A director of Lakeland Financial, Bradley J. Toothaker, executed a sale of 5,685 shares of the company's common stock on February 23, 2026, according to a recent SEC filing. The shares were sold at $58.3628 apiece, producing a total transaction value of $331,792.
Following the disposition, Toothaker holds 20,178 shares of Lakeland Financial directly. The company's stock is currently trading at $57.75, carries a price-to-earnings ratio of 14.43, and yields 3.55% in dividends.
Market analysis on InvestingPro identifies Lakeland Financial as appearing undervalued at current levels and places the stock on the platform's list of most undervalued stocks. The company has also maintained dividend payments for 32 consecutive years, a record noted alongside the recent yield and payout level.
Quarterly results and corporate actions
Lakeland Financial reported fourth-quarter 2025 earnings of $1.16 per share, a result that exceeded consensus estimates by 9.4%. Management highlighted favorable revenue trends, recorded no loan loss provision for the quarter, and benefited from a lower tax rate, each of which was cited in the company's results.
In response to the quarter, Stephens adjusted its price target for the company to $66.00 while retaining an Equal Weight rating on the shares. Separately, the company declared a 4% increase in its quarterly cash dividend, raising the payout to $0.52 per share for the first quarter of 2026, up from the $0.50 per share distributed throughout 2025.
On the personnel front, Lake City Bank, a subsidiary of Lakeland Financial, promoted Donald J. Robinson-Gay to the role of Executive Vice President and Chief Credit Officer. In that position, Robinson-Gay will be responsible for managing the bank's loan portfolio and overseeing credit quality and related policies.
Contextual notes
These developments - the insider sale, quarterly financial results, the dividend increase, the analyst price-target adjustment, and the executive promotion at Lake City Bank - are presented as recent company actions and disclosures. The reported facts above reflect the information contained in filings and company announcements.
Key points
- Insider transaction: Director Bradley J. Toothaker sold 5,685 shares on February 23, 2026, for $331,792; he now directly owns 20,178 shares.
- Financial results: Lakeland Financial reported Q4 2025 EPS of $1.16, beating consensus by 9.4%, with favorable revenue trends, no loan loss provision, and a lower tax rate.
- Dividend and analyst move: Quarterly dividend increased to $0.52 for Q1 2026 (a 4% rise), and Stephens raised its price target to $66.00 while maintaining an Equal Weight rating.
Risks and uncertainties
- Insider selling may prompt investor scrutiny of executive share activity; market reaction could affect the regional banking and financial services sectors.
- Despite the favorable quarter, future earnings and credit performance remain subject to loan portfolio dynamics and credit quality overseen by the newly promoted Chief Credit Officer.
- Valuation assessments, such as the InvestingPro view that the stock appears undervalued, represent one analysis and may not reflect all market opinions or future price movement.