New insider activity at Lakeland Financial ( (LKFN) ) has taken place on February 6, 2025.
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Lakeland Financial’s CEO, David Findlay, recently executed a significant transaction by selling 11,560 shares of the company’s stock, amounting to a total value of $770,707.
Recent Updates on LKFN stock
Lakeland Financial recently announced updates to its 2017 Amended and Restated Equity Incentive Plan, introducing both time-based and performance-based restricted stock units, to align employee incentives with company performance metrics. The company reported a slight decrease in net income for 2024 compared to 2023 but showcased growth in its loan and deposit portfolios, leading to an 11% increase in pretax pre-provision earnings. Key financial metrics also highlighted improvements, including a rise in average loans and core deposits, an increase in tangible book value per share, and an improved total risk-based capital ratio. However, there was a decline in the return on average equity. Keefe Bruyette raised the price target for Lakeland Financial, reflecting confidence in the company’s strategic initiatives and effective balance sheet management amid changing interest rates, despite challenges like increased provision expenses due to an industrial credit downgrade.
More about Lakeland Financial
YTD Price Performance: -1.92%
Average Trading Volume: 136,540
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.71B