Upturn unsubscribed user
$1.14/ day, billed weekly
Cancel anytime
(Ad-Free, Unlimited access)​
NO CREDIT CARD REQUIRED
LKFN logo LKFN
Upturn stock ratingUpturn stock rating
LKFN logo

Lakeland Financial Corporation (LKFN)

Upturn stock ratingUpturn stock rating
$61.45
Last Close (24-hour delay)
Profit since last BUY-0.03%
upturn advisory
Consider higher Upturn Star rating
BUY since 33 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

06/30/2025: LKFN (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

5 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $66

1 Year Target Price $66

Analysts Price Target For last 52 week
$66Target price
Low$50
Current$61.45
high$77.31

Analysis of Past Performance

Type Stock
Historic Profit -1.56%
Avg. Invested days 43
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.57B USD
Price to earnings Ratio 17.56
1Y Target Price 66
Price to earnings Ratio 17.56
1Y Target Price 66
Volume (30-day avg) 5
Beta 0.6
52 Weeks Range 50.00 - 77.31
Updated Date 06/30/2025
52 Weeks Range 50.00 - 77.31
Updated Date 06/30/2025
Dividends yield (FY) 3.26%
Basic EPS (TTM) 3.5

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 38.16%
Operating Margin (TTM) 43.93%

Management Effectiveness

Return on Assets (TTM) 1.34%
Return on Equity (TTM) 13.44%

Valuation

Trailing PE 17.56
Forward PE 20.08
Enterprise Value 1450189696
Price to Sales(TTM) 6.65
Enterprise Value 1450189696
Price to Sales(TTM) 6.65
Enterprise Value to Revenue 6.51
Enterprise Value to EBITDA -
Shares Outstanding 25556900
Shares Floating 24749561
Shares Outstanding 25556900
Shares Floating 24749561
Percent Insiders 2.68
Percent Institutions 86.26

Analyst Ratings

Rating 3
Target Price 66
Buy 1
Strong Buy 1
Buy 1
Strong Buy 1
Hold 3
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Lakeland Financial Corporation

stock logo

Company Overview

overview logo History and Background

Lakeland Financial Corporation was founded in 1876 as the State Loan and Trust Company. Over time, it evolved into Lakeland Financial Corporation, operating primarily through its wholly-owned subsidiary, Lakeland Bank. It has grown through organic expansion and acquisitions, focusing on community banking in Northern and Central Indiana.

business area logo Core Business Areas

  • Commercial Banking: Provides a range of commercial banking services, including commercial lending, treasury management, and deposit accounts to businesses of various sizes.
  • Retail Banking: Offers retail banking services such as checking and savings accounts, mortgage lending, consumer loans, and wealth management to individuals and families.
  • Trust and Wealth Management: Provides trust and wealth management services, including investment management, estate planning, and fiduciary services.

leadership logo Leadership and Structure

The leadership team includes Lisa O'Neill as CEO and Kristina Scott as CFO. The organizational structure consists of various departments overseeing commercial banking, retail banking, trust and wealth management, and operations.

Top Products and Market Share

overview logo Key Offerings

  • Commercial Loans: Commercial loans constitute a significant portion of Lakeland's loan portfolio. Market share data is difficult to pinpoint exactly in their geography, but they hold a meaningful local share. Competitors include larger regional banks and national banks with a presence in Indiana (e.g., First Merchants Corporation, JPMorgan Chase).
  • Mortgage Lending: Mortgage lending is a key component of Lakeland's retail banking operations. The competitive landscape includes mortgage brokers, credit unions, and other banks (e.g., Ruoff Mortgage, Centier Bank).
  • Wealth Management: Lakeland offers wealth management services with revenue from advisory and management fees. Competitors include national brokerage firms and independent RIAs (e.g., Edward Jones, Raymond James).

Market Dynamics

industry overview logo Industry Overview

The banking industry is currently facing a dynamic environment with rising interest rates, increasing competition from fintech companies, and evolving regulatory landscape. Consolidation continues to be a trend.

Positioning

Lakeland Financial Corporation is positioned as a community-focused bank with a strong presence in Northern and Central Indiana. Its competitive advantages include its local market knowledge, customer relationships, and conservative lending practices.

Total Addressable Market (TAM)

The TAM for banking services in Indiana is estimated to be in the billions of dollars. Lakeland is positioned to capture a portion of this TAM through its community-focused approach and strong local presence.

Upturn SWOT Analysis

Strengths

  • Strong Local Market Presence
  • Experienced Management Team
  • Conservative Lending Practices
  • Solid Capital Base

Weaknesses

  • Geographic Concentration
  • Limited Scale Compared to Larger Banks
  • Dependence on Net Interest Income
  • Lack of fintech innovation

Opportunities

  • Expansion into New Markets within Indiana
  • Increased Wealth Management Business
  • Adoption of New Technologies
  • Acquisitions of smaller banks or credit unions

Threats

  • Rising Interest Rates
  • Increased Competition from Larger Banks and Fintech Companies
  • Economic Downturn
  • Regulatory Changes

Competitors and Market Share

competitor logo Key Competitors

  • FMBH
  • CFBK
  • HBNC

Competitive Landscape

Lakeland Financial Corporation faces competition from larger regional banks and national banks, as well as smaller community banks and credit unions. Its advantages include its local market knowledge, customer relationships, and conservative lending practices. Its disadvantages include its limited scale compared to larger competitors.

Major Acquisitions

Cardinal Financial Services, Inc.

  • Year: 2019
  • Acquisition Price (USD millions): 143.1
  • Strategic Rationale: Expanded Lakeland's presence in Central Indiana, complementing its existing footprint and providing opportunities for revenue synergies and cost savings.

Growth Trajectory and Initiatives

Historical Growth: Lakeland Financial Corporation has experienced steady growth over the past years, driven by organic expansion and acquisitions. This growth has been supported by its strong local market presence and conservative lending practices.

Future Projections: Future growth projections are dependent on economic conditions and company-specific initiatives. Analyst estimates suggest continued steady growth in the near term.

Recent Initiatives: Recent strategic initiatives include investments in technology, expansion of wealth management services, and exploration of potential acquisition opportunities.

Summary

Lakeland Financial Corporation demonstrates a solid market position in Northern and Central Indiana, supported by its local expertise and conservative financial approach. The company's consistent growth and strategic acquisitions signal its commitment to expansion. However, it faces challenges from larger competitors and evolving financial technologies and should continue to focus on efficiency and diversification for sustainable success.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Lakeland Financial Corporation Investor Relations
  • SEC Filings (10-K, 10-Q)
  • Analyst Reports
  • Company Press Releases

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be made based on individual circumstances and consultation with a qualified financial advisor. Market share data is based on approximations and available industry data and may not be exact.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Lakeland Financial Corporation

Exchange NASDAQ
Headquaters Warsaw, IN, United States
IPO Launch date 1997-08-15
Chairman & CEO Mr. David M. Findlay
Sector Financial Services
Industry Banks - Regional
Full time employees 647
Full time employees 647

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 commercial and consumer loans. The company also provides 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 online 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.