Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Lakeland Financial's share price for the quarter that ended in Dec. 2023 was $65.16. Lakeland Financial's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 25.4 Mil. Therefore, Lakeland Financial's market cap for the quarter that ended in Dec. 2023 was $1,657.1 Mil.
Lakeland Financial's quarterly market cap
declined
from Jun. 2023 ($1,233.8 Mil) to Sep. 2023 ($1,207.0 Mil) but then
increased
from Sep. 2023 ($1,207.0 Mil) to Dec. 2023 ($1,657.1 Mil).
Lakeland Financial's annual market cap
declined
from Dec. 2021 ($2,027.6 Mil) to Dec. 2022 ($1,849.7 Mil) and
declined
from Dec. 2022 ($1,849.7 Mil) to Dec. 2023 ($1,657.1 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Lakeland Financial's Enterprise Value for Today is $1,460.1 Mil.
Lakeland Financial Market Cap Historical Data
The historical data trend for Lakeland Financial's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Lakeland Financial's Market Cap
For the Banks - Regional subindustry, Lakeland Financial's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Lakeland Financial's Market Cap Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Lakeland Financial's Market Cap distribution charts can be found below:
* The bar in red indicates where Lakeland Financial's Market Cap falls into.
Lakeland Financial Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Lakeland Financial's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Lakeland Financial (NAS:LKFN) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Lakeland Financial Market Cap Related Terms
Thank you for viewing the detailed overview of Lakeland Financial's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Lakeland Financial (Lakeland Financial) Business Description
Lakeland Financial Corp is a bank holding company. It provides commercial, retail, wealth advisory and investment management services. Lakeland offers a broad array of 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. It serves a wide variety of industries including, among others, commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services and healthcare.
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