Lakeland Financial CorpLKFN
LKFN
About: Lakeland Financial Corp is a bank holding company. It provides commercial, retail, wealth advisory, and investment management services. Lakeland offers a broad range of products and services throughout its Northern and Central Indiana markets. The company offers commercial and consumer banking services, as well as trust and wealth management, brokerage, and treasury management commercial services. It serves a wide variety of industries including, among others, commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and healthcare.
Employees: 655
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
2,600% more call options, than puts
Call options by funds: $189K | Put options by funds: $7K
94% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 18
8% more funds holding
Funds holding: 217 [Q2] → 234 (+17) [Q3]
5% more capital invested
Capital invested by funds: $1.32B [Q2] → $1.39B (+$72M) [Q3]
0.47% less ownership
Funds ownership: 84.15% [Q2] → 83.68% (-0.47%) [Q3]
1% less repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 81
33% less funds holding in top 10
Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for LKFN.
Financial journalist opinion
Neutral
GlobeNewsWire
1 month ago
Lake City Bank Promotes Carrie A. Gutman to Chief Wealth Advisory Officer
WARSAW, Ind., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Lake City Bank is pleased to announce that it has promoted Carrie A. Gutman, Senior Vice President, Chief Fiduciary Officer, to Chief Wealth Advisory Officer. Gutman, 54, will join the bank's Management Committee and succeeds Jonathan P. Steiner, Senior Vice President, Chief Wealth Advisory Officer, who will retire on December 6, 2024 after a 40-year career in banking and the last 14 years with Lake City Bank.
Neutral
Zacks Investment Research
1 month ago
Lakeland Financial (LKFN) Reports Q3 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Lakeland Financial (LKFN) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
1 month ago
Lakeland Financial (LKFN) Q3 Earnings and Revenues Beat Estimates
Lakeland Financial (LKFN) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.98 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
Lakeland Financial Reports Third Quarter Net Income of $23.3 Million, Organic Loan Growth of 5% and Organic Deposit Growth of 4%
WARSAW, Ind., Oct. 25, 2024 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported net income of $23.3 million for the three months ended September 30, 2024, which represents a decrease of $1.9 million, or 8%, compared with net income of $25.3 million for the three months ended September 30, 2023. Diluted earnings per share were $0.91 for the third quarter of 2024 and decreased $0.07, or 7%, compared to $0.98 for the third quarter of 2023. On a linked quarter basis, net income increased $789,000, or 3%, from second quarter 2024 net income of $22.5 million. Diluted earnings per share increased $0.04, or 5%, from $0.87 on a linked quarter basis.
Neutral
GlobeNewsWire
3 months ago
Lake City Bank Expands Downtown Campus with Building Acquisition to become the Innovation and Technology Center
WARSAW, Ind., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Lake City Bank has purchased the 35,600 square foot three story office building at 122 E. Center Street, Warsaw, IN on August 30, 2024. The office building will significantly expand the bank's Warsaw Campus and support the continued growth of Lake City Bank. The newly acquired building will be substantially renovated and modernized and will be renamed the Lake City Bank Innovation and Technology Center. Lake City Bank has been headquartered in Warsaw since the bank was founded in 1872 and employs 279 employees in the Downtown Warsaw Campus, representing the largest employer in Downtown Warsaw.
Neutral
Zacks Investment Research
4 months ago
Compared to Estimates, Lakeland Financial (LKFN) Q2 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Lakeland Financial (LKFN) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Negative
Zacks Investment Research
4 months ago
Lakeland Financial (LKFN) Misses Q2 Earnings Estimates
Lakeland Financial (LKFN) came out with quarterly earnings of $0.74 per share, missing the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.57 per share a year ago.
Neutral
GlobeNewsWire
4 months ago
Lakeland Financial Reports Second Quarter Net Income of $22.5 million, and Reaches $5.0 Billion in Total Loans, Representing 5% Annual Average Loan Growth
WARSAW, Ind., July 25, 2024 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported net income of $22.5 million for the three months ended June 30, 2024, which represents an increase of $7.9 million, or 54%, compared with net income of $14.6 million for the three months ended June 30, 2023. Diluted earnings per share were $0.87 for the second quarter of 2024 and increased 53% compared to $0.57 for the second quarter of 2023. On a linked quarter basis, net income decreased $852,000, or 4%, from first quarter 2024 net income of $23.4 million and diluted earnings per share decreased $0.04 or 4% from $0.91 at March 31, 2024.
Neutral
Zacks Investment Research
7 months ago
Lakeland Financial (LKFN) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Lakeland Financial (LKFN) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Neutral
GlobeNewsWire
7 months ago
Lakeland Financial Reports First Quarter Net Income of $23.4 Million and 5% Annualized Average Loan Growth
WARSAW, Ind., April 25, 2024 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported net income of $23.4 million for the three months ended March 31, 2024, which represents a decrease of $877,000, or 4%, compared with net income of $24.3 million for the three months ended March 31, 2023. Diluted earnings per share were $0.91 for the first quarter of 2024 and decreased 3% compared to $0.94 for the first quarter of 2023. On a linked quarter basis, net income decreased $6.2 million, or 21%, from fourth quarter 2023 net income of $29.6 million. Diluted earnings per share decreased from $1.16, or 22%.
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