|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||18.75 - 18.75|
|52 Week Range||13.00 - 26.00|
|Beta (5Y Monthly)||0.67|
|PE Ratio (TTM)||9.57|
|Forward Dividend & Yield||0.76 (4.05%)|
|Ex-Dividend Date||Nov 12, 2020|
|1y Target Est||N/A|
Ledyard National Bank has been named one of the Best Banks to Work For in 2020 by American Banker, the banking industry’s premier daily newspaper.
Ledyard Financial Group (Ticker Symbol: LFGP) announced today a regular quarterly dividend of $0.19 payable December 4, 2020 to shareholders of record as of November 13, 2020.
Ledyard Financial Group, Inc. (ticker symbol LFGP), the holding company for Ledyard National Bank, is proud to announce record quarterly and year-to-date earnings. This is the third straight quarter with record earnings. We are very proud of these results but remain focused on the emerging risk the organization faces due to the resurgence in Covid-19 cases. The pandemic’s full impact on both the national and local economy continues to be highly uncertain. Our focus remains on strengthening our financial position by building our reserve for loan losses and taking the necessary steps to preserve core earnings as evidenced by our strong third quarter and year-to-date results. As a community bank we continue to focus on the safety of our employees, our customers, and the communities we serve during these highly unusual times. We entered this crisis in a position of strength and will continue to focus on supporting the core constituents we serve. Net income for the quarter ended September 30, 2020, was $1,717,884 or $0.54 per share compared to $1,579,252 or $0.50 per share for the same period in 2019, an increase of $138,632 or 8.8%. Net income for the nine months ended September 30, 2020, was $4,975,996 or $1.57 per share compared to $4,450,057 or $1.42 per share for the same period in 2019, an increase of $525,939 or 11.8%. The underlying results for the Company were extremely positive, but we are expecting significant challenges ahead, in both the level of problem loans and continued volatility in the equity markets which could potentially have an adverse impact on our financial results.