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1 Comment
Lakeland Financial Corporation is currently in a long term downtrend where the price is trading 2.3% below its 200 day moving average.
From a valuation standpoint, the stock is 7.3% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 8.4.
Lakeland Financial Corporation's total revenue rose by 13.0% to $56M since the same quarter in the previous year.
Its net income has increased by 10.8% to $25M since the same quarter in the previous year.
Finally, its free cash flow fell by 2.8% to $25M since the same quarter in the previous year.
Based on the above factors, Lakeland Financial Corporation gets an overall score of 3/5.
Exchange | NASDAQ |
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CurrencyCode | USD |
ISIN | US5116561003 |
Sector | Financial Services |
Industry | Banks - Regional |
Target Price | 68.2 |
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Dividend Yield | 3.6% |
PE Ratio | 15.04 |
Beta | 0.64 |
Market Cap | 1B |
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.
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