Lakeland Financial Corporation
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $49.23
- Today's High:
- $50.05
- Open Price:
- $49.27
- 52W Low:
- $42.6922
- 52W High:
- $81.6882
- Prev. Close:
- $49.62
- Volume:
- 63129
Company Statistics
- Market Cap.:
- $1.26 billion
- Book Value:
- 23.277
- Revenue TTM:
- $237.76 million
- Operating Margin TTM:
- 56.51%
- Gross Profit TTM:
- $235.37 million
- Profit Margin:
- 39.28%
- Return on Assets TTM:
- 1.46%
- Return on Equity TTM:
- 16.18%
Company Profile
Lakeland Financial Corporation had its IPO on 1997-08-15 under the ticker symbol LKFN.
The company operates in the Financial Services sector and Banks-Regional industry. Lakeland Financial Corporation has a staff strength of 632 employees.
Stock update
Shares of Lakeland Financial Corporation opened at $49.27 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $49.23 - $50.05, and closed at $49.76.
This is a +0.28% increase from the previous day's closing price.
A total volume of 63,129 shares were traded at the close of the day’s session.
In the last one week, shares of Lakeland Financial Corporation have slipped by -5.67%.
Lakeland Financial Corporation's Key Ratios
Lakeland Financial Corporation has a market cap of $1.26 billion, indicating a price to book ratio of 3.6414 and a price to sales ratio of 7.8887.
In the last 12-months Lakeland Financial Corporation’s revenue was $237.76 million with a gross profit of $235.37 million and an EBITDA of $0. The EBITDA ratio measures Lakeland Financial Corporation's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Lakeland Financial Corporation’s operating margin was 56.51% while its return on assets stood at 1.46% with a return of equity of 16.18%.
In Q2, Lakeland Financial Corporation’s quarterly earnings growth was a negative -43% while revenue growth was a positive 0.1%.
Lakeland Financial Corporation’s PE and PEG Ratio
- Forward PE
- 17.5747
- Trailing PE
- 13.6694
- PEG
- 2.04
Its diluted EPS in the last 12-months stands at $3.63 per share while it has a forward price to earnings multiple of 17.5747 and a PEG multiple of 2.04. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Lakeland Financial Corporation’s profitability.
Lakeland Financial Corporation stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 7.8887.
Lakeland Financial Corporation stock pays annual dividends of $1.78 per share, indicating a yield of 3.65% and a payout ratio of 49.04%.
Balance sheet and cash flow metrics
- Total Assets
- $6.51 billion
- Total Liabilities
- $9.83 million
- Operating Cash Flow
- $-83303000.00
- Capital Expenditure
- $1.67 million
- Dividend Payout Ratio
- 49.04%
Lakeland Financial Corporation ended 2024 with $6.51 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $6.51 billion while shareholder equity stood at $591.91 million.
Lakeland Financial Corporation ended 2024 with $0 in deferred long-term liabilities, $9.83 million in other current liabilities, 123367000.00 in common stock, $661.45 million in retained earnings and $4.97 million in goodwill. Its cash balance stood at $173.14 million and cash and short-term investments were $173.14 million. The company’s total short-term debt was $0 while long-term debt stood at $400.00 million.
Lakeland Financial Corporation’s total current assets stands at $200.54 million while long-term investments were $1.19 billion and short-term investments were $1.06 billion. Its net receivables were $27.40 million compared to accounts payable of $9.83 million and inventory worth $0.
In 2024, Lakeland Financial Corporation's operating cash flow was $-83303000.00 while its capital expenditure stood at $1.67 million.
Comparatively, Lakeland Financial Corporation paid $0.49 in dividends in 2024.
Other key metrics
- Current Trading Price
- $49.76
- 52-Week High
- $81.6882
- 52-Week Low
- $42.6922
- Analyst Target Price
- $56.25
Lakeland Financial Corporation stock is currently trading at $49.76 per share. It touched a 52-week high of $81.6882 and a 52-week low of $81.6882. Analysts tracking the stock have a 12-month average target price of $56.25.
Its 50-day moving average was $52.78 and 200-day moving average was $59.98 The short ratio stood at 18.78 indicating a short percent outstanding of 0%.
Around 346.9% of the company’s stock are held by insiders while 8326.4% are held by institutions.
Frequently Asked Questions About Lakeland Financial Corporation
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About
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.