KBW Keeps Their Hold Rating on Lakeland Financial (LKFN)
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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.
Lakeland Financial trades on the NASDAQ stock market under the symbol LKFN.
As of January 31, 2025, LKFN stock price climbed to $68.65 with 5,703 million shares trading.
LKFN has a beta of 0.75, meaning it tends to be less sensitive to market movements. LKFN has a correlation of 0.07 to the broad based SPY ETF.
LKFN has a market cap of $1.75 billion. This is considered a Small Cap stock.
Last quarter Lakeland Financial reported $64 million in Revenue and $.94 earnings per share. This beat revenue expectation by $480,000 and exceeded earnings estimates by $.04.
In the last 3 years, LKFN traded as high as $83.57 and as low as $43.05.
The top ETF exchange traded funds that LKFN belongs to (by Net Assets): IJR, VTI, IWM, SCHD, VXF.
LKFN has underperformed the market in the last year with a price return of -1.0% while the SPY ETF gained +25.5%. LKFN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +4.2% and +2.2%, respectively, while the SPY returned +5.3% and +2.9%, respectively.
LKFN support price is $66.70 and resistance is $69.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LKFN shares will trade within this expected range on the day.