Lakeland Financial Corporation (NASDAQ:LKFN) CFO Lisa M. O’neill bought 500 shares of Lakeland Financial Corporation stock in a transaction on Friday, August 11th. The shares were acquired at an average price of $43.50 per share, for a total transaction of $21,750.00. Following the completion of the acquisition, the chief financial officer now owns 13,294 shares in the company, valued at $578,289. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Lakeland Financial Corporation (NASDAQ LKFN) traded down 1.11% during midday trading on Friday, reaching $43.69. 74,146 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.09 billion, a P/E ratio of 19.59 and a beta of 0.83. Lakeland Financial Corporation has a 52 week low of $33.98 and a 52 week high of $48.88. The stock’s 50 day moving average is $45.92 and its 200 day moving average is $44.81.

Lakeland Financial Corporation (NASDAQ:LKFN) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.05. The firm had revenue of $42.61 million during the quarter, compared to analyst estimates of $41.86 million. Lakeland Financial Corporation had a net margin of 30.72% and a return on equity of 13.06%. On average, analysts expect that Lakeland Financial Corporation will post $2.37 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Tuesday, July 25th were given a $0.22 dividend. The ex-dividend date was Friday, July 21st. This represents a $0.88 dividend on an annualized basis and a yield of 2.01%. Lakeland Financial Corporation’s dividend payout ratio is presently 39.46%.

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LKFN has been the topic of a number of research reports. Keefe, Bruyette & Woods set a $43.00 target price on shares of Lakeland Financial Corporation and gave the stock a “hold” rating in a report on Tuesday, April 18th. Zacks Investment Research lowered shares of Lakeland Financial Corporation from a “buy” rating to a “hold” rating in a report on Friday, April 28th. DA Davidson upgraded shares of Lakeland Financial Corporation from a “neutral” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Thursday, May 18th. Finally, BidaskClub upgraded shares of Lakeland Financial Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 9th.

A number of institutional investors have recently made changes to their positions in LKFN. Highbridge Capital Management LLC bought a new position in shares of Lakeland Financial Corporation during the fourth quarter worth about $346,000. Schroder Investment Management Group raised its position in shares of Lakeland Financial Corporation by 1.5% in the first quarter. Schroder Investment Management Group now owns 305,057 shares of the financial services provider’s stock worth $13,203,000 after buying an additional 4,457 shares in the last quarter. John W. Rosenthal Capital Management Inc. raised its position in shares of Lakeland Financial Corporation by 4.4% in the first quarter. John W. Rosenthal Capital Management Inc. now owns 145,874 shares of the financial services provider’s stock worth $6,290,000 after buying an additional 6,200 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Lakeland Financial Corporation by 4.2% in the first quarter. Parametric Portfolio Associates LLC now owns 20,562 shares of the financial services provider’s stock worth $887,000 after buying an additional 836 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of Lakeland Financial Corporation by 3.5% in the first quarter. Swiss National Bank now owns 41,250 shares of the financial services provider’s stock worth $1,779,000 after buying an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 69.96% of the company’s stock.

About Lakeland Financial Corporation

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 Corporation (NASDAQ:LKFN)

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