Sii Investments Inc. WI trimmed its holdings in Lakeland Financial Corporation (NASDAQ:LKFN) by 3.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,202 shares of the financial services provider’s stock after selling 907 shares during the period. Sii Investments Inc. WI owned about 0.10% of Lakeland Financial Corporation worth $1,205,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in shares of Lakeland Financial Corporation by 13.2% in the second quarter. Goldman Sachs Group Inc. now owns 912,929 shares of the financial services provider’s stock worth $41,885,000 after acquiring an additional 106,673 shares during the period. Stifel Financial Corp grew its position in shares of Lakeland Financial Corporation by 15.9% during the second quarter. Stifel Financial Corp now owns 299,715 shares of the financial services provider’s stock worth $13,755,000 after purchasing an additional 41,061 shares in the last quarter. Voya Investment Management LLC grew its position in shares of Lakeland Financial Corporation by 5.3% during the second quarter. Voya Investment Management LLC now owns 15,045 shares of the financial services provider’s stock worth $690,000 after purchasing an additional 758 shares in the last quarter. Citadel Advisors LLC grew its position in shares of Lakeland Financial Corporation by 124.6% during the second quarter. Citadel Advisors LLC now owns 20,135 shares of the financial services provider’s stock worth $924,000 after purchasing an additional 11,172 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in shares of Lakeland Financial Corporation by 1.6% during the second quarter. Parametric Portfolio Associates LLC now owns 20,901 shares of the financial services provider’s stock worth $959,000 after purchasing an additional 339 shares in the last quarter. Institutional investors and hedge funds own 69.31% of the company’s stock.

In other Lakeland Financial Corporation news, Director M Scott Welch bought 5,557 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were purchased at an average price of $41.83 per share, for a total transaction of $232,449.31. Following the transaction, the director now directly owns 112,148 shares of the company’s stock, valued at approximately $4,691,150.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Batty Jill A. De sold 800 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $43.31, for a total value of $34,648.00. Following the transaction, the insider now owns 8,132 shares in the company, valued at approximately $352,196.92. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 10,613 shares of company stock valued at $447,131 and sold 3,149 shares valued at $142,334. 5.00% of the stock is owned by insiders.

Lakeland Financial Corporation (LKFN) traded down 0.53% during trading on Wednesday, reaching $48.63. 8,808 shares of the company traded hands. The company has a market capitalization of $1.22 billion, a P/E ratio of 21.81 and a beta of 0.86. The firm has a 50-day moving average price of $44.80 and a 200-day moving average price of $44.74. Lakeland Financial Corporation has a 52 week low of $33.98 and a 52 week high of $49.22.

Lakeland Financial Corporation (NASDAQ:LKFN) last issued its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. The company had revenue of $42.61 million for the quarter, compared to the consensus estimate of $41.86 million. Lakeland Financial Corporation had a return on equity of 13.06% and a net margin of 30.72%. Analysts forecast that Lakeland Financial Corporation will post $2.37 earnings per share for the current fiscal year.

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Several brokerages recently issued reports on LKFN. Zacks Investment Research raised Lakeland Financial Corporation from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Tuesday, June 27th. ValuEngine upgraded Lakeland Financial Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub downgraded Lakeland Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Lakeland Financial Corporation has a consensus rating of “Hold” and a consensus price target of $48.00.

Lakeland Financial Corporation 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.

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Institutional Ownership by Quarter for Lakeland Financial Corporation (NASDAQ:LKFN)

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