The stock of Lake Sunapee Bank Group (NASDAQ:LSBG) hit a new 52-week high and has $22.41 target or 3.00% above today’s $21.76 share price. The 6 months bullish chart indicates low risk for the $182.27M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $22.41 price target is reached, the company will be worth $5.47M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 11,426 shares traded hands. Lake Sunapee Bank Group (NASDAQ:LSBG) has risen 55.38% since April 28, 2016 and is uptrending. It has outperformed by 49.46% the S&P500.
Analysts await Lake Sunapee Bank Group (NASDAQ:LSBG) to report earnings on February, 7.
According to Zacks Investment Research, “Lake Sunapee Bank Group is the holding company of Lake Sunapee Bank which provides banking and financial services. Lake Sunapee Bank Group, formerly known as New Hampshire Thrift Bancshares, Inc., is based in NEWPORT NH.”
More news for Lake Sunapee Bank Group (NASDAQ:LSBG) were recently published by: Businesswire.com, which released: “Bar Harbor Bankshares Expands Into New Hampshire and Vermont with Lake Sunapee …” on May 05, 2016. Vnews.com‘s article titled: “Lake Sunapee Bank to Be Acquired by Bar Harbor Bankshares” and published on May 06, 2016 is yet another important article.
LSBG Company Profile
Lake Sunapee Bank Group, formerly New Hampshire Thrift Bancshares, Inc., incorporated on March 8, 1989, is a savings and loan holding company. The Firm operates through two divisions: Banking and Wealth Management. The Banking segment provides an array of lending and depository-related services and products to individuals, businesses and municipal enterprises. The Banking segment also provides commercial insurance and consumer products, including life, health, auto and homeowner insurance, through McCrillis & Eldredge Insurance, Inc. (McCrillis & Eldredge) and brokerage services through Lake Sunapee Financial Services Corporation. The Wealth Management segment provides trust and investment services through Charter Holding and Charter Trust. The Firm is the parent firm of Lake Sunapee Bank, fsb (the Bank), a federally chartered savings association. The Bank is a full-service community institution promoting the ideals of thrift, security, home ownership and financial independence for its customers.
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