NasdaqGM:LARK

Stock Analysis Report

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Executive Summary

Landmark Bancorp, Inc. operates as the bank holding company for Landmark National Bank that provides various financial and banking services. More Details

Rewards

Trading at 39.7% below our estimate of its fair value

Earnings grew by 39.8% over the past year

Pays a reliable dividend of 3.51%

Risk Analysis

No risks detected for LARK from our risk checks.


Snowflake Analysis

Excellent balance sheet with solid track record and pays a dividend.


Similar Companies

Share Price & News

How has Landmark Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LARK has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.5%

LARK

1.2%

US Banks

-1.3%

US Market


1 Year Return

5.2%

LARK

-28.5%

US Banks

18.5%

US Market

Return vs Industry: LARK exceeded the US Banks industry which returned -28.5% over the past year.

Return vs Market: LARK underperformed the US Market which returned 18.5% over the past year.


Shareholder returns

LARKIndustryMarket
7 Day0.5%1.2%-1.3%
30 Day3.6%3.5%5.3%
90 Day10.1%-0.05%7.5%
1 Year8.8%5.2%-25.9%-28.5%21.3%18.5%
3 Year0.04%-9.0%-18.6%-25.4%42.4%32.9%
5 Year25.6%7.8%16.1%1.6%84.2%63.5%

Price Volatility Vs. Market

How volatile is Landmark Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Landmark Bancorp undervalued compared to its fair value and its price relative to the market?

39.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LARK ($22.8) is trading below our estimate of fair value ($37.8)

Significantly Below Fair Value: LARK is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: LARK is good value based on its PE Ratio (7.3x) compared to the US Banks industry average (10x).

PE vs Market: LARK is good value based on its PE Ratio (7.3x) compared to the US market (19x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate LARK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: LARK's PB Ratio (0.9x) is in line with the US Banks industry average.


Next Steps

Future Growth

How is Landmark Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.1%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Landmark Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Landmark Bancorp performed over the past 5 years?

4.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LARK has high quality earnings.

Growing Profit Margin: LARK's current net profit margins (28%) are higher than last year (24.9%).


Past Earnings Growth Analysis

Earnings Trend: LARK's earnings have grown by 4.2% per year over the past 5 years.

Accelerating Growth: LARK's earnings growth over the past year (39.8%) exceeds its 5-year average (4.2% per year).

Earnings vs Industry: LARK earnings growth over the past year (39.8%) exceeded the Banks industry -3%.


Return on Equity

High ROE: LARK's Return on Equity (12.2%) is considered low.


Next Steps

Financial Health

How is Landmark Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: LARK's Assets to Equity ratio (9.5x) is low.

Allowance for Bad Loans: LARK has a low allowance for bad loans (94%).

Low Risk Liabilities: 94% of LARK's liabilities are made up of primarily low risk sources of funding.

Loan Level: LARK has an appropriate level of Loans to Assets ratio (62%).

Low Risk Deposits: LARK's Loans to Deposits ratio (73%) is appropriate.

Level of Bad Loans: LARK has an appropriate level of bad loans (1.2%).


Next Steps

Dividend

What is Landmark Bancorp current dividend yield, its reliability and sustainability?

3.51%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LARK's dividend (3.51%) is higher than the bottom 25% of dividend payers in the US market (1.64%).

High Dividend: LARK's dividend (3.51%) is low compared to the top 25% of dividend payers in the US market (4.68%).


Stability and Growth of Payments

Stable Dividend: LARK's dividends per share have been stable in the past 10 years.

Growing Dividend: LARK's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.8%), LARK's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.7yrs

Average board tenure


CEO

Michael Scheopner (58 yo)

6.75yrs

Tenure

US$527,516

Compensation

Mr. Michael E. Scheopner has been Chief Executive Officer and President of Landmark National Bank since January 1, 2014 and May 22, 2013 respectively. Mr. Scheopner has been the Chief Executive Officer of ...


CEO Compensation Analysis

Compensation vs Market: Michael's total compensation ($USD527.52K) is about average for companies of similar size in the US market ($USD589.00K).

Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Michael Scheopner
President6.75yrsUS$527.52k2.35%
$ 2.5m
Brent Bowman
Lead Independent Directorno dataUS$40.01k0.33%
$ 344.9k
Patrick Alexander
Chairman of the Board7.42yrsUS$71.83k2.26%
$ 2.4m
Richard Ball
Independent Director25.75yrsUS$40.01k3.78%
$ 4.0m
Jim Lewis
Independent Director29.75yrsUS$40.01k2.25%
$ 2.4m
David Snapp
Director34.75yrsUS$40.01k1.86%
$ 2.0m
Sandra Moll
Independent Director2.42yrsUS$40.01k0.031%
$ 32.4k
Sarah Hill-Nelson
Independent Director9.75yrsUS$40.01k0.21%
$ 225.0k
Wayne Sloan
Independent Director7.58yrsUS$40.01k0.22%
$ 235.0k

8.7yrs

Average Tenure

64yo

Average Age

Experienced Board: LARK's board of directors are considered experienced (8.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: LARK insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Landmark Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Landmark Bancorp, Inc.
  • Ticker: LARK
  • Exchange: NasdaqGM
  • Founded: 1885
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$105.288m
  • Shares outstanding: 4.62m
  • Website: https://www.banklandmark.com

Number of Employees


Location

  • Landmark Bancorp, Inc.
  • 701 Poyntz Avenue
  • Manhattan
  • Kansas
  • 66502
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LARKNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDMar 1994

Biography

Landmark Bancorp, Inc. operates as the bank holding company for Landmark National Bank that provides various financial and banking services. The company offers checking, savings, and money market accounts, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 23:56
End of Day Share Price2020/10/20 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.