Patriot Financial Group Insurance Agency 13F: Exits LAMR Stake

Patriot Financial Group Insurance Agency completely closed out its holdings in Lamar Advertising Company (NasdaqGS: LAMR), according to a Form 13F filed with the Securities and Exchange Commission on October 14, 2026.

Inside Patriot Financial Group's Lamar Advertising Trade

The firm parted ways with its entire stake during the reporting period, selling off all 10,342 shares it previously held. Because 13F filings look backward at holdings from the end of the previous quarter, this disclosure reflects past positioning and might not reflect the fund's current stance.

Other Institutional Activity in Lamar Advertising

Other large asset managers adjusted their positions earlier in the year. Blackrock Inc. reduced its holdings by 368,356 shares, ending with 9,614,182 shares worth about $1.44 billion. Vanguard Portfolio Management LLC grew its holdings by 21,706 shares, ending with 7,506,411 shares worth about $1.13 billion. Vanguard Capital Management LLC grew its holdings by 29,625 shares, ending with 3,927,671 shares worth about $589.5 million. FMR, LLC reduced its holdings by 633,249 shares, ending with 3,170,047 shares worth about $475.8 million. Geode Capital Management, LLC grew its holdings by 273,879 shares, ending with 2,807,453 shares worth about $421.4 million.

Lamar Advertising Company Stock Up 0.8%

Lamar shares recently traded near $149.20 as of October 16, 2026. The stock sits about 10.3% below its 52-week high of $166.33 and roughly 4.1% above its 200-day moving average of $143.28. The company carries a trailing price-to-earnings ratio of 27.5.

Recent Earnings

Lamar generated $2.33 billion in trailing-twelve-month revenue with earnings of $5.45 per share. Investors are watching for the company's next earnings report on November 5, 2026.

Dividend

The company pays an annual dividend of $6.60 per share, yielding 4.46% with a payout ratio of 115.0%.

Insider Buying and Selling at Lamar Advertising Company

Chief Financial Officer Jay Lecoryelle Johnson sold 1,260 shares on March 5, 2026, at an average price of $137.56 for a total value of $173,326. Insider Ross Lamar Reilly sold 5,969 shares on March 23, 2026, at $128.65 per share worth $767,912. Later, Johnson sold another 10,000 shares on May 11, 2026, at $157.02 per share totaling $1.57 million. Director Thomas V Reifenheiser sold 8,099 shares on September 14, 2026, at $149.03 per share worth $1.21 million.

Analysts Set New Price Targets

Citigroup downgraded the stock to Neutral on July 10, 2026, raising its target to $160.00 from $145.00. JP Morgan maintained a Neutral rating on August 7, 2026, with a target of $160.00. Wells Fargo maintained an Equal-Weight rating on August 12, 2026, lifting its target to $151.00. Analysts hold a consensus mean target price of $162.20 across five analyst opinions.

About Lamar Advertising Company

Headquartered in Baton Rouge, Louisiana, Lamar Advertising operates a massive network of outdoor displays, billboards, transit formats, and airport advertising structures across North America, connecting local businesses and national brands with broad audiences.

Bottom Line

Patriot Financial Group's complete exit removes it from Lamar's shareholder base as the outdoor advertising REIT approaches its early November earnings update. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.