Lakeland Financial Co. (NASDAQ:LKFN) Director M Scott Welch bought 25,000 shares of Lakeland Financial stock in a transaction on Tuesday, February 6th. The shares were acquired at an average price of $45.64 per share, for a total transaction of $1,141,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Lakeland Financial Co. (NASDAQ:LKFN) opened at $46.69 on Friday. Lakeland Financial Co. has a fifty-two week low of $39.68 and a fifty-two week high of $52.43. The firm has a market cap of $1,167.21, a price-to-earnings ratio of 20.84, a PEG ratio of 1.58 and a beta of 0.86. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.95 and a quick ratio of 0.95.

Lakeland Financial (NASDAQ:LKFN) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.61 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.61. Lakeland Financial had a net margin of 28.42% and a return on equity of 13.67%. The business had revenue of $44.85 million for the quarter, compared to analyst estimates of $44.64 million. sell-side analysts anticipate that Lakeland Financial Co. will post 2.96 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 5th. Stockholders of record on Thursday, January 25th were issued a $0.22 dividend. The ex-dividend date was Wednesday, January 24th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.88%. Lakeland Financial’s payout ratio is 39.29%.

Several institutional investors and hedge funds have recently made changes to their positions in LKFN. Neuberger Berman Group LLC raised its stake in Lakeland Financial by 80.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 631,245 shares of the financial services provider’s stock worth $30,754,000 after acquiring an additional 280,980 shares in the last quarter. Victory Capital Management Inc. raised its stake in Lakeland Financial by 4.6% during the 3rd quarter. Victory Capital Management Inc. now owns 950,549 shares of the financial services provider’s stock worth $46,311,000 after acquiring an additional 41,769 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Lakeland Financial by 4.0% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 858,109 shares of the financial services provider’s stock worth $41,807,000 after acquiring an additional 32,875 shares in the last quarter. State Street Corp raised its stake in Lakeland Financial by 6.0% during the 2nd quarter. State Street Corp now owns 482,021 shares of the financial services provider’s stock worth $22,113,000 after acquiring an additional 27,167 shares in the last quarter. Finally, Citadel Advisors LLC raised its stake in Lakeland Financial by 134.2% during the 3rd quarter. Citadel Advisors LLC now owns 47,161 shares of the financial services provider’s stock worth $2,297,000 after acquiring an additional 27,026 shares in the last quarter. Institutional investors and hedge funds own 70.48% of the company’s stock.

A number of equities research analysts have recently weighed in on LKFN shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $50.00 price objective on shares of Lakeland Financial in a report on Friday, December 22nd. Zacks Investment Research lowered shares of Lakeland Financial from a “buy” rating to a “hold” rating in a report on Friday, January 12th. BidaskClub lowered shares of Lakeland Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Finally, ValuEngine lowered shares of Lakeland Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $52.00.

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Lakeland Financial Company Profile

Lakeland Financial Corporation is a bank holding company. The Company, through its subsidiary, Lake City Bank (the Bank), provides an array of products and services throughout its Northern and Central Indiana markets. It offers commercial and consumer banking services, as well as trust and wealth management, brokerage, investment and treasury management commercial services.

Insider Buying and Selling by Quarter for Lakeland Financial (NASDAQ:LKFN)

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