Lakeland Financial Corp (NASDAQ: LKFN) saw an insider purchase this week when director Welch M Scott bought 10,000 shares of common stock on February 27, 2026. The shares were acquired at $57.95 each, bringing the total value of the trade to $579,500. After the purchase, Scott directly holds 49,000 shares of Lakeland Financial through an LLP.
The transaction price is closely aligned with the company’s prevailing market price of $57.88. Lakeland Financial carries a $1.45 billion market capitalization and trades at a price-to-earnings ratio of 14.28.
Analytical commentary from InvestingPro included in company data positions LKFN as appearing undervalued when measured against its Fair Value assessment, listing the stock among opportunities on the Most Undervalued list. The company also offers a 3.46% dividend yield and, according to InvestingPro Tips, has increased its dividend for 12 consecutive years. InvestingPro Tips is noted to provide six additional exclusive tips for investors in LKFN.
Operationally, Lakeland reported fourth-quarter 2025 earnings of $1.16 per share, which exceeded consensus estimates by 9.4%. The company highlighted favorable revenue trends during the quarter, recorded no loan loss provisions, and benefited from a reduced tax rate. In response to the quarterly results, Stephens raised its price target for Lakeland Financial to $66 while maintaining an Equal Weight rating.
Separately, Lakeland Financial announced a 4% increase in its quarterly cash dividend to $0.52 per share for the first quarter of 2026. That dividend is payable on February 5, 2026.
On the corporate leadership front, Lake City Bank, a Lakeland Financial subsidiary, elevated Donald J. Robinson-Gay to Executive Vice President, Chief Credit Officer. In his expanded role, Robinson-Gay will continue to manage the bank’s loan portfolio and will oversee credit quality and credit policy matters.
Taken together, the insider purchase, the quarterly results and the corporate personnel move represent recent developments in Lakeland Financial’s shareholder and operational landscape. The available data underscore dividend continuity, reported earnings resilience in the period, and a change in senior credit management at the bank unit.