Landmark Bancorp (NASDAQ:LARK) Posts Quarterly Earnings Results

Key Points

• Landmark Bancorp reported a quarterly earnings of $0.75 per share, with a net margin of 17.55% and revenue of $17.31 million.
• The company announced a quarterly dividend of $0.21 per share, yielding an annualized rate of 3.21%, with a dividend payout ratio of 32.43%.
• Shares of Landmark Bancorp were downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, indicating a shift in analyst sentiment.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) issued its quarterly earnings data on Thursday. The financial services provider reported $0.75 EPS for the quarter, Zacks reports. Landmark Bancorp had a net margin of 17.55% and a return on equity of 12.28%. The business had revenue of $17.31 million during the quarter.

Landmark Bancorp Stock Down 0.6%

LARK stock traded down $0.15 on Wednesday, reaching $25.13. 11,372 shares of the company traded hands, compared to its average volume of 21,076. Landmark Bancorp has a one year low of $18.34 and a one year high of $31.04. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.82 and a quick ratio of 0.81. The company has a market cap of $145.33 million, a P/E ratio of 8.92 and a beta of 0.22. The firm has a fifty day simple moving average of $27.27 and a 200-day simple moving average of $26.60.

Landmark Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Wednesday, August 13th. Landmark Bancorp's dividend payout ratio (DPR) is presently 29.79%.

Insider Buying and Selling at Landmark Bancorp

In other news, Director Michael E. Scheopner sold 41,058 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $30.01, for a total transaction of $1,232,150.58. Following the completion of the transaction, the director directly owned 80,316 shares in the company, valued at $2,410,283.16. This trade represents a 33.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 44,058 shares of company stock worth $1,321,347 in the last ninety days. 12.80% of the stock is owned by company insiders.

Institutional Trading of Landmark Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp increased its holdings in shares of Landmark Bancorp by 341.5% in the 1st quarter. Jones Financial Companies Lllp now owns 2,000 shares of the financial services provider's stock worth $54,000 after purchasing an additional 1,547 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Landmark Bancorp in the 1st quarter worth about $213,000. Jane Street Group LLC bought a new stake in Landmark Bancorp in the 1st quarter worth about $308,000. Finally, Empowered Funds LLC increased its holdings in Landmark Bancorp by 2.6% in the 1st quarter. Empowered Funds LLC now owns 14,933 shares of the financial services provider's stock worth $407,000 after buying an additional 377 shares in the last quarter. 25.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Landmark Bancorp from a "buy" rating to a "hold" rating in a research report on Saturday.

About Landmark Bancorp

Landmark Bancorp, Inc operates as the financial holding company for Landmark National Bank that provides various financial and banking services to its local communities. It offers non-interest bearing demand, money market, checking, and savings accounts, as well as certificates of deposit. The company also provides one-to-four family residential real estate, construction and land, commercial real estate, commercial, paycheck protection program, municipal, and agriculture loans; and consumer and other loans, such as automobile, boat, and home improvement and home equity loans, as well as insurance, and mobile and online banking services.