Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Lakeland Financial (LKFN) have what it takes?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Lakeland Financial (LKFN) have what it takes?
Lakeland Financial delivered strong Q2 results, with net profit up 5% and EPS rising 8% to $1.14. LKFN's robust loan book and reduced loan loss provisions drove improved profitability and a payout ratio below 50%. The stock trades at roughly 2x tangible book and 13-14x earnings, reflecting market appreciation for its quality metrics.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Curtis Ellergodt Rothschild Investment LLC | 24 | $1,459.79 | $1,511.04 | $51.25 | 3.51% |
| MV Michele Vadala TIMUCUAN ASSET MANAGEMENT Inc./FL | 210,411 | $10.08M | $13.1M | $3.02M | 29.95% |
| SN Stephanie Nee HARBOR CAPITAL ADVISORS Inc. | 169 | $10,516.42 | $10,432.37 | -$84.05 | -0.8% |
| BP Brian Poma Neumeier Poma Investment Counsel LLC | 497,399 | $30.19M | $30.96M | $773,827.2 | 2.56% |
| BG Bart Gancher Intech Investment Management LLC | 5,333 | $324,107.2 | $329,206.09 | $5,098.89 | 1.57% |
| Banks Industry | Financials Sector | David Findlay CEO | NASDAQ (NGS) Exchange | 511656100 CUSIP |
| US Country | 695 Employees | 24 Jul 2026 Last Dividend | 1 May 2006 Last Split | 15 Aug 1997 IPO Date |
Lakeland Financial Corporation operates as the parent company for Lake City Bank, providing a broad spectrum of banking products and services across the United States. Established in 1872 and based in Warsaw, Indiana, the institution has carved a niche in the financial industry by catering to a diverse clientele including businesses in commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and the health care sector.
The array of financial solutions offered by Lakeland Financial Corporation encompasses various deposit and loan products, alongside specialized services aimed at fulfilling the unique needs of its customers: