Landmark Bancorp (NASDAQ:LARK) Announces Quarterly Earnings Results

Landmark Bancorp (NASDAQ:LARK) posted its earnings results on Wednesday. The financial services provider reported $0.89 EPS for the quarter, meeting the consensus estimate of $0.89, FiscalAI reports. Landmark Bancorp had a return on equity of 12.68% and a net margin of 21.19%. The firm had revenue of $19.24 million for the quarter, compared to analysts’ expectations of $19.10 million.

Landmark Bancorp Price Performance

Shares of NASDAQ:LARK traded down $0.15 during trading on Friday, hitting $32.12. 1,876 shares of the company were exchanged, compared to its average volume of 8,878. The business’s 50 day moving average is $31.86 and its 200-day moving average is $29.16. The company has a market capitalization of $195.93 million, a P/E ratio of 9.53 and a beta of 0.40. Landmark Bancorp has a 1-year low of $23.57 and a 1-year high of $34.60. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.63.

Landmark Bancorp’s stock is set to split on the morning of Wednesday, December 2nd. The 1.05-1 split was recently announced. The newly created shares will be distributed to shareholders after the closing bell on Tuesday, December 1st.

Landmark Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Thursday, November 12th will be given 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 dividend payout ratio is currently 25.53%.

Wall Street Analyst Weigh In

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