Landmark Bancorp (NASDAQ:LARK) Issues Quarterly Earnings Results

Landmark Bancorp (NASDAQ:LARK) announced its quarterly earnings data on Wednesday. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.05, FiscalAI reports. The company had revenue of $19.18 million during the quarter, compared to analyst estimates of $11.32 million. Landmark Bancorp had a net margin of 20.56% and a return on equity of 12.63%.

Landmark Bancorp Stock Performance

LARK stock traded down $0.32 during trading on Friday, hitting $31.59. 1,558 shares of the company’s stock traded hands, compared to its average volume of 9,107. The stock has a market capitalization of $192.70 million, a price-to-earnings ratio of 9.60 and a beta of 0.39. Landmark Bancorp has a 52 week low of $22.56 and a 52 week high of $32.39. The stock has a fifty day moving average price of $29.94 and a two-hundred day moving average price of $27.87. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.55.

Landmark Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, August 13th. This represents a $0.84 annualized dividend and a yield of 2.7%. Landmark Bancorp’s payout ratio is presently 26.92%.

Insider Transactions at Landmark Bancorp

In other news, Director Jim Lewis sold 900 shares of Landmark Bancorp 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 completion of the transaction, the director directly owned 153,196 shares of the company’s stock, valued at approximately $4,516,218.08. The trade was a 0.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Patrick L. Alexander sold 3,300 shares of Landmark Bancorp stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $28.51, for a total transaction of $94,083.00. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 7,672 shares of company stock worth $219,563. Insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On Landmark Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its holdings in shares of Landmark Bancorp by 55.1% during the third quarter. BNP Paribas Financial Markets now owns 1,103 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 392 shares during the last quarter. Jones Financial Companies Lllp lifted 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 during the last quarter. JPMorgan Chase & Co. boosted its position in Landmark Bancorp by 8,612.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,178 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 2,153 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Landmark Bancorp during the 2nd quarter worth $66,000. Finally, New York State Common Retirement Fund acquired a new stake in Landmark Bancorp in the second quarter worth $108,000. 25.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LARK. Weiss Ratings raised shares of Landmark Bancorp from a “hold (c)” rating to a “buy (b)” rating in a research report on Wednesday, July 8th. Wall Street Zen raised Landmark Bancorp from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Landmark Bancorp has an average rating of “Buy”.

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.