Jupiter Topco LLC Buys Shares of 12,248 Lakeland Financial Corporation $LKFN

Posted by Stanley Muller on Sep 7th, 2026

Jupiter Topco LLC purchased a new stake in shares of Lakeland Financial Corporation (NASDAQ:LKFN – Free Report) in the second quarter, HoldingsChannel.com reports. The fund purchased 12,248 shares of the financial services provider’s stock, valued at approximately $756,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Osaic Holdings Inc. increased its stake in Lakeland Financial by 186.0% in the 2nd quarter. Osaic Holdings Inc. now owns 469 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 305 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in Lakeland Financial during the second quarter worth $38,000. EverSource Wealth Advisors LLC grew its holdings in 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 purchasing an additional 582 shares during the last quarter. Allworth Financial LP purchased a new position in shares of Lakeland Financial in the second quarter valued at $41,000. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Lakeland Financial by 40.5% during the 4th 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 during the last quarter. Institutional investors and hedge funds own 81.15% of the company’s stock.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis on Lakeland Financial

Lakeland Financial Stock Performance

Lakeland Financial stock opened at $60.57 on Monday. The stock has a fifty day moving average of $61.40 and a two-hundred day moving average of $60.06. The company has a market capitalization of $1.51 billion, a price-to-earnings 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 data 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. The business had revenue of $70.87 million for the quarter, compared to the consensus estimate of $72.11 million. Lakeland Financial had a return on equity of 14.67% and a net margin of 26.04%.During the same period in the prior year, the business earned $1.04 earnings per share. On average, analysts forecast that Lakeland Financial Corporation will post 4.38 EPS for the current fiscal year.

Lakeland Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Saturday, July 25th were paid a $0.52 dividend. 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%.

Lakeland Financial Company Profile

(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.