Ledyard Financial Group (LFGP) AI Stock Analysis

Ledyard Financial Group

(Other OTC:LFGP)

Select Model

Rating:64Neutral

Price Target:$23.50▲(7.11% Upside)

Action:downgraded

Date:10/31/26

The score is driven primarily by moderate financial performance: improved 2025 profitability and solid recent cash generation are tempered by a sharp revenue decline and higher leverage. Valuation is supportive with a low P/E and strong dividend yield, while technical signals are only mildly constructive due to a negative MACD despite prices holding above key moving averages.

Positive Factors

Profitability ReboundThe sharp improvement in net margin and operating profitability indicates that Ledyard converted a greater share of revenue into earnings in 2025. If maintained, stronger profitability can support capital formation, service investment, and resilience across the bank’s lending, deposit, and wealth-management activities.

Negative Factors

Revenue VolatilityThe material 2025 revenue decline after two years of growth raises concerns about the durability and consistency of Ledyard’s earnings base. Greater revenue volatility can pressure profitability, limit the pace of balance-sheet expansion, and make results more sensitive to changes in lending and banking activity.

Ledyard Financial Group (LFGP) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $76.45M
Dividend Yield: 3.83%
Average Volume (3M): 3,151
Price to Earnings (P/E): 10.9
Beta (1Y): 0.23
Revenue Growth: 25.29%
EPS Growth: 43.11%
Country: US
Employees: 120
Sector: Financial
Sector Strength: 68
Industry: Banks - Regional

Ledyard Financial Group Business Overview & Revenue Model

Company Description

Ledyard Financial Group, Inc. operates as the bank holding company for Ledyard National Bank that provides retail and commercial banking, and wealth advisory services in New Hampshire and Vermont. It operates in two segments, Banking and Wealth Advis...

How the Company Makes Money

LFGP makes money primarily through its banking and wealth management activities. (1) Net interest income: The core earnings driver is the spread between interest earned on loans and other interest-earning assets and interest paid on deposits and othe...

Ledyard Financial Group Financial Statement Overview

Summary

Profitability rebounded in 2025 with a higher net margin and improved ROE, and cash generation was a relative strength with strong free-cash-flow coverage of net income. Offsetting this, revenue declined sharply in 2025 and leverage increased (higher debt-to-equity), indicating more cyclicality and reduced balance-sheet flexibility.

Income Statement

66Positive

Balance Sheet

57Neutral

Cash Flow

71Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	47.06M	43.29M	54.86M	42.61M	31.97M	34.33M
Gross Profit	46.28M	42.42M	32.61M	30.69M	33.53M	33.76M
EBITDA	8.31M	7.38M	4.45M	3.79M	8.44M	9.46M
Net Income	6.76M	6.03M	3.26M	3.17M	6.98M	7.77M
Balance Sheet
Total Assets	1.07B	1.06B	950.47M	856.11M	743.46M	771.14M
Cash, Cash Equivalents and Short-Term Investments	0	5.16M	60.91M	189.98M	144.54M	367.32M
Total Debt	123.59M	104.66M	74.30M	99.54M	105.90M	12.25M
Total Liabilities	1.01B	997.93M	893.93M	800.09M	690.47M	698.44M
Stockholders Equity	64.88M	62.81M	56.54M	56.02M	53.00M	72.71M
Cash Flow
Free Cash Flow	0	8.04M	5.50M	1.71M	5.66M	9.83M
Operating Cash Flow	0	9.36M	8.13M	2.27M	7.98M	10.39M
Investing Cash Flow	0	-68.70M	-81.03M	-102.91M	-84.58K	-117.58M
Financing Cash Flow	0	98.88M	89.42M	110.45M	-8.50M	76.32M

Ledyard Financial Group Technical Analysis

Technical Analysis SentimentPositive

Last Price21.94

Price Trends

50DMA21.88Positive

100DMA20.77Positive

200DMA18.59Positive

Market Momentum

MACD-0.18Negative

RSI59.87Neutral

STOCH66.67Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LFGP, the sentiment is Positive. The current price of 21.94 is above the 20-day moving average (MA) of 21.46, above the 50-day MA of 21.88, and above the 200-day MA of 18.59, indicating a bullish trend. The MACD of -0.18 indicates Negative momentum. The RSI at 59.87 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LFGP.

Ledyard Financial Group Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

LFGP against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OPHC	83Outperform	$115.50M	5.29	16.39%	―	24.01%	20.16%
ASRV	70Outperform	$83.42M	9.14	7.48%	2.44%	2.43%	75.47%
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
TCBS	65Neutral	$49.87M	14.34	6.14%	1.44%	5.94%	51.02%
LFGP	64Neutral	$79.38M	10.86	12.29%	3.83%	25.29%	43.11%
HFBL	64Neutral	$69.25M	10.68	11.12%	2.49%	7.94%	43.98%

* Financial Sector Average

Performance Comparison

LFGP and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
LFGP	Ledyard Financial Group	21.94	8.81	67.14%
ASRV	AmeriServ Financial, Inc.	4.91	1.88	62.15%
HFBL	Home Federal Bancorp Inc. Of Louisiana	22.85	6.90	43.23%
OPHC	Optimumbank	9.15	5.05	123.17%
TCBS	Texas Community Bancshares, Inc.	17.36	1.70	10.83%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 31, 2026

Ledyard Financial Group AI Stock Analysis