Landmark Bancorp (NASDAQ:LARK) Announces Earnings Results

Landmark Bancorp (NASDAQ:LARK) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.89, FiscalAI reports. The company 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%

NASDAQ LARK traded down $0.03 on Wednesday, hitting $32.09. 2,921 shares of the stock were exchanged, compared to its average volume of 8,940. Landmark Bancorp has a fifty-two week low of $23.57 and a fifty-two week high of $34.60. The company has a 50-day moving average price of $31.86 and a 200-day moving average price of $29.10. 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 company has a market cap of $195.78 million, a PE ratio of 9.76 and a beta of 0.40.

Landmark Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders 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 yield of 2.6%. The ex-dividend date is Thursday, November 12th. Landmark Bancorp’s payout ratio is 25.53%.

Analyst Upgrades and Downgrades

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

About Landmark Bancorp

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.