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LARK

Landmark BancorpNasdaqGM:LARK Stock Report

Market Cap

US$135.6m

7D

0.4%

1Y

28.3%

Updated

27 Oct, 2021

Data

Company Financials
LARK fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends4/6

LARK Overview

Landmark Bancorp, Inc. operates as the financial holding company for Landmark National Bank that provides various financial and banking services to its local communities.

Rewards

Trading at 37.7% below our estimate of its fair value

Earnings grew by 49% over the past year

Pays a reliable dividend of 2.83%

Risk Analysis

No risks detected for LARK from our risk checks.

Landmark Bancorp Competitors

Customers Bancorp

NYSE:CUBI

US$1.5b

Citizens & Northern

NasdaqCM:CZNC

US$412.7m

Howard Bancorp

NasdaqCM:HBMD

US$402.8m

Mid Penn Bancorp

NasdaqGM:MPB

US$315.9m

Price History & Performance

Summary of all time highs, changes and price drops for Landmark Bancorp
Historical stock prices
Current Share PriceUS$28.50
52 Week HighUS$21.38
52 Week LowUS$29.00
Beta0.43
1 Month Change2.89%
3 Month Change3.19%
1 Year Change28.27%
3 Year Change21.07%
5 Year Change34.13%
Change since IPO620.18%

Recent News & Updates

Jul 31
Landmark Bancorp (NASDAQ:LARK) Is Due To Pay A Dividend Of US$0.20

Landmark Bancorp (NASDAQ:LARK) Is Due To Pay A Dividend Of US$0.20

The board of Landmark Bancorp, Inc. ( NASDAQ:LARK ) has announced that it will pay a dividend of US$0.20 per share on...

Shareholder Returns

LARKUS BanksUS Market
7D0.4%2.0%0.9%
1Y28.3%81.9%33.4%

Return vs Industry: LARK underperformed the US Banks industry which returned 77% over the past year.

Return vs Market: LARK underperformed the US Market which returned 33.4% over the past year.

Price Volatility

Is LARK's price volatile compared to industry and market?
LARK volatility
LARK Beta0.43
Industry Beta1.32
Market Beta1

Stable Share Price: LARK is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: LARK's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1885282Michael Scheopnerhttps://www.banklandmark.com

Landmark Bancorp, Inc. operates as the financial holding company for Landmark National Bank that provides various financial and banking services to its local communities. It offers non-interest bearing demand, money market, checking, and savings accounts, as well as time deposits and certificates of deposit. The company also one-to-four family residential real estate, construction and land, commercial real estate, commercial, paycheck protection program, municipal, and agriculture loans; and consumer and other loans, including automobile, boat, and home improvement and home equity loans, as well as insurance, and mobile and online banking services.

Landmark Bancorp Fundamentals Summary

How do Landmark Bancorp's earnings and revenue compare to its market cap?
LARK fundamental statistics
Market CapUS$135.65m
Earnings (TTM)US$21.38m
Revenue (TTM)US$63.97m

6.3x

P/E Ratio

1.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LARK income statement (TTM)
RevenueUS$63.97m
Cost of RevenueUS$0
Gross ProfitUS$63.97m
ExpensesUS$42.59m
EarningsUS$21.38m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 27, 2021

Earnings per share (EPS)4.49
Gross Margin100.00%
Net Profit Margin33.42%
Debt/Equity Ratio19.8%

How did LARK perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

17%

Payout Ratio

Valuation

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

37.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LARK ($28.25) is trading below our estimate of fair value ($45.37)

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 (6.3x) compared to the US Banks industry average (11.1x).

PE vs Market: LARK is good value based on its PE Ratio (6.3x) compared to the US market (18.3x).


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 is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).


Future Growth

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

-1.1%

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.


Past Performance

How has Landmark Bancorp performed over the past 5 years?

23.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LARK has high quality earnings.

Growing Profit Margin: LARK's current net profit margins (33.4%) are higher than last year (28%).


Past Earnings Growth Analysis

Earnings Trend: LARK's earnings have grown significantly by 23.2% per year over the past 5 years.

Accelerating Growth: LARK's earnings growth over the past year (49%) exceeds its 5-year average (23.2% per year).

Earnings vs Industry: LARK earnings growth over the past year (49%) exceeded the Banks industry 37.8%.


Return on Equity

High ROE: LARK's Return on Equity (16.2%) is considered low.


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 (9.4x) is low.

Allowance for Bad Loans: LARK has a low allowance for bad loans (69%).

Low Risk Liabilities: 96% 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 (54%).

Low Risk Deposits: LARK's Loans to Deposits ratio (63%) is appropriate.

Level of Bad Loans: LARK has an appropriate level of bad loans (1.9%).


Dividend

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

2.81%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LARK's dividend (2.83%) is higher than the bottom 25% of dividend payers in the US market (1.27%).

High Dividend: LARK's dividend (2.83%) is low compared to the top 25% of dividend payers in the US market (3.48%).


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 (17.3%), 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?

9.7yrs

Average board tenure


CEO

Michael Scheopner (59 yo)

7.75yrs

Tenure

US$607,444

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. He serves as a Director at Landmark National Bank and...


CEO Compensation Analysis

Compensation vs Market: Michael's total compensation ($USD607.44K) is about average for companies of similar size in the US market ($USD542.68K).

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


Board Members

Experienced Board: LARK's board of directors are considered experienced (9.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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 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$135.645m
  • Shares outstanding: 4.76m
  • Website: https://www.banklandmark.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/27 22:59
End of Day Share Price2021/10/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.