Landmark Bancorp (NASDAQ:LARK) Posts Earnings Results, Beats Estimates By $0.05 EPS

Landmark Bancorp (NASDAQ:LARK) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.05, FiscalAI reports. The company had revenue of $19.18 million during the quarter, compared to analysts’ expectations of $19.36 million. Landmark Bancorp had a return on equity of 12.22% and a net margin of 19.67%.

Landmark Bancorp Price Performance

Shares of LARK traded down $0.09 during trading hours on Wednesday, reaching $31.93. 8,179 shares of the company’s stock traded hands, compared to its average volume of 9,119. The stock has a market cap of $194.71 million, a PE ratio of 10.22 and a beta of 0.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.55. The firm’s 50 day simple moving average is $29.78 and its 200-day simple moving average is $27.79. Landmark Bancorp has a 12 month low of $22.56 and a 12 month high of $32.39.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Weiss Ratings raised Landmark Bancorp from a “hold (c)” rating to a “buy (b)” rating in a report on Wednesday, July 8th. Wall Street Zen raised Landmark Bancorp from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Insider Activity at Landmark Bancorp

In other Landmark Bancorp news, Director Patrick L. Alexander sold 3,300 shares of Landmark Bancorp stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $28.51, for a total transaction of $94,083.00. Following the completion of the sale, the director directly owned 700 shares in the company, valued at $19,957. The trade was a 82.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jim Lewis sold 900 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $29.48, for a total transaction of $26,532.00. Following the completion of the transaction, the director directly owned 153,196 shares of the company’s stock, valued at approximately $4,516,218.08. This represents a 0.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 7,672 shares of company stock worth $219,563. 12.80% of the stock is owned by company insiders.

Institutional Trading of Landmark Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC lifted its holdings in shares of Landmark Bancorp by 2.6% during the 1st quarter. Empowered Funds LLC now owns 14,933 shares of the financial services provider’s stock worth $407,000 after acquiring an additional 377 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Landmark Bancorp by 55.1% in the third quarter. BNP Paribas Financial Markets now owns 1,103 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 392 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Landmark Bancorp by 5.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 14,237 shares of the financial services provider’s stock valued at $373,000 after purchasing an additional 677 shares in the last quarter. First Manhattan CO. LLC. raised its position in Landmark Bancorp by 5.0% during the fourth quarter. First Manhattan CO. LLC. now owns 20,475 shares of the financial services provider’s stock valued at $536,000 after purchasing an additional 975 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its stake in Landmark Bancorp by 3.4% during the second quarter. Bridgeway Capital Management LLC now owns 42,213 shares of the financial services provider’s stock worth $1,116,000 after purchasing an additional 1,370 shares during the last quarter. Hedge funds and other institutional investors own 25.66% of the company’s stock.

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.