Lakeland Financial Corporation (LKFN)

Lakeland Financial Corp. released its third-quarter 2025 earnings, reporting a 13% increase in net income year-over-year to $26.4 million, but diluted EPS of $1.03 slightly missed analyst estimates. The company announced a quarterly dividend of $0.50, payable on November 5, 2025. LKFN shares passed above their 200-day moving average. Analysts generally maintain a "Hold" rating for the stock, with an average price target of $70.00.

Lakeland Financial Corp. experiences demand seasonality, particularly concerning its deposit base, with a seasonal reduction in public funds deposits impacting core deposits in the first and third quarters of 2025. Despite these seasonal fluctuations, public funds deposits have shown annual growth, partly due to the addition of new public funds customers.

Lakeland Financial Corp., operating as the bank holding company for Lake City Bank, is categorized within the Financials sector and the Regional Banks industry, providing commercial and consumer banking, wealth management, and trust services. It offers commercial loans, lines of credit, equipment financing, treasury management services, and digital banking solutions, focusing on middle-market businesses, manufacturers, and agricultural enterprises. For individual consumers, Lake City Bank provides personal banking services such as checking and savings accounts, mortgage loans, home equity products, and investment services through its Wealth Advisory Group.

Lakeland Financial Corp. operates exclusively within Northern and Central Indiana, maintaining a network of 55 branch offices across this region.

Lakeland Financial Corp. has maintained a generally positive brand reputation, driven by its strong financial performance and strategic growth initiatives. The company consistently reports increased net income and expanding net interest margins. Its focus on organic growth, technology adoption, and commitment to its communities, along with a strong capital structure, are frequently highlighted. The bank's expansion, including opening new branch offices in growth areas like Indianapolis, further contributes to a positive perception.

Institutional investors and hedge funds collectively own 81.15% of Lakeland Financial Corp.'s stock, while company insiders own 3.00%. Recent institutional trading activity includes Boston Trust Walden Corp. purchasing a new position, First Trust Advisors LP significantly increased its holdings, and Millennium Management LLC also raised its holdings. EVP Eric H. Ottinger sold 4,635 shares in August 2025, reducing his ownership by 12.56%.