NasdaqGM:LARK

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Excellent balance sheet, good value 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


Market Performance


7 Day Return

-2.6%

LARK

1.7%

US Banks

1.3%

US Market


1 Year Return

-17.9%

LARK

0.3%

US Banks

5.9%

US Market

Return vs Industry: LARK underperformed the US Banks industry which returned 0.3% over the past year.

Return vs Market: LARK underperformed the US Market which returned 5.9% over the past year.


Shareholder returns

LARKIndustryMarket
7 Day-2.6%1.7%1.3%
30 Day-4.1%-2.4%-1.9%
90 Day-3.3%1.0%-1.8%
1 Year-15.1%-17.9%3.2%0.3%8.3%5.9%
3 Year7.0%-2.0%52.1%41.7%45.6%36.2%
5 Year36.3%17.3%69.8%51.4%66.1%47.9%

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?

19.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: LARK ($22.6) is trading below our estimate of fair value ($27.95)

Significantly Undervalued: LARK is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: LARK is good value based on its PE Ratio (9.6x) compared to the Banks industry average (12.5x).

PE vs Market: LARK is good value based on its PE Ratio (9.6x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

Low 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).


Next Steps

Future Growth

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

4.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LARK's forecast earnings growth (4.2% per year) is above the savings rate (2.7%).

Earnings vs Market: LARK's earnings (4.2% per year) are forecast to grow slower than the US market (14.4% per year).

High Growth Earnings: LARK's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if LARK's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if LARK's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if LARK's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Landmark Bancorp performed over the past 5 years?

0.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: LARK's earnings have grown by 0.4% per year over the past 5 years.

Accelerating Growth: LARK's earnings growth over the past year (117.2%) exceeds its 5-year average (0.4% per year).

Earnings vs Industry: LARK earnings growth over the past year (117.2%) exceeded the Banks industry 31.8%.


Return on Equity

High ROE: LARK's Return on Equity (10%) is considered low.


Return on Assets

ROA vs Industry: LARK's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate LARK's Return on Capital Employed to determine if it has improved over the past 3 years.


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

Inventory Level: LARK has a low level of unsold assets or inventory.

Debt Coverage by Assets: LARK's debt is not covered by short term assets (assets are 0.7x debt).


Financial Institutions Analysis

Asset Level: LARK's level of assets compared to its equity is low.

Allowance for Bad Loans: LARK has a low allowance for bad loans.

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

Loan Level: LARK has an acceptable proportion of non-loan assets held.

Low Risk Deposits: LARK's loans are broadly funded by customer deposits.

Level of Bad Loans: LARK has an appropriate level of bad loans (1.51%)


Next Steps

Dividend

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

3.54%

Current Dividend Yield


Dividend Yield vs Market

company3.5%marketbottom25%1.5%markettop25%3.8%industryaverage3.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: LARK's dividend (3.54%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: LARK's dividend (3.54%) is low compared to the top 25% of dividend payers in the US market (3.77%).

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 reasonably low payout ratio (33.3%), 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

What is the CEO of Landmark Bancorp's salary, the management and board of directors tenure and is there insider trading?

8.8yrs

Average board tenure


CEO

Michael Scheopner (57yo)

5.8yrs

Tenure

US$534,528

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 ($USD534.53K) is about average for companies of similar size in the US market ($USD495.77K).

Compensation vs Earnings: Michael's compensation has increased by more than 20% in the past year.


Board Age and Tenure

8.8yrs

Average Tenure

63yo

Average Age

Experienced Board: LARK's board of directors are considered experienced (8.8 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyUS$171,96616 Sep 19
Richard Ball
EntityIndividual
Role
Member of the Board of Directors
Director
Shares7,365
Max PriceUS$23.35
BuyUS$11,33515 Aug 19
Wayne Sloan
EntityIndividual
Role
Member of the Board of Directors
Director
Shares500
Max PriceUS$22.67
BuyUS$11,44006 Aug 19
Richard Ball
EntityIndividual
Role
Member of the Board of Directors
Director
Shares467
Max PriceUS$25.16
SellUS$1,44602 Aug 19
Patrick Alexander
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares59
Max PriceUS$24.50
SellUS$3,96930 Jul 19
Patrick Alexander
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares162
Max PriceUS$24.50
SellUS$2,45025 Jul 19
Patrick Alexander
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares100
Max PriceUS$24.50
SellUS$182,45022 Jul 19
Patrick Alexander
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares7,600
Max PriceUS$24.50
SellUS$342,16914 Jun 19
Patrick Alexander
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares14,644
Max PriceUS$23.50
SellUS$25,85412 Jun 19
Patrick Alexander
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares1,100
Max PriceUS$23.50
SellUS$80,01405 Jun 19
Patrick Alexander
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares3,400
Max PriceUS$23.74
SellUS$20,17101 Jun 19
Patrick Alexander
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares856
Max PriceUS$23.56
SellUS$101,13222 Feb 19
Patrick Alexander
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares4,378
Max PriceUS$23.10
SellUS$11,68015 Feb 19
Patrick Alexander
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares500
Max PriceUS$23.38
SellUS$3,11612 Feb 19
Patrick Alexander
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares134
Max PriceUS$23.25
SellUS$13,97009 Feb 19
Patrick Alexander
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares600
Max PriceUS$23.40

Ownership Breakdown


Management Team

  • Mark Herpich (51yo)

    VP, Secretary

    • Tenure: 18yrs
    • Compensation: US$354.09k
  • Michael Scheopner (57yo)

    President

    • Tenure: 5.8yrs
    • Compensation: US$534.53k

Board Members

  • Brent Bowman (69yo)

    Director

    • Tenure: 18.8yrs
    • Compensation: US$36.01k
  • Patrick Alexander (66yo)

    Chairman of the Board

    • Tenure: 6.4yrs
    • Compensation: US$206.90k
  • Rick Ball (66yo)

    Director

    • Tenure: 18.8yrs
    • Compensation: US$36.01k
  • Jim Lewis (63yo)

    Director

    • Tenure: 18.8yrs
    • Compensation: US$36.01k
  • Dave Snapp (63yo)

    Director

    • Tenure: 18.8yrs
    • Compensation: US$36.01k
  • Michael Scheopner (57yo)

    President

    • Tenure: 5.8yrs
    • Compensation: US$534.53k
  • Sarah Hill-Nelson (49yo)

    Director

    • Tenure: 8.8yrs
    • Compensation: US$36.01k
  • Wayne Sloan (65yo)

    Director

    • Tenure: 6.6yrs
    • Compensation: US$35.01k
  • Sandra Moll (54yo)

    Director

    • Tenure: 1.4yrs
    • Compensation: US$24.68k

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$98.887m
  • Shares outstanding: 4.38m
  • 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 Analysis2019/10/14 23:37
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.