Landmark Bancorp (NASDAQ:LARK) Announces Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Landmark Bancorp (NASDAQ:LARK) released its earnings results on Wednesday. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.05, FiscalAI reports. Landmark Bancorp had a net margin of 19.67% and a return on equity of 12.22%. The firm had revenue of $19.18 million during the quarter, compared to analyst estimates of $19.36 million.

Landmark Bancorp Stock Down 0.3%

Shares of LARK opened at $31.93 on Thursday. The company has a 50-day simple moving average of $29.86 and a 200-day simple moving average of $27.83. The firm has a market capitalization of $194.77 million, a P/E ratio of 10.22 and a beta of 0.39. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.85 and a current ratio of 0.85. Landmark Bancorp has a 52 week low of $22.56 and a 52 week high of $32.39.

Landmark Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, August 13th. This represents a $0.84 annualized dividend and a dividend yield of 2.6%. Landmark Bancorp’s payout ratio is presently 26.92%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on LARK shares. Weiss Ratings upgraded Landmark Bancorp from a “hold (c)” rating to a “buy (b)” rating in a research note on Wednesday, July 8th. Wall Street Zen upgraded Landmark Bancorp from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Insider Activity

In related news, Director Patrick L. Alexander sold 3,300 shares of Landmark Bancorp stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $28.51, for a total transaction of $94,083.00. Following the sale, the director directly owned 700 shares of the company’s stock, valued at $19,957. This trade represents a 82.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jim Lewis sold 900 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $29.48, for a total value of $26,532.00. Following the transaction, the director owned 153,196 shares in the company, valued at $4,516,218.08. This represents a 0.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 7,672 shares of company stock valued at $219,563. 12.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Empowered Funds LLC lifted its position in Landmark Bancorp by 15.7% in the fourth quarter. Empowered Funds LLC now owns 21,372 shares of the financial services provider’s stock worth $560,000 after purchasing an additional 2,895 shares during the period. First Manhattan CO. LLC. raised its stake in shares of Landmark Bancorp by 5.0% in the 4th quarter. First Manhattan CO. LLC. now owns 20,475 shares of the financial services provider’s stock valued at $536,000 after buying an additional 975 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of Landmark Bancorp by 9.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 48,575 shares of the financial services provider’s stock worth $1,272,000 after acquiring an additional 4,188 shares during the period. Barclays PLC raised its position in Landmark Bancorp by 43.0% in the fourth quarter. Barclays PLC now owns 9,196 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 2,766 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Landmark Bancorp by 12.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 305,333 shares of the financial services provider’s stock worth $7,997,000 after purchasing an additional 33,610 shares during the period. 25.66% of the stock is currently owned by institutional investors and hedge funds.

Landmark Bancorp Company Profile

Landmark Bancorp, Inc is the bank holding company for Landmark Community Bank, a community?focused financial institution. The company provides a full range of deposit and lending products through its subsidiary, including checking and savings accounts, certificates of deposit, residential mortgages, home equity lines of credit and small business loans. Landmark Bancorp emphasizes personalized service, leveraging local decision-making to meet the unique needs of individuals and local enterprises.

In addition to traditional deposit and lending services, Landmark Bancorp offers comprehensive cash-management and treasury solutions for commercial clients.