On November 12, 2024, David Findlay, CEO of Lakeland Financial Corp (LKFN, Financial), executed a sale of 9,643 shares of the company. According to the SEC Filing, the transaction occurred at a stock price of $75.51 per share. Post-transaction, the insider owns 105,030 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 in Indiana.
Over the past year, the insider has sold a total of 32,150 shares and has not made any purchases. The broader insider transaction trend at Lakeland Financial Corp shows a predominance of selling activities, with 20 insider sells and only 3 insider buys over the past year.
Shares of Lakeland Financial Corp were trading at $75.51 on the day of the sale, giving the company a market cap of approximately $1.937 billion. The price-earnings ratio of the stock stands at 19.73, which is above both the industry median of 10.81 and the company’s historical median.
The stock's valuation, according to GF Value, is considered Modestly Overvalued with a price-to-GF-Value ratio of 1.13, based on a GF Value of $67.07. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors as a component of their investment strategy, especially considering the stock's current valuation metrics and recent trading history.
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.
