Lakeland Financial Co. (LKFN) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in shares of Lakeland Financial Co. (NASDAQ:LKFN) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 992,020 shares of the financial services provider’s stock after buying an additional 38,327 shares during the period. Dimensional Fund Advisors LP owned about 3.98% of Lakeland Financial worth $46,982,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in LKFN. Kessler Investment Group LLC raised its stake in shares of Lakeland Financial by 32.4% in the third quarter. Kessler Investment Group LLC now owns 2,936 shares of the financial services provider’s stock worth $104,000 after buying an additional 718 shares during the last quarter. US Bancorp DE raised its stake in shares of Lakeland Financial by 25.5% in the third quarter. US Bancorp DE now owns 5,874 shares of the financial services provider’s stock worth $208,000 after buying an additional 1,192 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Lakeland Financial by 50.0% in the third quarter. Great West Life Assurance Co. Can now owns 3,900 shares of the financial services provider’s stock worth $138,000 after buying an additional 1,300 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Lakeland Financial by 45.9% in the third quarter. PNC Financial Services Group Inc. now owns 6,000 shares of the financial services provider’s stock worth $213,000 after buying an additional 1,887 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its stake in shares of Lakeland Financial by 50.0% in the third quarter. Public Employees Retirement Association of Colorado now owns 6,921 shares of the financial services provider’s stock worth $245,000 after buying an additional 2,307 shares during the last quarter. Institutional investors and hedge funds own 66.27% of the company’s stock.

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

Shares of Lakeland Financial Co. (NASDAQ:LKFN) opened at 44.25 on Tuesday. The stock has a 50 day moving average of $45.02 and a 200-day moving average of $41.56. Lakeland Financial Co. has a one year low of $28.94 and a one year high of $48.88. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 21.59 and a beta of 0.77.

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In other Lakeland Financial news, EVP Michael E. Gavin sold 1,678 shares of the stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $45.40, for a total transaction of $76,181.20. Following the transaction, the executive vice president now directly owns 5,500 shares of the company’s stock, valued at $249,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael L. Kubacki sold 17,656 shares of the stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $42.80, for a total transaction of $755,676.80. Following the transaction, the director now directly owns 235,601 shares in the company, valued at $10,083,722.80. The disclosure for this sale can be found here. Insiders have sold 21,449 shares of company stock worth $925,235 over the last three months. Company insiders own 4.90% of the company’s stock.

About Lakeland Financial

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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