Landmark Bancorp (NASDAQ:LARK) Posts Earnings Results, Hits Estimates

Key Points

• Landmark Bancorp met earnings expectations, reporting quarterly EPS of $0.89 and revenue of $19.24 million, slightly above the $19.10 million analyst forecast.
• The company declared a quarterly dividend of $0.21, equivalent to $0.84 annually and a 2.6% yield, with payment scheduled for November 27.
• Shares slipped 0.1% to $32.09, while analyst sentiment remained positive, with the stock carrying a consensus “Buy” rating.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) released its quarterly earnings results on Wednesday. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.89, FiscalAI reports. The business had revenue of $19.24 million during the quarter, compared to analysts' expectations of $19.10 million. Landmark Bancorp had a return on equity of 12.49% and a net margin of 20.56%.

Landmark Bancorp Trading Down 0.1%

Landmark Bancorp stock traded down $0.03 during mid-day trading on Wednesday, hitting $32.09. The stock had a trading volume of 2,921 shares, compared to its average volume of 8,940. The stock has a 50-day simple moving average of $31.86 and a two-hundred day simple moving average of $29.10. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $195.78 million, a PE ratio of 9.76 and a beta of 0.40. Landmark Bancorp has a 12 month low of $23.57 and a 12 month high of $34.60.

Landmark Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Thursday, November 12th will be issued a $0.21 dividend. The ex-dividend date is Thursday, November 12th. This represents a $0.84 annualized dividend and a yield of 2.6%. Landmark Bancorp's dividend payout ratio (DPR) is currently 25.53%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LARK shares. Zacks Research upgraded shares of Landmark Bancorp to a "hold" rating in a research report on Tuesday, August 4th. Weiss Ratings upgraded shares of Landmark Bancorp from a "buy (b)" rating to a "buy (a-)" rating in a research report on Friday, October 16th. Finally, Wall Street Zen raised shares of Landmark Bancorp from a "hold" rating to a "buy" rating in a research note on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy".

Landmark Bancorp Company Profile

Landmark Bancorp, Inc is a bank holding company headquartered in Manhattan, Kansas. Through its principal subsidiary, Landmark National Bank, the company provides community banking services to individuals, families, farmers, and businesses.

Landmark National Bank offers a range of financial products, including checking and savings accounts, certificates of deposit, consumer loans, residential and commercial real estate loans, agricultural lending, and business financing. The bank also provides online and mobile banking, treasury management, wealth management, and other services designed to support personal and commercial financial needs.

The company serves communities primarily across Kansas through a network of banking locations and electronic delivery channels.

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