10,541 Shares in Lakeland Financial Corporation $LKFN Purchased by The Manufacturers Life Insurance Company

Posted by Geri Gentry on Sep 7th, 2026

The Manufacturers Life Insurance Company acquired a new stake in Lakeland Financial Corporation (NASDAQ:LKFN – Free Report) in the second quarter, Holdings Channel reports. The fund acquired 10,541 shares of the financial services provider’s stock, valued at approximately $651,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Osaic Holdings Inc. increased its holdings in shares of Lakeland Financial by 186.0% during the second quarter. Osaic Holdings Inc. now owns 469 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 305 shares during the period. Global Retirement Partners LLC bought a new stake in shares of Lakeland Financial in the second quarter valued at approximately $38,000. EverSource Wealth Advisors LLC boosted its stake in shares of Lakeland Financial by 1,212.5% in the second quarter. EverSource Wealth Advisors LLC now owns 630 shares of the financial services provider’s stock valued at $39,000 after buying an additional 582 shares during the period. Allworth Financial LP acquired a new stake in Lakeland Financial during the second quarter worth approximately $41,000. Finally, Rockefeller Capital Management L.P. grew its position in Lakeland Financial by 40.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 729 shares of the financial services provider’s stock worth $42,000 after buying an additional 210 shares in the last quarter. Institutional investors and hedge funds own 81.15% of the company’s stock.

Lakeland Financial Price Performance

NASDAQ LKFN opened at $60.57 on Monday. The business has a fifty day moving average price of $61.40 and a two-hundred day moving average price of $60.06. The stock has a market capitalization of $1.51 billion, a PE ratio of 13.89 and a beta of 0.71. Lakeland Financial Corporation has a fifty-two week low of $54.36 and a fifty-two week high of $68.55.

Lakeland Financial (NASDAQ:LKFN – Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.05. Lakeland Financial had a return on equity of 14.67% and a net margin of 26.04%.The company had revenue of $70.87 million for the quarter, compared to analyst estimates of $72.11 million. During the same quarter last year, the company posted $1.04 EPS. As a group, sell-side analysts expect that Lakeland Financial Corporation will post 4.38 earnings per share for the current year.

Lakeland Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Saturday, July 25th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, July 24th. This represents a $2.08 annualized dividend and a yield of 3.4%. Lakeland Financial’s payout ratio is presently 47.71%.

Analysts Set New Price Targets

Several equities analysts have weighed in on LKFN shares. Weiss Ratings cut Lakeland Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 29th. Wall Street Zen lowered Lakeland Financial from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $66.50.

View Our Latest Report on Lakeland Financial

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.