Lakeland (LBAI) has disclosed a new risk, in the Share Price & Shareholder Rights category.
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In light of the recent turmoil within the financial services industry, Lakeland faces heightened business risks. The failures of notable banks have eroded trust across the sector, increasing the likelihood of tightened regulations and higher capital requirements which could materially affect Lakeland’s operations. Additionally, these events have injected significant volatility into the market, potentially harming Lakeland’s stock price and overall financial stability. The company may also confront rising costs due to increased FDIC premiums, further straining its liquidity and capitalization amidst a precarious economic environment.
Overall, Wall Street has a Hold consensus rating on LBAI stock based on 2 Holds.
To learn more about Lakeland’s risk factors, click here.
