Todd Campbell
Long/short equity, Growth, medium-term horizon, registered investment advisor

Lakeland Bank Profits From Indiana's Recovery

Lakeland Financial (NASDAQ:LKFN) operates across Indiana as the 45 branch Lake City Bank. The bank, founded in 1872, is well positioned to benefit from economic recovery in the Great Lakes region.

3 catalysts support Lakeland's future loan and net income growth.

1. An improving employment picture

2. Rising state gross domestic product

3. Higher home demand.

Ongoing job and income growth supports consumer loan demand.

Indiana was hard hit in the recession, losing 250,000 jobs and recording peak unemployment near 11%. However, the state has been rebounding thanks to manufacturing and unemployment has declined more than 2% over the past two years.

As a result, the state has added over 40,000 jobs in the past year --...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
PRO Top long ideas returned 21.7% in 2016**
"As a PRO member, we get uniquely valuable perspective that go beyond our quantiative analysis... We rely on PRO to get beyond the numbers quickly and add much needed perspective. It keeps me ahead of the next big thing. - Mark Choate, Malaga Cove Capital"
Mark Choate, Malaga Cove Capital
"Contributors (writers and commentators), often have a long history in the secuirities they opine on and some are clearly well positioned industry participants with detailed industry views that can help provide color on where the skeletons are buried in a particular secuirity and/or industry."
Jim Roumell, Roumell Asset Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details