Kyra E. Clark Sells 500 Shares of Lakeland Financial Co. (NASDAQ:LKFN) Stock

Lakeland Financial Co. (NASDAQ:LKFN) SVP Kyra E. Clark sold 500 shares of the business’s 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 transaction, the senior vice president now directly owns 7,596 shares in the company, valued at approximately $471,179.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Lakeland Financial Stock Performance

LKFN opened at $61.33 on Wednesday. The company has a quick ratio of 0.91, a current 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. The business has a 50 day moving average of $62.42 and a 200-day moving average of $61.33. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 16.94 and a beta of 0.69.

Lakeland Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 6th. Shareholders of record on Thursday, April 25th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Wednesday, April 24th. Lakeland Financial’s dividend payout ratio is 53.04%.

Analyst Ratings Changes

LKFN has been the topic of a number of recent analyst reports. Stephens boosted their target price on shares of Lakeland Financial from $67.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Raymond James boosted their price objective on shares of Lakeland Financial from $60.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th.

Hedge Funds Weigh In On Lakeland Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LKFN. SRS Capital Advisors Inc. lifted its stake in shares of Lakeland Financial by 359.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 629 shares of the financial services provider’s stock worth $41,000 after buying an additional 492 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Lakeland Financial during the fourth quarter worth approximately $60,000. Nisa Investment Advisors LLC boosted its holdings in shares of Lakeland Financial by 10,016.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,214 shares of the financial services provider’s stock worth $79,000 after acquiring an additional 1,202 shares during the period. Everence Capital Management Inc. acquired a new position in shares of Lakeland Financial in the fourth quarter valued at approximately $201,000. Finally, Sippican Capital Advisors acquired a new position in shares of Lakeland Financial in the first quarter valued at approximately $223,000. 81.15% of the stock is owned by institutional investors.

Lakeland Financial Company Profile

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.