Insider Trading Update: Lakeland Financial Corporation $LKFN

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Lakeland Financial Corporation (LKFN) insider have most recently took part in a trading activity. On Jun 16, 2017 Smith Brian J, Director bought 108 shares having total worth of $4,987 at the price of $46.18 per share, following the transaction a total of 44,575 shares owned by Smith Brian J. Before this latest buy, Smith Brian J purchased LKFN at 4 other times during the past twelve months, for a total investment of $19,969 at an average of $43.18 per share.

The stock has experienced a total of 3 insider trades in the past three months. These trades include 3 sell activities .Furthermore, over the past 12 months , the stock was traded 21 times by insiders. In 13 of these trades, the insider was a seller while an employee of the company was the buyer in 8 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 0 3 3.37%
12 Month 8 13 52.12%

Shares of Lakeland Financial Corporation (LKFN) traded up 0.18% on Jun 21, 2017, hitting $45.15. 99,579 shares of the company’s stock traded hands. Lakeland Financial Corporation has a 52 week low of $26.79 and a 52 week high of $48.06. The company’s market cap is $1,330 million.

Lakeland Financial Corporation (LKFN) last announced its earnings results on Apr 25, 2017. The company reported 0.57 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.52 by $0.05. The company had revenue of $40 million for the quarter, compared to the consensus estimate of $40 million. During the same quarter in the previous year, the company posted 0.73 earnings per share. The company’s revenue for the quarter was up 12% on a year-over-year basis.

2017-04-25 2017-01-25 2016-10-25 2016-07-25 2016-04-25 2016-01-25 2015-10-26 2015-07-24 2015-04-27 2015-01-26
earnings per share 0.57 0.53 0.53 0.76 0.73 0.73 0.69 0.68 0.66 0.66
Revenue(M) 40.32 39.64 38.74 37.34 36.15 35.52 34.61 33.78 33.5 33.27

Lakeland Financial Corporation was incorporated under the laws of the State of Indiana on February 8, 1983. The Bank was originally organized in 1872 and has continuously operated under the laws of the State of Indiana since its organization. The bank is a bank holding company, which owns all of the outstanding stock of Lake City Bank, a full-service commercial bank. As of December 31, 2012, the Bank had 45 offices in thirteen counties throughout Northern and Central Indiana. The bank recognizes a wholly-owned subsidiary, LCB Investments II, which manages a portion of the bank’s investment portfolio. The company, through its subsidiary, provides commercial, retail, wealth advisory and investment management services to its customers. Commercial products include commercial loans and technology-driven solutions to commercial customers’ treasury management needs such as internet business banking and on-line treasury management services in addition to retirement services, bond administration and health savings account services. Retail banking clients are provided an array of traditional retail banking services, including lending, deposit and investment services. Retail lending programs are focused on mortgage loans, home equity lines of credit and traditional retail installment loans, including indirect automotive financing. The company provides credit card services to retail and commercial customers through an outsourced retail card program and merchant processing activity. The company provides wealth advisory clients with traditional personal and corporate trust and investment services. It also provides retail brokerage services, including an array of financial and investment products such as annuities and life insurance. The bank’s activities cover all phases of commercial banking, including checking accounts, savings accounts, time deposits, the sale of securities under agreements to repurchase, commercial, real estate and agricultural lending, direct and indirect consumer lending, commercial and residential real estate mortgage lending, retail and merchant credit card services, corporate cash management services, retirement services, bond administration, safe deposit box services and trust and brokerage services. The company is regulated under federal and state law.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.