Landmark Bancorp (NASDAQ:LARK) Announces Quarterly Earnings Results

Landmark Bancorp (NASDAQ:LARK) announced its quarterly earnings data on Wednesday. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, FiscalAI reports. Landmark Bancorp had a return on equity of 12.44% and a net margin of 18.32%.The firm had revenue of $18.69 million during the quarter.

Landmark Bancorp Stock Performance

Shares of LARK stock opened at $26.40 on Thursday. Landmark Bancorp has a fifty-two week low of $21.31 and a fifty-two week high of $29.56. The stock’s 50-day moving average is $27.12 and its two-hundred day moving average is $25.73. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $160.25 million, a P/E ratio of 9.30 and a beta of 0.29.

Landmark Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 12th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, February 12th. This is an increase from Landmark Bancorp’s previous quarterly dividend of $0.20. Landmark Bancorp’s payout ratio is currently 28.17%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Landmark Bancorp in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Insider Activity at Landmark Bancorp

In related news, Director Patrick L. Alexander sold 9,000 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $28.54, for a total value of $256,860.00. Following the transaction, the director owned 71,519 shares in the company, valued at approximately $2,041,152.26. This represents a 11.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 12.80% of the company’s stock.

Institutional Trading of Landmark Bancorp

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its stake in shares of Landmark Bancorp by 55.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,103 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 392 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Landmark Bancorp by 341.5% in the first 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 in the last quarter. JPMorgan Chase & Co. increased its position in Landmark Bancorp by 8,612.0% during the second quarter. JPMorgan Chase & Co. now owns 2,178 shares of the financial services provider’s stock worth $58,000 after buying an additional 2,153 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Landmark Bancorp during the second quarter valued at about $66,000. Finally, New York State Common Retirement Fund bought a new position in Landmark Bancorp during the second quarter valued at about $108,000. 25.66% of the stock is currently owned by institutional investors and hedge funds.

About Landmark Bancorp

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.