Lakeland Financial Corp (LKFN) Files 10-K for the Fiscal Year Ended on December 31, 2017

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Lakeland Financial Corp (LKFN) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. Lakeland Financial Corp is a bank holding company, which provides commercial, retail, wealth advisory and investment management services. Its wholly-owned subsidiary is Lake City Bank. Lakeland Financial Corp has a market cap of $1.13 billion; its shares were traded at around $45.27 with a P/E ratio of 20.22 and P/S ratio of 6.95. The dividend yield of Lakeland Financial Corp stocks is 1.94%. Lakeland Financial Corp had annual average EBITDA growth of 7.80% over the past ten years. GuruFocus rated Lakeland Financial Corp the business predictability rank of 3-star.


For the last quarter Lakeland Financial Corp reported a revenue of $44.9 million, compared with the revenue of $39.64 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $171.9 million, an increase of 13.6% from last year. For the last five years Lakeland Financial Corp had an average revenue growth rate of 8.4% a year.

The reported diluted earnings per share was $2.23 for the year, an increase of 8.8% from previous year. Over the last five years Lakeland Financial Corp had an EPS growth rate of 9.3% a year. The Lakeland Financial Corp enjoyed an operating margin of 52.14%, compared with the operating margin of 51.02% a year before. The 10-year historical median operating margin of Lakeland Financial Corp is 43.15%. The profitability rank of the company is 6 (out of 10).

At the end of the fiscal year, Lakeland Financial Corp has the cash and cash equivalents of $176.2 million, compared with $167.3 million in the previous year. The long term debt was $31.0 million, compared with $31.0 million in the previous year. The interest coverage to the debt is 3, which is not a favorable level. Lakeland Financial Corp has a financial strength rank of 4 (out of 10).

At the current stock price of $45.27, Lakeland Financial Corp is traded at 79.3% premium to its historical median P/S valuation band of $25.25. The P/S ratio of the stock is 6.95, while the historical median P/S ratio is 3.88. The intrinsic value of the stock is $30.18 a share, according to GuruFocus DCF Calculator. The stock gained 1.76% during the past 12 months.

Directors and Officers Recent Trades:

  • Director M Scott Welch bought 25,000 shares of LKFN stock on 02/06/2018 at the average price of $45.64. The price of the stock has decreased by 0.81% since.

  • Executive Vice President Kristin Pruitt sold 600 shares of LKFN stock on 02/16/2018 at the average price of $48.21. The price of the stock has decreased by 6.1% since.

  • EVP & CCO Michael E Gavin sold 4,558 shares of LKFN stock on 02/06/2018 at the average price of $45.95. The price of the stock has decreased by 1.48% since.

  • Senior Vice President Jonathan P Steiner sold 1,960 shares of LKFN stock on 02/06/2018 at the average price of $45.92. The price of the stock has decreased by 1.42% since.

  • Director Michael L Kubacki sold 22,355 shares of LKFN stock on 02/06/2018 at the average price of $46.06. The price of the stock has decreased by 1.72% since.

For the complete 20-year historical financial data of LKFN, click here.

This article first appeared on GuruFocus.


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