Lakeland Financial Stock Intrinsic Value – Lakeland Financial Insiders Sell Off Over US$5.2m of Stock, Suggesting Hesitancy
July 7, 2023
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Lakeland Financial ($NASDAQ:LKFN) Corporation is a financial services holding company that operates primarily through its bank subsidiary, Lake City Bank, which serves northern and central Indiana and southwestern Michigan. The company has been gaining attention recently due to the significant amount of stock that insiders have sold in the past year. Over the course of the year, insiders of the company have sold off a total of US$5.2 million in corporate shares, suggesting a certain level of hesitation. The most significant part of the insider selling involved two different board members of the Lakeland Financial Corporation. In addition to this, other insiders also sold off US$2.1 million in shares.
The extent of the selling has raised concerns among analysts and investors alike. It’s unclear whether this insider activity is a sign of hesitation or something more serious. Still, it has generated questions about the company’s overall financial health and triggered some investors to take a cautionary stance towards their investments in Lakeland Financial.
Market Price
Recent insider trading activities at LAKELAND FINANCIAL have raised eyebrows, as insiders have sold off over US$5.2 million worth of stock in the last few weeks. On Thursday, LAKELAND FINANCIAL stock opened at $47.6 and closed at $47.1, down by 2.1% from its previous closing price of 48.1. The large amount of stock sold by insiders has been interpreted as a sign of hesitation or lack of faith in the company’s future prospects. It is not clear what the reasons behind the sales are, and more details may be revealed in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lakeland Financial. More…
| Total Revenues | Net Income | Net Margin |
| – | 104.45 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lakeland Financial. More…
| Operations | Investing | Financing |
| 169.34 | -626.52 | -95.78 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lakeland Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.41k | 5.81k | – |
Key Ratios Snapshot
Some of the financial key ratios for Lakeland Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.9% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Lakeland Financial Stock Intrinsic Value
At GoodWhale, we recently conducted an analysis of LAKELAND FINANCIAL‘s wellbeing. After analyzing the company’s financials and making projections, we concluded that the intrinsic value of LAKELAND FINANCIAL share is around $76.0. This was calculated by our proprietary valuation line, which takes into account a variety of key metrics and trends in order to create an accurate representation of a company’s value. Currently, LAKELAND FINANCIAL stock is traded at $47.1, which is significantly below our estimated intrinsic value. This indicates that the stock is undervalued by 38.0%, presenting a good opportunity for investors. More…
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
Investors have taken notice of the large amount of insider selling of Lakeland Financial Corporation shares in the past year, with insiders selling more than US$5.2 million worth of shares. This suggests that insiders are not as confident in the company’s performance as they have been in the past, and is definitely a factor potential investors should consider when evaluating Lakeland Financial. Due to the high amount of insider selling, investors should also monitor the stock to gain further insight into potential future performance.
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