Lakeland Financial Co. (LKFN) Insider Kristin Pruitt Sells 600 Shares

Lakeland Financial Co. (NASDAQ:LKFN) insider Kristin Pruitt sold 600 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $48.21, for a total transaction of $28,926.00. Following the completion of the transaction, the insider now owns 9,100 shares in the company, valued at $438,711. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Lakeland Financial Co. (LKFN) traded up $0.38 during mid-day trading on Tuesday, hitting $47.70. 100,500 shares of the company traded hands, compared to its average volume of 107,618. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $1,190.00, a PE ratio of 19.64, a price-to-earnings-growth ratio of 1.61 and a beta of 0.86. Lakeland Financial Co. has a one year low of $39.68 and a one year high of $52.43.

Lakeland Financial (NASDAQ:LKFN) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.61 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.61. The company had revenue of $44.85 million for the quarter, compared to analysts’ expectations of $44.64 million. Lakeland Financial had a net margin of 28.42% and a return on equity of 13.67%. equities analysts anticipate that Lakeland Financial Co. will post 2.96 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 5th. Investors of record on Thursday, January 25th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Wednesday, January 24th. Lakeland Financial’s dividend payout ratio (DPR) is 36.67%.

Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in shares of Lakeland Financial in the third quarter worth approximately $208,000. OLD National Bancorp IN bought a new position in Lakeland Financial during the fourth quarter valued at approximately $211,000. Dynamic Technology Lab Private Ltd bought a new position in Lakeland Financial during the second quarter valued at approximately $234,000. Macquarie Group Ltd. bought a new position in Lakeland Financial during the third quarter valued at approximately $314,000. Finally, Bedel Financial Consulting Inc. bought a new position in Lakeland Financial during the fourth quarter valued at approximately $313,000. Institutional investors own 69.73% of the company’s stock.

Several research firms recently weighed in on LKFN. ValuEngine upgraded shares of Lakeland Financial from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Zacks Investment Research upgraded shares of Lakeland Financial from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Saturday, January 13th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $50.00 price objective on shares of Lakeland Financial in a research report on Friday, December 22nd. Finally, BidaskClub cut shares of Lakeland Financial from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target 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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