Lakeland Financial Corp. (NASDAQ:LKFN) insider Eric H. Ottinger sold 1,500 shares of the company’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $44.03, for a total value of $66,045.00. Following the completion of the sale, the insider now owns 18,500 shares of the company’s stock, valued at $814,555. The transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of Lakeland Financial Corp. (NASDAQ:LKFN) opened at 43.94 on Monday. The firm has a 50-day moving average price of $36.89 and a 200-day moving average price of $34.32. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 21.94 and a beta of 0.67. Lakeland Financial Corp. has a 52 week low of $26.53 and a 52 week high of $44.85.

Lakeland Financial Corp. (NASDAQ:LKFN) last released its quarterly earnings results on Tuesday, October 25th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.03. Lakeland Financial Corp. had a net margin of 30.55% and a return on equity of 12.36%. On average, equities analysts anticipate that Lakeland Financial Corp. will post $2.03 earnings per share for the current year.

Insider Buying and Selling by Quarter for Lakeland Financial Corp. (NASDAQ:LKFN)

The company also recently declared a quarterly dividend, which was paid on Monday, November 7th. Shareholders of record on Tuesday, October 25th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Friday, October 21st. Lakeland Financial Corp.’s dividend payout ratio is currently 37.81%.

Large investors have recently bought and sold shares of the company. Nationwide Fund Advisors increased its stake in Lakeland Financial Corp. by 6.0% in the second quarter. Nationwide Fund Advisors now owns 26,912 shares of the financial services provider’s stock valued at $1,265,000 after buying an additional 1,520 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Lakeland Financial Corp. by 1.1% in the second quarter. Ameriprise Financial Inc. now owns 103,767 shares of the financial services provider’s stock valued at $4,878,000 after buying an additional 1,114 shares during the last quarter. First Trust Advisors LP increased its stake in Lakeland Financial Corp. by 96.2% in the second quarter. First Trust Advisors LP now owns 31,091 shares of the financial services provider’s stock valued at $1,462,000 after buying an additional 15,246 shares during the last quarter. GSA Capital Partners LLP increased its stake in Lakeland Financial Corp. by 28.8% in the second quarter. GSA Capital Partners LLP now owns 8,500 shares of the financial services provider’s stock valued at $400,000 after buying an additional 1,900 shares during the last quarter. Finally, Dean Investment Associates LLC increased its stake in Lakeland Financial Corp. by 3.9% in the second quarter. Dean Investment Associates LLC now owns 70,120 shares of the financial services provider’s stock valued at $3,296,000 after buying an additional 2,620 shares during the last quarter. Institutional investors and hedge funds own 56.01% of the company’s stock.

LKFN has been the subject of a number of analyst reports. Zacks Investment Research upgraded Lakeland Financial Corp. from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Thursday, October 27th. Keefe, Bruyette & Woods cut their price target on Lakeland Financial Corp. from $48.00 to $32.00 and set a “market perform” rating for the company in a research note on Tuesday, August 9th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Lakeland Financial Corp. presently has a consensus rating of “Hold” and an average target price of $37.00.

Lakeland Financial Corp. 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.

5 Day Chart for NASDAQ:LKFN

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