Lakeland Financial traded at $57.26 this Friday May 15th, decreasing $0.91 or 1.56 percent since the previous trading session. Looking back, over the last four weeks, Lakeland Financial lost 4.36 percent. Over the last 12 months, its price fell by 6.28 percent. Looking ahead, we forecast Lakeland Financial to be priced at 60.28 by the end of this quarter and at 56.61 in one year, according to Trading Economics global macro models projections and analysts expectations.
Lakeland Financial Corporation is a bank holding company. The Company, through its subsidiary, Lake City Bank (the Bank), provides an array of financial products and services throughout its Northern and Central Indiana markets. The Company offers commercial and consumer banking services, as well as trust and wealth management, brokerage, and treasury management commercial services. The Company serves a variety of industries including, among others, commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services and health care. The Bank’s activities cover all traditional facets of commercial banking, including deposit products, commercial and consumer lending, retail and merchant credit card services, corporate treasury management services, and wealth advisory, trust and brokerage services. The Bank holds approximately 50 branch offices in 15 counties in Northern Indiana and Central Indiana.