ProShare Advisors LLC Has $6.08 Million Stake in Lakeland Financial Corporation $LKFN

Posted by George Bondi on May 23rd, 2026

ProShare Advisors LLC grew its stake in Lakeland Financial Corporation (NASDAQ:LKFN – Free Report) by 10.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 106,514 shares of the financial services provider’s stock after buying an additional 10,241 shares during the period. ProShare Advisors LLC’s holdings in Lakeland Financial were worth $6,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of LKFN. First Trust Advisors LP grew its position in Lakeland Financial by 403.6% in the 2nd quarter. First Trust Advisors LP now owns 383,525 shares of the financial services provider’s stock worth $23,568,000 after purchasing an additional 307,371 shares during the last quarter. Millennium Management LLC grew its position in Lakeland Financial by 327.9% in the 1st quarter. Millennium Management LLC now owns 199,323 shares of the financial services provider’s stock worth $11,848,000 after purchasing an additional 152,738 shares during the last quarter. Bank of America Corp DE grew its position in Lakeland Financial by 68.8% in the 3rd quarter. Bank of America Corp DE now owns 321,031 shares of the financial services provider’s stock worth $20,610,000 after purchasing an additional 130,897 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Lakeland Financial during the 1st quarter worth about $6,500,000. Finally, TrueMark Investments LLC boosted its position in shares of Lakeland Financial by 504.6% during the 3rd quarter. TrueMark Investments LLC now owns 93,375 shares of the financial services provider’s stock valued at $5,995,000 after acquiring an additional 77,930 shares in the last quarter. 81.15% of the stock is currently owned by institutional investors and hedge funds.

Lakeland Financial Stock Down 0.5%

Shares of LKFN stock opened at $59.90 on Friday. Lakeland Financial Corporation has a 12-month low of $54.36 and a 12-month high of $69.40. The company has a market capitalization of $1.49 billion, a P/E ratio of 14.03 and a beta of 0.74. The firm has a 50-day moving average price of $59.00 and a 200 day moving average price of $58.95.

Lakeland Financial (NASDAQ:LKFN – Get Free Report) last announced its quarterly earnings results on Monday, April 27th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.03. The firm had revenue of $69.71 million during the quarter, compared to the consensus estimate of $70.42 million. Lakeland Financial had a net margin of 25.81% and a return on equity of 14.79%. During the same period last year, the firm posted $0.78 EPS. As a group, research analysts expect that Lakeland Financial Corporation will post 4.3 earnings per share for the current year.

Lakeland Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 5th. Shareholders of record on Saturday, April 25th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, April 24th. Lakeland Financial’s dividend payout ratio (DPR) is presently 48.71%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Stephens set a $66.00 target price on shares of Lakeland Financial in a research report on Tuesday, January 27th. Wall Street Zen upgraded shares of Lakeland Financial from a “sell” rating to a “hold” rating in a research report on Sunday, April 19th. Hovde Group lifted their target price on shares of Lakeland Financial from $63.00 to $66.00 and gave the company a “market perform” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Lakeland Financial in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $66.50.

Check Out Our Latest Stock Report on Lakeland Financial

Insider Activity at Lakeland Financial

In other Lakeland Financial news, Director Steven D. Ross sold 1,281 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $62.50, for a total value of $80,062.50. Following the completion of the sale, the director owned 27,001 shares in the company, valued at approximately $1,687,562.50. This trade represents a 4.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Eric H. Ottinger sold 2,136 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $61.49, for a total transaction of $131,342.64. Following the completion of the sale, the executive vice president owned 33,257 shares of the company’s stock, valued at $2,044,972.93. The trade was a 6.04% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have bought 25,000 shares of company stock worth $1,419,050 and have sold 9,121 shares worth $544,369. 3.00% of the stock is currently owned by corporate insiders.

About Lakeland Financial

(Free Report)

Lakeland Financial Corporation is a bank holding company based in Warsaw, Indiana, that operates through its principal subsidiary, Lakeland Bank. The company offers a full range of commercial and consumer banking services, including deposit products such as checking accounts, savings accounts and certificates of deposit, as well as a variety of loan offerings spanning commercial real estate, agricultural, mortgage, consumer and small-business lending.

Originally organized in 1893 as Kosciusko County State Bank, the enterprise reorganized as a bank holding company in 1984 to facilitate strategic growth and diversification.