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Lakeland Financial Corporation (LKFN)

Stock Price: $49.22 USD 1.85 (3.91%)
Updated Aug 7, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 1.27B
Revenue (ttm) 187.29M
Net Income (ttm) 80.62M
Shares Out 25.71M
EPS (ttm) 3.13
PE Ratio 15.73
Forward PE 16.16
Dividend $1.20
Dividend Yield 2.44%

Stock Quote

Trading Day Aug 7, 2020
Last Price $49.22
Previous Close $47.37
Change ($) 1.85
Change (%) 3.91%
Day's Open 47.25
Day's Range 46.90 - 49.52
Day's Volume 231,656
52-Week Range 30.49 - 50.00

More Stats

Market Cap 1.27B
Enterprise Value 1.25B
Earnings Date (est) Oct 26, 2020
Ex-Dividend Date Jul 23, 2020
Shares Outstanding 25.71M
Float 24.15M
EPS (basic) 3.15
EPS (diluted) 3.13
FCF / Share 3.49
Dividend $1.20
Dividend Yield 2.44%
Earnings Yield 6.36%
FCF Yield 7.01%
Payout Ratio 38.10%
Shares Short 1.48M
Short Ratio 9.77
Short % of Float 6.13%
Beta 0.98
PE Ratio 15.73
Forward PE 16.16
P/FCF Ratio 14.27
PS Ratio 6.76
PB Ratio 1.96
Revenue 187.29M
Operating Income 99.26M
Net Income 80.62M
Free Cash Flow 88.65M
Net Cash 15.84M
Net Cash / Share 0.62
Gross Margin 105.08%
Operating Margin 53.00%
Profit Margin 43.00%
FCF Margin 47.33%
ROA 1.55%
ROE 13.59%
ROIC 2.00%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (4)

Buy 0
Overweight 0
Hold 4
Underweight 0
Sell 0

Analyst Consensus: Hold

Price Target

$43.33*
(-11.97% downside)
Low
39.0
Current: $49.22
High
46.0
Target: 43.33
*Average 12-month price target from 3 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue19718516915013713212111010090.22
Revenue Growth6.28%9.61%12.48%9.31%3.82%9.23%9.84%9.79%11.38%-
Gross Profit19718516915013713212111010090.22
Operating Income10798.9489.6377.2269.2066.1958.4052.5845.3836.78
Net Income87.0580.4157.3352.0846.3743.8138.8435.3930.6624.54
Shares Outstanding25.5925.2925.1825.0624.9324.8024.6524.4924.3124.18
Earnings Per Share3.383.132.232.051.841.741.551.431.250.88
EPS Growth7.99%40.36%8.78%11.41%5.75%12.04%8.37%14.37%42.39%-
Dividend Per Share1.161.100.850.730.630.550.380.560.410.41
Dividend Growth5.45%29.41%16.92%15.4%15.17%43.95%-31.78%34.87%0%-
Operating Cash Flow10010577.2462.2055.7854.3862.9750.5951.4045.70
Capital Expenditures-7.98-7.51-9.57-9.80-8.47-6.33-7.50-2.90-6.63-3.03
Free Cash Flow92.0697.4767.6752.4047.3248.0555.4647.7044.7842.67
Cash & Equivalents99.3821717616780.6790.6463.1123210560.14
Total Debt170276182261171191293168188220
Net Cash / Debt-70.62-59.56-5.43-93.73-89.91-101-23064.39-83.37-160
Assets4,9474,8754,6834,2903,7663,4433,1763,0642,8902,682
Liabilities4,3494,3544,2143,8633,3733,0822,8542,7662,6162,435
Book Value598522469427393361322298273247
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Lakeland Financial Corporation
Country United States
Employees 574
CEO David M. Findlay

Stock Information

Ticker Symbol LKFN
Stock Exchange NASDAQ
Sector Financial Services
Industry Banks—Regional
Unique Identifier NASDAQ: LKFN
IPO Date August 15, 1997

Description

Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services. 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, 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 Internet 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. As of March 19, 2020, the company operated 50 offices in Northern and Central Indiana. Lakeland Financial Corporation was founded in 1872 and is headquartered in Warsaw, Indiana.