Lakeland Financial Co. (NASDAQ:LKFN) CFO Sells 1,050 Shares

Lakeland Financial Co. (NASDAQ:LKFN) CFO Lisa M. O’neill sold 1,050 shares of the stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $48.26, for a total value of $50,673.00. Following the completion of the sale, the chief financial officer now owns 16,756 shares of the company’s stock, valued at $808,644.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of LKFN stock traded down $1.27 on Friday, hitting $46.23. 68,558 shares of the stock were exchanged, compared to its average volume of 93,092. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $1,201.09, a P/E ratio of 19.34, a P/E/G ratio of 1.61 and a beta of 0.86. Lakeland Financial Co. has a fifty-two week low of $41.30 and a fifty-two week high of $52.43.

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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 consensus estimate of $0.61. The company had revenue of $44.85 million during the quarter, compared to analysts’ expectations of $44.64 million. Lakeland Financial had a return on equity of 13.53% and a net margin of 28.42%. equities analysts expect that Lakeland Financial Co. will post 2.96 EPS for the current year.

LKFN has been the subject of several recent analyst reports. Zacks Investment Research upgraded Lakeland Financial from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Saturday, January 13th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $50.00 price target on shares of Lakeland Financial in a report on Friday, December 22nd. Finally, BidaskClub downgraded Lakeland Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $50.67.

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Lakeland Financial during the third quarter worth about $208,000. OLD National Bancorp IN acquired a new position in shares of Lakeland Financial during the fourth quarter worth about $211,000. Xact Kapitalforvaltning AB acquired a new position in shares of Lakeland Financial during the fourth quarter worth about $258,000. Bedel Financial Consulting Inc. acquired a new position in shares of Lakeland Financial during the fourth quarter worth about $313,000. Finally, Macquarie Group Ltd. acquired a new position in shares of Lakeland Financial during the third quarter worth about $314,000. 70.94% of the stock is owned by institutional investors.

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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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