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Regional Midwest Banks
Sure, here are some general information and notable facts regarding Lakeland Financial Corporation (LKFN), a public company listed on the Nasdaq stock exchange under the Regional Midwest Banks sector:
Lakeland Financial Corporation (LKFN)
1. Lakeland Financial Corporation is a bank holding company for Lake City Bank.
2. The corporation provides an extensive array of products and services for banking.
3. The corporation'ises its operations into three divisions: Retail, Commercial, and Wealth Advisors.
4. The Retail Division provides consumer loans, home mortgages, deposit products, checking, and savings accounts.
5. The Commercial Division offers loans, commercial deposit products, cash management services, and treasury management services to commercial and industrial sectors.
6. The Wealth Advisors provides wealth advisory solutions to customers.
7. Lakeland Financial Corporation was founded in 1874 and is headquartered in Warsaw, Indiana.
8. At December 31, 2020, the corporation had assets worth USD 5.59 billion, loans and leases amounting to USD 3.61 billion, and deposits totaling USD 4.47 billion.
9. Return on equity (ROE) for the company is 11.05%, which is higher than the industry average, indicating that it is profitable.
10. The stock P/E ratio of Lakeland Financial is 16.88, which is below the industry average, indicating that it is trading lower than its peers.
11. The corporation has an annual dividend yield of 2.61%, with a history of 17 years of consecutive dividend growth.
12. The company's long-term and short-term earnings growth rates are 3.50% and 21.90%, respectively.
13. Lakeland Financial had a net margin of 28.63%, indicating that it had a good profit margin.
14. Zacks Investment Research downgraded Lakeland Financial from a "Hold" rating to a "Sell" rating in a May 24 report.
15. According to a report by Investors Business Daily, the company has an Earnings Per Share (EPS) rating of 88, indicating that it is outperforming 88% of all US-listed stocks.
16. The company's corporate headquarters are located in Warsaw, Indiana. The corporation serves customers in northern and central Indiana.
17. The company's CSR efforts are centered on employee donations and volunteerism.
18. The company continues to enhance its digital and mobile capabilities, enabling more streamlined client transactions and helping it stay competitive in the banking sector.
I hope this information was helpful.