The EVP & COO of Lakeland Financial (NASDAQ: LKFN) is Selling Shares

By Carrie Williams

Today, the EVP & COO of Lakeland Financial (LKFNResearch Report), Michael Gavin, sold shares of LKFN for $18.76K.

Following Michael Gavin’s last LKFN Sell transaction on February 06, 2019, the stock climbed by 2.2%.

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Based on Lakeland Financial’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $65.53 million and quarterly net profit of $21.45 million. In comparison, last year the company earned revenue of $60.81 million and had a net profit of $20.57 million. The company has a one-year high of $49.20 and a one-year low of $37.79. Currently, Lakeland Financial has an average volume of 72.12K.

The insider sentiment on Lakeland Financial has been negative according to 57 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Michael Gavin’s trades have generated a -12.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Lakeland Financial Corp. is a bank holding company, which engages in the provision of banking products and services through its wholly-owned subsidiary Lake City Bank. It offers commercial and consumer banking, trust and wealth management, brokerage, and treasury management commercial services.