NasdaqGS:LKFN

Stock Analysis Report

Executive Summary

Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services.

Snowflake

Fundamentals

Flawless balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Lakeland Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.6%

NasdaqGS:LKFN

3.3%

US Banks

2.1%

US Market


1 Year Return

-14.6%

NasdaqGS:LKFN

-13.8%

US Banks

-0.04%

US Market

LKFN matched the Banks industry (-14.8%) over the past year.

LKFN underperformed the Market in United States of America which returned 0.2% over the past year.


Share holder returns

LKFNIndustryMarket
7 Day0.6%3.3%2.1%
30 Day-2.5%-7.0%-3.2%
90 Day-6.7%-2.3%2.8%
1 Year-12.4%-14.6%-11.3%-13.8%2.2%-0.04%
3 Year28.8%20.8%42.5%32.7%41.5%32.3%
5 Year85.6%66.3%54.2%37.6%55.0%37.8%

Price Volatility Vs. Market

How volatile is Lakeland Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Lakeland Financial undervalued based on future cash flows and its price relative to the stock market?

27%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Lakeland Financial's share price is below the future cash flow value, and at a moderate discount (> 20%).

Lakeland Financial's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Lakeland Financial is overvalued based on earnings compared to the US Banks industry average.

Lakeland Financial is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Lakeland Financial is poor value based on expected growth next year.


Price Based on Value of Assets

Lakeland Financial is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Lakeland Financial expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

0.02%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Lakeland Financial's revenue is expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).

Lakeland Financial's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Lakeland Financial's revenue growth is positive but not above the United States of America market average.

Lakeland Financial's earnings growth is positive but not above the United States of America market average.

Lakeland Financial's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Lakeland Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Lakeland Financial performed over the past 5 years?

14.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Lakeland Financial's year on year earnings growth rate has been positive over the past 5 years.

Lakeland Financial's 1-year earnings growth exceeds its 5-year average (29.4% vs 14.5%)

Lakeland Financial's earnings growth has not exceeded the US Banks industry average in the past year (29.4% vs 33.2%).


Return on Equity

Lakeland Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Lakeland Financial used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Lakeland Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Lakeland Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Lakeland Financial has an acceptable proportion of non-loan assets held.

Lakeland Financial has a sufficient allowance for bad loans.

Lakeland Financial's liabilities are made up of primarily low risk sources of funding.

Lakeland Financial's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Lakeland Financial are broadly funded by customer deposits.

Lakeland Financial has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Lakeland Financial's current dividend yield, its reliability and sustainability?

2.77%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Lakeland Financial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Lakeland Financial's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Lakeland Financial's salary, the management and board of directors tenure and is there insider trading?

5.3yrs

Average management tenure


CEO

David Findlay (57yo)

5.3yrs

Tenure

US$1,604,171

Compensation

Mr. David M. Findlay has been the Chief Executive Officer and President at Lakeland Financial Corp. and its subsidiary Lake City Bank since April 8, 2014 and September 2010 respectively. Mr. Findlay served ...


CEO Compensation Analysis

David's remuneration is lower than average for companies of similar size in United States of America.

David's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.3yrs

Average Tenure

51yo

Average Age

The average tenure for the Lakeland Financial management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

9.0yrs

Average Tenure

61.5yo

Average Age

The tenure for the Lakeland Financial board of directors is about average.


Insider Trading

More shares have been bought than sold by Lakeland Financial individual insiders in the past 3 months.


Recent Insider Transactions

SellUS$473,15022 Aug 19
Michael Kubacki
EntityIndividual
Role
Chairman of the Board
Chairman
Shares10,944
Max PriceUS$43.23
BuyUS$425,10015 Aug 19
M. Welch
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares10,000
Max PriceUS$42.51
BuyUS$22,40005 Aug 19
Lisa O'Neill
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares500
Max PriceUS$44.81
SellUS$73,60002 Aug 19
Kristin Pruitt
EntityIndividual
Role
Chief Administrative Officer
Executive VP
Shares1,600
Max PriceUS$46.00
SellUS$201,60001 May 19
Jill DeBatty
EntityIndividual
Role
Head of Human Resources
Senior VP & People Development Director
Shares4,200
Max PriceUS$48.00
SellUS$109,02018 Mar 19
Eric Ottinger
EntityIndividual
Role
Senior Key Executive
Executive VP & Head of Commercial Banking
Shares2,276
Max PriceUS$47.92
SellUS$72,61526 Feb 19
Kristin Pruitt
EntityIndividual
Role
Chief Administrative Officer
Executive VP
Shares1,500
Max PriceUS$48.41
BuyUS$95,88608 Feb 19
Thomas Hiatt
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,100
Max PriceUS$45.66
SellUS$89,97407 Feb 19
Jonathan Steiner
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Wealth Advisory Group & Brokerage
Shares1,991
Max PriceUS$45.20
SellUS$227,15306 Feb 19
Michael Gavin
EntityIndividual
Shares5,000
Max PriceUS$45.45
SellUS$166,67206 Feb 19
Jill DeBatty
EntityIndividual
Role
Head of Human Resources
Senior VP & People Development Director
Shares3,672
Max PriceUS$45.39
BuyUS$231,48614 Dec 18
Kevin Deardorff
EntityIndividual
Role
Senior Key Executive
Executive VP & Head of Retail Banking
Shares5,582
Max PriceUS$41.47
BuyUS$374,30113 Dec 18
M. Welch
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares8,750
Max PriceUS$42.78
BuyUS$339,60012 Dec 18
Welch Packaging Group, Inc.
EntityCompany
Shares8,000
Max PriceUS$42.45
BuyUS$5,39307 Nov 18
Brian Smith
EntityIndividual
Role
Member of the Board of Directors
Director
Shares124
Max PriceUS$43.49
BuyUS$43,03501 Nov 18
Darrianne Christian
EntityIndividual
Shares1,000
Max PriceUS$43.03
BuyUS$257,46001 Nov 18
Welch Packaging Group, Inc.
EntityCompany
Shares6,000
Max PriceUS$43.61
BuyUS$337,96830 Oct 18
M. Welch
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares8,000
Max PriceUS$42.25
SellUS$87,85812 Sep 18
Jill DeBatty
EntityIndividual
Role
Head of Human Resources
Senior VP & People Development Director
Shares1,800
Max PriceUS$48.81

Ownership Breakdown


Management Team

  • David Findlay (57yo)

    President

    • Tenure: 5.3yrs
    • Compensation: US$1.60m
  • Kevin Deardorff (57yo)

    Executive VP & Head of Retail Banking

    • Tenure: 18.6yrs
    • Compensation: US$611.01k
  • Jill DeBatty

    Senior VP & People Development Director

    • Tenure: 0.0yrs
  • Lisa O'Neill (51yo)

    Executive VP & CFO

    • Tenure: 5.3yrs
    • Compensation: US$603.37k
  • Kristin Pruitt (47yo)

    Executive VP

    • Tenure: 1.8yrs
    • Compensation: US$647.26k
  • Eric Ottinger (49yo)

    Executive VP & Head of Commercial Banking

    • Tenure: 17.3yrs
    • Compensation: US$725.23k
  • Jon Steiner (57yo)

    Senior Vice President of Wealth Advisory Group & Brokerage

    • Tenure: 9.5yrs
  • Tina Rensberger

    Executive Administrative Assistant

    • Tenure: 0.0yrs
  • Brok Lahrman (33yo)

    Chief Accounting Officer & Senior VP of Finance

    • Tenure: 0.4yrs

Board Members

  • David Findlay (57yo)

    President

    • Tenure: 5.3yrs
    • Compensation: US$1.60m
  • Mike Kubacki (67yo)

    Chairman

    • Tenure: 16.1yrs
    • Compensation: US$138.91k
  • Tom Hiatt (71yo)

    Director

    • Tenure: 12.6yrs
    • Compensation: US$108.91k
  • M. Welch (59yo)

    Lead Independent Director

    • Tenure: 7.0yrs
    • Compensation: US$108.91k
  • Steven Ross (64yo)

    Director

    • Tenure: 19.6yrs
    • Compensation: US$108.91k
  • Emily Pichon (55yo)

    Director

    • Tenure: 17.6yrs
    • Compensation: US$98.91k
  • Dan Evans (69yo)

    Director

    • Tenure: 9.1yrs
    • Compensation: US$108.91k
  • Blake Augsburger (56yo)

    Director

    • Tenure: 8.0yrs
    • Compensation: US$98.91k
  • Ron Truex (68yo)

    Director

    • Tenure: 8.8yrs
    • Compensation: US$98.91k
  • Brian Smith (54yo)

    Director

    • Tenure: 8.1yrs
    • Compensation: US$113.91k

Company Information

Lakeland Financial Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Lakeland Financial Corporation
  • Ticker: LKFN
  • Exchange: NasdaqGS
  • Founded: 1872
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$1.102b
  • Shares outstanding: 25.62m
  • Website: https://www.lakecitybank.com

Number of Employees


Location

  • Lakeland Financial Corporation
  • 202 East Center Street
  • PO Box 1387
  • Warsaw
  • Indiana
  • 46581
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LKFNNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDDec 1993

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 23:38
End of Day Share Price2019/08/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.