Brok Lahrman, the Senior Vice President and Chief Accounting Officer of Lakeland Financial Corp (LKFN, Financial), sold 150 shares of the company on November 6, 2024. The transaction was filed with the SEC and details that the shares were sold at a price of $75.51 each. Following this transaction, the insider now owns 1,589 shares of the company.
Lakeland Financial Corp, based in Warsaw, Indiana, operates as the bank holding company for Lake City Bank which provides various commercial and retail banking, wealth advisory, and investment management services.
Over the past year, Brok Lahrman has sold a total of 1,265 shares and has not purchased any shares. The company's insider transaction history shows a trend with 19 insider sells and only 2 insider buys over the past year.
On the valuation front, Lakeland Financial Corp was trading at $75.51 on the day of the sale, giving the company a market cap of $1.902 billion. The price-earnings ratio of the stock stands at 19.37, which is above both the industry median of 10.435 and the company’s historical median.
The stock's GF Value is estimated at $67.20, indicating a price-to-GF-Value ratio of 1.12. This suggests that Lakeland Financial Corp is modestly overvalued according to GuruFocus's valuation model.
The GF Value is calculated based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor which considers past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might be of interest to current and potential investors trying to understand recent insider behaviors and the valuation context of Lakeland Financial Corp's stock.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
