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Lakeland Financial Corp (LKFN) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Lakeland Financial Corp (LKFN) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Lakeland Financial Corp is a bank holding company, which provides commercial, retail, wealth advisory and investment management services. Lakeland Financial Corp has a market cap of $1.22 billion; its shares were traded at around $48.44 with a P/E ratio of 15.52 and P/S ratio of 6.69. The dividend yield of Lakeland Financial Corp stocks is 2.15%.


For the last quarter Lakeland Financial Corp reported a revenue of $49.7 million, compared with the revenue of $44.85 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $191.4 million, an increase of 11.3% from last year. For the last five years Lakeland Financial Corp had an average revenue growth rate of 9.5% a year.

The reported diluted earnings per share was $3.13 for the year, an increase of 40.4% from previous year. Over the last five years Lakeland Financial Corp had an EPS growth rate of 13.3% a year. The profitability rank of the company is 3 (out of 10).

At the end of the fiscal year, Lakeland Financial Corp has the cash and cash equivalents of $216.9 million, compared with $176.2 million in the previous year. The long term debt was $200.9 million, compared with $111.0 million in the previous year. Lakeland Financial Corp has a financial strength rank of 4 (out of 10).

At the current stock price of $48.44, Lakeland Financial Corp is traded at 45.5% premium to its historical median P/S valuation band of $33.29. The P/S ratio of the stock is 6.69, while the historical median P/S ratio is 4.59. The stock gained 5.72% during the past 12 months.

Directors and Officers Recent Trades:

  • Director Thomas Hiatt bought 2,100 shares of LKFN stock on 02/07/2019 at the average price of $45.66. The price of the stock has increased by 6.09% since.
  • Executive Vice President Kristin Pruitt sold 1,500 shares of LKFN stock on 02/25/2019 at the average price of $48.41. The price of the stock has increased by 0.06% since.
  • Senior Vice President Jonathan P Steiner sold 1,991 shares of LKFN stock on 02/06/2019 at the average price of $45.19. The price of the stock has increased by 7.19% since.
  • EVP & CCO Michael E Gavin sold 5,000 shares of LKFN stock on 02/05/2019 at the average price of $45.43. The price of the stock has increased by 6.63% since.
  • Senior Vice President Batty Jill A De sold 3,672 shares of LKFN stock on 02/05/2019 at the average price of $45.39. The price of the stock has increased by 6.72% since.

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

This article first appeared on GuruFocus.