LKFN
Lakeland Financial CorporationFinancial Services·Banks - Regional
$60.63
$1.5B market cap
Revenue
$211.5M
Free Cash Flow
$61.5M
Rev Growth
+0.0%
FCF Margin
29.1%
P/FCF
24.6x
EV/FCF
24.7x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services. 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, agri-business and agricultural, consumer 1-4 family mortgage, and other consumer loans. The company als
2-Year Price History
$59.90+4.3%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 104.9 | 32.6 | 32.6 | 26.5 | 34.7 | 30.0 | -4.7 | 65.7 | 75.1 | 25.5 | 34.7% | 0.9x | -- |
| Act | 2025-Q4 | 106.6 | 36.4 | 36.4 | 29.9 | 33.7 | 31.5 | -2.2 | 141.3 | 184.2 | 25.8 | 27.7% | 1.0x | -- |
Valuation & Metrics
Market Stats
Price$60.63
Market Cap$1.5B
Enterprise Value$1.5B
P/S Ratio7.1x
P/FCF24.6x
EV/FCF24.7x
FCF Margin (TTM)29.1%
FCF Yield4.1%
Dividend Yield (TTM)4.2%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$211.5M
Net Income$56.4M
Free Cash Flow$61.5M
Revenue Growth (YoY)+0.0%
EBITDA Margin32.6%
Net Margin26.7%
FCF Margin29.1%
CapEx % of Revenue3.3%
SBC % of Revenue2.3%
ROIC31.2%
WC Change % Rev3.7%
Interest Coverage1.0x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares2.0M
Days to Cover14.5
Change (vs Prior)-3.5%
Need at least 2 settlement dates for chart
Employees
Headcount647
Revenue / Employee$326,941
Gross Profit / Employee$212,522
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
47.2%(-2.5% YoY)
219 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
32.2%(-2.5% YoY)
11 filers
Vanguard, iShares, SPDR
Market makers
0.3%(-0.3% YoY)
5 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| BlackRock, Inc.Passive | $203M | $61.48 | −$1.4M | −$9.1M | -0.2% | $5.69T |
| Neuberger Berman Group LLC | $124M | $60.45 | +$21.8M | +$52.4M | -0.3% | $131.37B |
| STATE STREET CORPPassive | $79.1M | $57.54 | +$6.0M | +$4.7M | -0.2% | $2.89T |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $63.0M | $56.88 | +$62.5M | +$63.0M | — | $4.04T |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $49.9M | $60.98 | −$10.2M | −$7.4M | +0.7% | $645.81B |
| DIMENSIONAL FUND ADVISORS LPPassive | $38.6M | $59.69 | −$1.9M | −$5.2M | -0.4% | $480.92B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $36.5M | $56.03 | +$1.1M | +$876K | +2.3% | $1.61T |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | $36.5M | $49.87 | −$5.1M | −$17.6M | -0.3% | $13.84B |
| Copeland Capital Management, LLC | $34.8M | $49.75 | −$530K | −$7.7M | -1.3% | $4.50B |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $32.9M | $56.88 | +$32.6M | +$32.9M | — | $1.91T |
| NEUMEIER POMA INVESTMENT COUNSEL LLC | $27.4M | $60.01 | −$232K | +$176K | +1.3% | $1.21B |
| NFJ INVESTMENT GROUP, LLC | $26.0M | $53.60 | +$227K | +$17.3M | -0.8% | $2.61B |
| TWO SIGMA INVESTMENTS, LP | $20.5M | $56.41 | +$10.0M | +$16.6M | -0.9% | $117.03B |
| FULLER & THALER ASSET MANAGEMENT, INC. | $18.8M | $58.63 | +$41K | +$2.6M | -0.0% | $29.55B |
| BANK OF AMERICA CORP /DE/ | $18.4M | $58.20 | +$830K | +$10.5M | -0.1% | $1.36T |
| NORTHERN TRUST CORPPassive | $18.3M | $56.81 | −$630K | −$9.1M | -0.2% | $755.34B |
| BTIM Corp. | $17.4M | $58.30 | −$2.3M | +$17.4M | -0.6% | $12.16B |
| AMERIPRISE FINANCIAL INC | $16.9M | $56.31 | −$167K | −$2.0M | -0.1% | $430.96B |
| RAYMOND JAMES FINANCIAL INC | $16.8M | $65.00 | +$158K | −$3.0M | -0.0% | $322.69B |
| FMR LLC | $13.2M | $56.40 | +$2.0M | +$5.4M | -0.0% | $1.89T |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
-0.20%
avg per quarter
Holders (ex-self)
-0.19%
excl. this stock
Buyers (this Q)
-0.48%
92 buyers · $0.18B in
Sellers (this Q)
+0.15%
97 sellers · $0.05B out
alpha coverage: 91% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-6.9%
how holders react when this stock falls
On quiet Qs
-3.9%
−10% to +10% baseline
On rallies (+10%+)
-4.3%
how they react when this stock rises
Holders' portfolio flow this Q
+2.8%
inflows — adds are organic
Sellers' portfolio flow this Q
+5.4%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-4.1%
Holder mid (any stock)
-2.6%
Holder rally (any stock)
-5.6%
Biggest decreases this quarter
CHARLES SCHWAB INVESTMENT MANAGEMENT INC−$10.2Mα+0.7SILVERCREST ASSET MANAGEMENT GROUP LLC−$5.1Mα-0.3Allspring Global Investments Holdings, LLCexited−$2.4MBTIM Corp.−$2.3Mα-0.6Assenagon Asset Management S.A.exited−$2.3MDIMENSIONAL FUND ADVISORS LP−$1.9Mα-0.4MORGAN STANLEY−$1.7Mα-0.3GOLDMAN SACHS GROUP INC−$1.5Mα-0.2BlackRock, Inc.−$1.4Mα-0.2Verition Fund Management LLCexited−$1.3M
New buyers this quarter
Top-5 holders · 43.4%
BlackRock, Inc.--
Neuberger Berman Group LLC--
STATE STREET CORP--
VANGUARD CAPITAL MANAGEMENT LLC--
CHARLES SCHWAB INVESTMENT MANAGEMENT INC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Neuberger Berman Group LLC2.2MVICTORY CAPITAL MANAGEMENT INC4KAMERIPRISE FINANCIAL INC295KKAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC21GOLDMAN SACHS GROUP INC225KCHARLES SCHWAB INVESTMENT MANAGEMENT INC869KSILVERCREST ASSET MANAGEMENT GROUP LLC636KCopeland Capital Management, LLC606KMASSACHUSETTS FINANCIAL SERVICES CO /MA/—SEGALL BRYANT & HAMILL, LLC—
Analyst Coverage
Analyst Coverage
Price Targets
Last Year (2 analysts)$67.001050.0%
Current Price$60.63
Analyst Ratings
3
7
Buy: 3Hold: 7Consensus: Hold
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$1.44M
4 txns · 2 insiders · 25,296 sh
Sells ($, 12mo)
$1.53M
11 txns · 8 insiders · 24,396 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-05-06 | SELL | ROSS STEVEN D | director | 1,281 | $62.50 | $80K | $1.69M |
| 2026-05-05 | SELL | ROSS STEVEN D | director | 19 | $62.50 | $1K | $1.77M |
| 2026-05-01 | SELL | Ottinger Eric H | officer: Executive Vice President | 2,136 | $61.49 | $131K | $2.04M |
| 2026-03-12 | BUY | WELCH M SCOTT | director | 10,000 | $56.23 | $562K | $11.92M |
| 2026-03-09 | BUY | WELCH M SCOTT | director | 5,000 | $55.45 | $277K | $2.99M |
| 2026-02-27 | BUY | WELCH M SCOTT | director | 10,000 | $57.95 | $580K | $2.84M |
| 2026-02-23 | SELL | Toothaker Bradley J | director | 5,685 | $58.36 | $332K | $1.18M |
| 2026-02-04 | SELL | FINDLAY DAVID M | officer: CEO | 3,000 | $63.02 | $189K | $7.18M |
| 2026-02-04 | SELL | Leniski Stephanie R | officer: Executive Vice President | 1,665 | $62.75 | $104K | $524K |
| 2026-02-02 | SELL | Lahrman Brok A | officer: SVP, Chief Accounting Officer | 275 | $60.76 | $17K | $213K |
| 2026-02-02 | SELL | O'Neill Lisa M | officer: EVP & CFO | 2,900 | $60.74 | $176K | $2.07M |
| 2025-09-08 | BUY | BARTELS ROBERT E JR | director | 296 | $67.77 | $20K | $2.01M |
| 2025-08-25 | SELL | Ottinger Eric H | officer: Executive Vice President | 4,635 | $67.07 | $311K | $2.17M |
| 2025-07-30 | SELL | Clark Kyra E | officer: Senior Vice President | 300 | $67.00 | $20K | $644K |
| 2025-07-29 | SELL | O'Neill Lisa M | officer: EVP & CFO | 2,500 | $66.72 | $167K | $2.29M |
Order Flow (FINRA, ~3w lag)
10.3%retail-9.7pp
24.5%dark+4.8pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Lakeland Financial Corp: Metadata analysis shows standard reporting posture with zero substantive forensic triggers.
Overall Risk
2/10
Fraud
1/10
Dilution
1/10
Insolvency
1/10
Earnings Overstated
1/10
Hidden Liabilities
1/10
Legal
1/10
Audit Warnings
1/10
Hidden Upside
1/10
Contextually Acceptable
10/10