Landmark Bancorp (NASDAQ:LARK) Releases Earnings Results, Meets Expectations

Landmark Bancorp (NASDAQ:LARK) released its quarterly earnings data on Wednesday. The financial services provider reported $0.89 earnings per share for the quarter, hitting the consensus estimate of $0.89, FiscalAI reports. The business had revenue of $19.24 million for the quarter, compared to analyst estimates of $19.10 million. Landmark Bancorp had a net margin of 20.56% and a return on equity of 12.49%.

Landmark Bancorp Stock Down 0.1%

Shares of LARK traded down $0.03 on Wednesday, hitting $32.09. The company’s stock had a trading volume of 2,921 shares, compared to its average volume of 8,940. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. The firm’s fifty day moving average price is $31.86 and its 200-day moving average price is $29.10. Landmark Bancorp has a fifty-two week low of $23.57 and a fifty-two week high of $34.60. The firm has a market capitalization of $195.78 million, a price-to-earnings ratio of 9.76 and a beta of 0.40.

Landmark Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Thursday, November 12th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, November 12th. Landmark Bancorp’s payout ratio is 25.53%.

Wall Street Analyst Weigh In

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