Dimensional Fund Advisors LP raised its stake in Lakeland Financial Co. (NASDAQ:LKFN) by 4.0% during the fourth quarter, Holdings Channel reports. 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’s holdings in Lakeland Financial were worth $46,982,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Kessler Investment Group LLC increased 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 valued at $104,000 after buying an additional 718 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Lakeland Financial by 2,657.0% in the second quarter. Royal Bank of Canada now owns 2,564 shares of the financial services provider’s stock valued at $121,000 after buying an additional 2,471 shares in the last quarter. Great West Life Assurance Co. Can increased 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 valued at $138,000 after buying an additional 1,300 shares in the last quarter. US Bancorp DE increased 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 valued at $208,000 after buying an additional 1,192 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased 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 valued at $213,000 after buying an additional 1,887 shares in the last quarter. 66.27% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Lakeland Financial Co. (NASDAQ:LKFN) opened at 44.25 on Tuesday. Lakeland Financial Co. has a 12 month low of $28.94 and a 12 month high of $48.88. The stock has a 50 day moving average price of $45.02 and a 200 day moving average price of $41.56. The firm has a market capitalization of $1.10 billion, a P/E ratio of 21.59 and a beta of 0.77.

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In other news, Director Michael L. Kubacki sold 17,656 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 235,601 shares of the company’s stock, valued at approximately $10,083,722.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Charles E. Niemier bought 681 shares of Lakeland Financial stock in a transaction dated Monday, February 6th. The shares were acquired at an average cost of $44.57 per share, with a total value of $30,352.17. Following the completion of the purchase, the director now owns 146,805 shares in the company, valued at $6,543,098.85. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 21,449 shares of company stock valued at $925,235. Corporate 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.

5 Day Chart for NASDAQ:LKFN

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