OTCPK:LFGP

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Ledyard Financial Group

Executive Summary

Ledyard Financial Group, Inc. operates as the bank holding company for Ledyard National Bank that provides retail and commercial banking, and wealth advisory services to personal and business customers in Central New Hampshire and Vermont.


Snowflake Analysis

Flawless balance sheet with solid track record and pays a dividend.

Share Price & News

How has Ledyard Financial Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LFGP has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-7.1%

LFGP

3.8%

US Banks

1.9%

US Market


1 Year Return

-18.7%

LFGP

-19.0%

US Banks

16.4%

US Market

Return vs Industry: LFGP exceeded the US Banks industry which returned -20% over the past year.

Return vs Market: LFGP underperformed the US Market which returned 16.3% over the past year.


Shareholder returns

LFGPIndustryMarket
7 Day-7.1%3.8%1.9%
30 Day-8.5%5.4%4.5%
90 Day-14.8%13.7%17.6%
1 Year-16.5%-18.7%-16.1%-19.0%18.9%16.4%
3 Year-15.9%-23.3%-10.1%-17.4%44.1%34.8%
5 Year16.2%-1.4%13.8%-0.07%75.3%56.3%

Price Volatility Vs. Market

How volatile is Ledyard Financial Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Ledyard Financial Group undervalued compared to its fair value and its price relative to the market?

9.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LFGP ($16.1) is trading below our estimate of fair value ($17.74)

Significantly Below Fair Value: LFGP is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: LFGP is good value based on its PE Ratio (8.2x) compared to the US Banks industry average (9.9x).

PE vs Market: LFGP is good value based on its PE Ratio (8.2x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate LFGP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: LFGP's PB Ratio (0.9x) is in line with the US Banks industry average.


Next Steps

Future Growth

How is Ledyard Financial Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

26.7%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ledyard Financial Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Examine whether Ledyard Financial Group is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on theOTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Ledyard Financial Group's filings and announcementshere.
  • Explore growth companies in the Banks industry.

Past Performance

How has Ledyard Financial Group performed over the past 5 years?

9.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LFGP has high quality earnings.

Growing Profit Margin: LFGP's current net profit margins (21.8%) are higher than last year (19.3%).


Past Earnings Growth Analysis

Earnings Trend: LFGP's earnings have grown by 9.5% per year over the past 5 years.

Accelerating Growth: LFGP's earnings growth over the past year (13.3%) exceeds its 5-year average (9.5% per year).

Earnings vs Industry: LFGP earnings growth over the past year (13.3%) exceeded the Banks industry -2.9%.


Return on Equity

High ROE: LFGP's Return on Equity (10.1%) is considered low.


Next Steps

Financial Health

How is Ledyard Financial Group's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: LFGP's Assets to Equity ratio (10.1x) is moderate.

Allowance for Bad Loans: LFGP has a sufficient allowance for bad loans (489%).

Low Risk Liabilities: 80% of LFGP's liabilities are made up of primarily low risk sources of funding.

Loan Level: LFGP has an appropriate level of Loans to Assets ratio (57%).

Low Risk Deposits: LFGP's Loans to Deposits ratio (79%) is appropriate.

Level of Bad Loans: LFGP has an appropriate level of bad loans (0.3%).


Next Steps

Dividend

What is Ledyard Financial Group current dividend yield, its reliability and sustainability?

4.72%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: LFGP's dividend (4.72%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: LFGP's dividend (4.72%) is in the top 25% of dividend payers in the US market (4.35%)


Stability and Growth of Payments

Stable Dividend: LFGP's dividends per share have been stable in the past 10 years.

Growing Dividend: LFGP's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (38.6%), LFGP's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average board tenure


CEO

Kathy Underwood (61 yo)

13.58yrs

Tenure

Ms. Kathryn Grant Underwood, also known as Kathy, serves as the President and Chief Executive Officer of Ledyard Financial Group, Inc. and its subsidiary, Ledyard National Bank. Ms. Underwood has been the ...


Board Members

NamePositionTenureCompensationOwnership
Kathryn Underwood
President13.58yrsno datano data
Cotton Cleveland
Independent Director13.58yrsno datano data
Bruce King
Co-Vice Chairmanno datano datano data
Andrew Samwick
Independent Co-Vice Chairmanno datano datano data
Margaret Rightmire
Chairman of the Board1.25yrsno datano data
Teresa Rosenberger
Director2.58yrsno datano data
Robert Wetzel
Director5.58yrsno datano data
Mark Beliveau
Director1.83yrsno datano data
Willemien Miller
Director1.67yrsno datano data
Jay Benson
Director1.08yrsno datano data
Judith Maloy
Director0.58yrno datano data

1.8yrs

Average Tenure

61yo

Average Age

Experienced Board: LFGP's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Ledyard Financial Group, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ledyard Financial Group, Inc.
  • Ticker: LFGP
  • Exchange: OTCPK
  • Founded: 1991
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$52.204m
  • Shares outstanding: 3.24m
  • Website: https://www.ledyardbank.com

Location

  • Ledyard Financial Group, Inc.
  • 38 South Main Street
  • PO Box 799
  • Hanover
  • New Hampshire
  • 3755
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LFGPOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMar 2006

Biography

Ledyard Financial Group, Inc. operates as the bank holding company for Ledyard National Bank that provides retail and commercial banking, and wealth advisory services to personal and business customers in ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/10 00:30
End of Day Share Price2020/08/06 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.