Landmark Bancorp (NASDAQ:LARK) Announces Earnings Results

Landmark Bancorp (NASDAQ:LARK) announced its earnings results on Wednesday. The financial services provider reported $0.77 earnings per share for the quarter, FiscalAI reports. The company had revenue of $18.69 million during the quarter. Landmark Bancorp had a net margin of 19.56% and a return on equity of 12.61%.

Landmark Bancorp Stock Performance

NASDAQ LARK traded down $1.00 on Friday, reaching $27.00. The stock had a trading volume of 492 shares, compared to its average volume of 4,963. The stock has a market cap of $163.89 million, a P/E ratio of 8.81 and a beta of 0.29. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.84 and a current ratio of 0.84. The business’s 50-day moving average price is $27.16 and its 200 day moving average price is $25.74. Landmark Bancorp has a 12-month low of $21.31 and a 12-month high of $29.56.

Landmark Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 12th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, February 12th. This is a positive change from Landmark Bancorp’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 3.1%. Landmark Bancorp’s dividend payout ratio is 26.06%.

Insider Activity

In other Landmark Bancorp news, Director Patrick L. Alexander sold 9,000 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $28.54, for a total transaction of $256,860.00. Following the sale, the director directly owned 71,519 shares in the company, valued at approximately $2,041,152.26. The trade was a 11.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 12.80% of the company’s stock.

Institutional Trading of Landmark Bancorp

A number of large investors have recently made changes to their positions in LARK. Vanguard Group Inc. grew its holdings in shares of Landmark Bancorp by 1.5% during the third quarter. Vanguard Group Inc. now owns 240,289 shares of the financial services provider’s stock worth $6,413,000 after buying an additional 3,625 shares in the last quarter. Geode Capital Management LLC grew its holdings in Landmark Bancorp by 121.8% in the second quarter. Geode Capital Management LLC now owns 103,618 shares of the financial services provider’s stock valued at $2,740,000 after purchasing an additional 56,899 shares during the period. Bridgeway Capital Management LLC increased its position in Landmark Bancorp by 5.2% during the third quarter. Bridgeway Capital Management LLC now owns 44,387 shares of the financial services provider’s stock worth $1,185,000 after purchasing an additional 2,174 shares during the last quarter. Citadel Advisors LLC increased its holdings in shares of Landmark Bancorp by 18.1% during the 3rd quarter. Citadel Advisors LLC now owns 15,311 shares of the financial services provider’s stock worth $409,000 after buying an additional 2,343 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in Landmark Bancorp by 2.6% in the first quarter. Empowered Funds LLC now owns 14,933 shares of the financial services provider’s stock valued at $407,000 after acquiring an additional 377 shares during the last quarter. Institutional investors and hedge funds own 25.66% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Landmark Bancorp in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

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.