Allspring Global Investments Holdings LLC Decreases Stake in Lakeland Financial Co.

Trending News 🌥️

Allspring Global Investments Holdings LLC has decreased its stake in Lakeland Financial ($NASDAQ:LKFN) Co. .

Market Price

This move comes as shares of Lakeland Financial have been underperforming in recent months.

However, the company has been slowly selling off its stake in the company over the past few months. This move comes as shares of Lakeland Financial have been underperforming in recent months. The stock has lost nearly 10% of its value since peaking in early December. Shares have been volatile in recent weeks, but have generally trended downward. It is not clear why Allspring Global Investments Holdings LLC is selling its stake in Lakeland Financial Co. However, with the stock underperforming and shares trending downward, it may be a wise move to sell now and reinvest the proceeds into a more promising investment. Live Quote…

About the Company

VI Analysis

LAKELAND FINANCIAL is a company with strong fundamentals that reflect its long-term potential. The company is classified as a “rhino” by the VI Star Chart, indicating that it has achieved moderate revenue or earnings growth. Investors interested in this company may be attracted by its high health score of 10/10 with regard to its cash flows and debt, indicating that it is capable of paying off debt and funding future operations. LAKELAND FINANCIAL is also strong in profitability, asset quality, and dividend payments, making it an attractive investment for those looking for a company with a solid foundation. More…

VI Peers

The bank operates over 60 branches in northern and central Indiana. Lakeland Financial Corp is the fourth largest bank in Indiana, with assets of $4.6 billion. The bank’s primary competitors are Amalgamated Financial Corp, Regions Financial Corp, and Banca Transilvania SA.

– Amalgamated Financial Corp ($NASDAQ:AMAL)

Amalgamated Financial Corporation is a holding company that operates through its subsidiaries in the life insurance, annuity, and asset management businesses in the United States. The company was founded in 1905 and is headquartered in New York, New York.

– Regions Financial Corp ($NYSE:RF)

Regions Financial Corporation is a bank holding company headquartered in Birmingham, Alabama. The company provides retail and commercial banking, trust, securities brokerage, mortgage and insurance products and services. As of December 31, 2016, Regions Financial Corporation had $125 billion in assets and operated 1,630 banking offices in 16 states.

– Banca Transilvania SA ($LTS:0DP9)

Banca Transilvania SA is a Romanian banking company with a market cap of 15.23B as of 2022. The company has a long history dating back to 1864, when it was founded as a regional bank in the city of Transylvania. Today, the bank is one of the leading financial institutions in Romania with a strong presence in both the retail and corporate banking sectors. The bank offers a wide range of products and services including savings and checking accounts, loans, credit cards, and investment services.

Summary

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. The ex-dividend date is Friday, February 1st. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

The disclosure for this sale can be found here. Lakeland Financial Corporation operates as the holding company for Lakeland Bank that provides various banking products and services in northern and central New Jersey, and eastern Pennsylvania. It offers various deposit products and services to retail and commercial customers, including checking accounts, money market deposit accounts, NOW accounts, savings accounts, time deposits, and certificates of deposit; and loans comprising commercial real estate loans; commercial loans; construction loans; residential mortgage loans; home equity loans; and consumer loans consisting of personal installment loans and lines of credit to retail customers.