Personal CFO Solutions LLC Has $247,000 Holdings in Lakeland Financial Corporation (NASDAQ:LKFN)

Personal CFO Solutions LLC lessened its holdings in shares of Lakeland Financial Corporation (NASDAQ:LKFN) by 4.4% during the first quarter, Holdings Channel.com reports. The institutional investor owned 4,153 shares of the financial services provider’s stock after selling 192 shares during the quarter. Personal CFO Solutions LLC’s holdings in Lakeland Financial were worth $247,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. WINTON GROUP Ltd increased its position in Lakeland Financial by 1.8% during the fourth quarter. WINTON GROUP Ltd now owns 16,615 shares of the financial services provider’s stock worth $1,142,000 after buying an additional 300 shares during the last quarter. Swiss National Bank increased its position in Lakeland Financial by 0.6% during the fourth quarter. Swiss National Bank now owns 50,150 shares of the financial services provider’s stock worth $3,448,000 after buying an additional 300 shares during the last quarter. Bank of Montreal Can increased its position in Lakeland Financial by 6.6% during the fourth quarter. Bank of Montreal Can now owns 4,954 shares of the financial services provider’s stock worth $341,000 after buying an additional 306 shares during the last quarter. Jones Financial Companies Lllp increased its position in Lakeland Financial by 18.8% during the fourth quarter. Jones Financial Companies Lllp now owns 2,062 shares of the financial services provider’s stock worth $142,000 after buying an additional 326 shares during the last quarter. Finally, Bridge City Capital LLC increased its position in Lakeland Financial by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 37,035 shares of the financial services provider’s stock worth $2,547,000 after buying an additional 329 shares during the last quarter. Institutional investors and hedge funds own 81.15% of the company’s stock.

Lakeland Financial Trading Down 0.2%

Shares of NASDAQ:LKFN opened at $64.77 on Thursday. Lakeland Financial Corporation has a 12-month low of $50.00 and a 12-month high of $78.61. The stock has a market cap of $1.66 billion, a PE ratio of 18.51 and a beta of 0.60. The business has a 50 day moving average of $60.59 and a 200-day moving average of $62.21. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.16.

Lakeland Financial (NASDAQ:LKFN) last issued its quarterly earnings data on Friday, April 25th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.09). Lakeland Financial had a return on equity of 12.71% and a net margin of 21.08%. The firm had revenue of $90.46 million for the quarter, compared to the consensus estimate of $63.54 million. During the same quarter in the prior year, the firm earned $0.91 EPS. As a group, equities research analysts forecast that Lakeland Financial Corporation will post 3.7 earnings per share for the current year.

Lakeland Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 5th. Stockholders of record on Friday, July 25th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend is Friday, July 25th. Lakeland Financial’s dividend payout ratio is presently 57.14%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Hovde Group raised Lakeland Financial from a “market perform” rating to an “outperform” rating and set a $72.00 price target on the stock in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods reduced their price objective on Lakeland Financial from $69.00 to $65.00 and set a “market perform” rating for the company in a report on Monday, April 28th.

Insider Activity

In related news, Director Melinda Jo Truex purchased 8,309 shares of the business’s stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average cost of $60.11 per share, for a total transaction of $499,453.99. Following the completion of the purchase, the director owned 16,507 shares in the company, valued at approximately $992,235.77. This represents a 101.35% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.00% of the company’s stock.

Lakeland Financial 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.