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Lakeland Financial Corp. (LKFN) President & CFO David M Findlay sells 6,400 Shares

Feb 08, 2012 | About:
insider
insider
President & CFO of Lakeland Financial Corp. (LKFN) David M Findlay sells 6,400 shares of LKFN on 02/07/2012 at an average price of $26.01 a share.

Lakeland Financial Corp. has a market cap of $416 million; its shares were traded at around $25.66 with a P/E ratio of 13.6 and P/S ratio of 2.9. The dividend yield of Lakeland Financial Corp. stocks is 2.4%. Lakeland Financial Corp. had an annual average earning growth of 3% over the past 10 years.


This is the insider trade history vs. stock price of LKFN. For the complete insider trading history of LKFN, click here.




Directors and Officers Recent Trades:


  • Director Charles E Niemier bought 520 shares of LKFN stock on 02/06/2012 at the average price of 26.09. Charles E Niemier owns at least 88,915 shares after this. The price of the stock has decreased by 1.65% since.
  • Senior Vice President Jonathan P Steiner bought 750 shares of LKFN stock on 12/14/2011 at the average price of 24.89. Jonathan P Steiner owns at least 1,018 shares after this. The price of the stock has increased by 3.09% since.
  • Director Charles E Niemier bought 568 shares of LKFN stock on 11/08/2011 at the average price of 23.72. Charles E Niemier owns at least 87,770 shares after this. The price of the stock has increased by 8.18% since.
  • Director Thomas Hiatt bought 246 shares of LKFN stock on 09/21/2011 at the average price of 20.31. Thomas Hiatt owns at least 4,588 shares after this. The price of the stock has increased by 26.34% since.
  • Director M Scott Welch bought 10,000 shares of LKFN stock on 09/09/2011 at the average price of 20. M Scott Welch owns at least 72,150 shares after this. The price of the stock has increased by 28.3% since.


For the complete insider trading history of LKFN, click here.

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


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