Lakeland Financial Co. (NASDAQ:LKFN - Get Free Report) SVP Kyra E. Clark sold 500 shares of Lakeland Financial stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $62.03, for a total value of $31,015.00. Following the completion of the sale, the senior vice president now owns 7,596 shares in the company, valued at $471,179.88. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Lakeland Financial Stock Performance
Shares of Lakeland Financial stock opened at $61.85 on Tuesday. The business has a fifty day simple moving average of $62.43 and a two-hundred day simple moving average of $61.24. The firm has a market capitalization of $1.58 billion, a P/E ratio of 17.09 and a beta of 0.69. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. Lakeland Financial Co. has a 12 month low of $43.05 and a 12 month high of $73.22.
Lakeland Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Shareholders of record on Thursday, April 25th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Wednesday, April 24th. Lakeland Financial's dividend payout ratio (DPR) is presently 53.04%.
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Several analysts recently weighed in on LKFN shares. Stephens lifted their price target on shares of Lakeland Financial from $67.00 to $70.00 and gave the company an "equal weight" rating in a report on Friday, January 26th. Raymond James lifted their target price on shares of Lakeland Financial from $60.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday, January 26th.
Check Out Our Latest Report on Lakeland Financial
Hedge Funds Weigh In On Lakeland Financial
Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Lakeland Financial by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 1,847,688 shares of the financial services provider's stock valued at $120,395,000 after buying an additional 42,862 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Lakeland Financial by 12.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,627,094 shares of the financial services provider's stock valued at $106,021,000 after acquiring an additional 174,613 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Lakeland Financial by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 781,429 shares of the financial services provider's stock worth $50,920,000 after purchasing an additional 10,595 shares during the last quarter. Northern Trust Corp boosted its stake in Lakeland Financial by 2.8% in the 3rd quarter. Northern Trust Corp now owns 463,234 shares of the financial services provider's stock worth $21,985,000 after purchasing an additional 12,618 shares in the last quarter. Finally, Boston Trust Walden Corp increased its stake in Lakeland Financial by 5.2% during the 4th quarter. Boston Trust Walden Corp now owns 339,586 shares of the financial services provider's stock valued at $22,127,000 after purchasing an additional 16,823 shares in the last quarter. 81.15% of the stock is currently owned by hedge funds and other institutional investors.
About Lakeland Financial
(
Get Free Report)
Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services in the United States. The company accepts various deposit products, such as noninterest bearing, interest-bearing checking, savings, money market, NOW, and demand deposits.
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