12.99%
3.1B
2.0B
-7.59% 17.79%
19.19
1.51
47.11% -59.32%
SMALL-CAP
497.6M
120.2M
6.68% 49.76%
19.02
4.14
45.65% -13.98%
413.1M
173.1M
4.39% 12.61%
14.16
2.39
26.54% -34.86%
370.2M
176.1M
-8.86% 3.08%
37.24
2.1
35.14% -73.84%
271.4M
98.7M
-6.56% -9.61%
9.22
2.75
6.27% -22.90%
41.0M
62.5M
-10.49% -13.09%
-13.86
0.66
18.83% -145.18%

Lakeland Financial Corp News

Latest updates
Defense World11 Jun 202408:48 am

Lakeland Financial Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue0.1%91.0091.0089.0084.0079.0075.0063.0054.0048.0048.0049.0048.0048.0050.0046.0047.0050.0052.0055.0055.0053.00
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%47.0049.0048.0049.0052.0057.0052.0049.0045.0045.0046.0044.0044.0045.0040.0040.0039.0039.0040.0038.0038.00
Income Taxes-31.6%4.006.004.002.004.005.006.006.005.006.005.006.005.006.005.004.004.005.005.005.004.00
Earnings Before Taxes-22.9%28.0036.0030.0016.0028.0031.0035.0031.0028.0030.0030.0030.0028.0031.0028.0024.0021.0028.0027.0027.0026.00
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%23.0030.0025.0015.0024.0026.0029.0026.0024.0024.0024.0024.0023.0025.0023.0020.0017.0022.0021.0022.0022.00
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%23.0026.0049.008.0025.0033.0042.0042.0047.0027.0025.0034.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets0.7%6,5676,5246,4276,5106,4126,4326,2886,2656,5726,5576,2236,2336,0175,8305,5515,4415,0304,9474,9484,9764,892
    Cash Equivalents-2.7%14815214617315413020517047568355757350225012912613399.00137196189
  Net PPE0.0%58.0058.0059.0059.0059.0058.0058.0059.0059.0059.0060.0060.0060.0059.0060.0060.0061.0060.0060.0059.0059.00
  Goodwill0%5.005.005.005.005.005.005.005.005.005.005.005.005.005.005.005.005.005.005.005.005.00
Liabilities0.8%5,9205,8745,8705,9185,8105,8635,7695,7035,9635,8525,5405,5555,3655,1734,9144,8204,4244,3494,3644,4104,349
  Short Term Borrowings--------------11.00-------
  Long Term Debt-100.0%-50.0090.00400200297---75.00-------17031.00146153
Shareholder's Equity-0.4%647650557592602569519562609705683677652657637621607598584565543
  Retained Earnings1.5%703693675661659646630612597583568552536529512497485475-1.33447433
Shares Outstanding0.3%26.0025.0025.0025.0026.0025.0026.0026.0026.0025.0025.0025.00---------
Minority Interest0%0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Float----1,189---1,614---1,482---1,111---1,129-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-6.5%24,79426,50550,5719,46227,44334,49243,69143,45547,70427,90226,91635,15823,79225,96320,52521,22519,51528,16527,21521,00023,659
  Share Based Compensation-52.7%8801,8612,185-2,5542,1611,0982,0932,3602,2601,0231,7852,9691,38196837534.004135611,3591,0671,200
Cashflow From Investing-90.1%-61,859-32,53310,544-83,30350,360-192,211-40,467-64,627-329,219-213,838-53,419-120,24955,960-166,297-109,468-406,506-29,753-47,237-26,179-72,497-22,780
Cashflow From Financing184.5%32,92811,572-87,97293,457-54,56483,19932,063-284,33773,299311,94310,926155,956172,266261,18091,689379,03543,438-18,122-60,83159,114-29,048
  Dividend Payments4.4%12,29911,78311,78211,78011,74910,21410,21410,21210,1988,6678,6648,6628,6477,6287,6267,6237,6897,6877,6877,6846,581
  Buy Backs147.6%20884.0020681.0020474.0022073.0021263.0021463.0021955.0021253.0010,22754.0021551.00195
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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 exempt900901
Interest and dividends on securities  
Taxable3,0393,513
Tax exempt3,9474,300
Other interest income1,106964
Total interest income91,03479,220
Interest on deposits41,16424,918
Interest on short-term borrowings2,4542,783
Total interest expense43,61827,701
NET INTEREST INCOME47,41651,519
Provision for credit losses1,5204,350
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES45,89647,169
NONINTEREST INCOME  
Wealth advisory fees2,4552,200
Investment brokerage fees522534
Service charges on deposit accounts2,6912,630
Loan and service fees2,8522,846
Merchant and interchange fee income863877
Bank owned life insurance income (loss)1,036691
Mortgage banking income (loss)52(99)
Net securities gains (losses)(46)16
Other income2,187619
Total noninterest income12,61210,314
NONINTEREST EXPENSE  
Salaries and employee benefits16,83316,063
Net occupancy expense1,7401,572
Equipment costs1,4121,438
Data processing fees and supplies3,8393,452
Corporate and business development1,3811,431
FDIC insurance and other regulatory fees789795
Professional fees2,4632,121
Other expense2,2482,562
Total noninterest expense30,70529,434
INCOME BEFORE INCOME TAX EXPENSE27,80328,049
Income tax expense4,4023,771
NET INCOME$ 23,401$ 24,278
BASIC WEIGHTED AVERAGE COMMON SHARES (in shares)25,657,06325,583,026
BASIC EARNINGS PER COMMON SHARE (in dollars per share)$ 0.91$ 0.95
DILUTED WEIGHTED AVERAGE COMMON SHARES (in shares)25,747,64325,742,885
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 investments92,15481,373
Total cash and cash equivalents147,687151,824
Securities available-for-sale, at fair value1,014,4811,051,728
Securities held-to-maturity, at amortized cost (fair value of $115,467 and $119,215, respectively)130,335129,918
Real estate mortgage loans held-for-sale1,6591,158
Loans, net of allowance for credit losses of $73,180 and $71,9724,924,3794,844,562
Land, premises and equipment, net57,89057,899
Bank owned life insurance110,067109,114
Federal Reserve and Federal Home Loan Bank stock21,42021,420
Accrued interest receivable30,79330,011
Goodwill4,9704,970
Other assets123,180121,425
Total assets6,566,8616,524,029
LIABILITIES  
Noninterest bearing deposits1,254,2001,353,477
Interest bearing deposits4,363,8854,367,048
Total deposits5,618,0855,720,525
Federal Home Loan Bank advances200,00050,000
Accrued interest payable14,52420,893
Other liabilities87,24382,818
Total liabilities5,919,8525,874,236
STOCKHOLDERS’ EQUITY  
Common stock: 0 shares authorized, no par value 0 shares issued and 0 outstanding as of March 31, 2024 25,903,686 shares issued and 25,430,566 outstanding as of December 31, 2023125,873127,692
Retained earnings703,330692,760
Accumulated other comprehensive income (loss)(166,913)(155,195)
Treasury stock at cost (463,075 shares as of March 31, 2024, 473,120 shares as of December 31, 2023)(15,370)(15,553)
Total stockholders’ equity646,920649,704
Noncontrolling interest8989
Total equity647,009649,793
Total liabilities and equity$ 6,566,861$ 6,524,029
LKFN
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
 WEBSITElakecitybank.com
 INDUSTRYBanks Diversified
 EMPLOYEES632

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 Wed Jun 12 2024, market cap of Lakeland Financial Corp is 1.57 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 Wed Jun 12 2024, LKFN's PE ratio (Price to Earnings) is 16.93 and Price to Sales (PS) ratio is 4.43. 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 0.116 (multiply by 100 for percentage) rate of return.