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In a remarkable display of resilience and growth, Landmark Bancorp Inc. (LARK) stock has achieved a new 52-week high, reaching a price level of $26.99. The small-cap financial institution, with a market capitalization of $152 million, has demonstrated impressive momentum with a 34% surge over the past six months. According to InvestingPro analysis, the stock currently trades at a P/E ratio of 11.5 and offers a dividend yield of 3.23%. This milestone underscores the company’s robust performance over the past year, which is further reflected in the impressive 1-year total return of 47.2%. Investors have shown increased confidence in the financial institution, propelling the stock to this new height, and signaling a strong market sentiment towards LARK’s business operations and future prospects. InvestingPro data reveals the company has maintained dividend payments for 32 consecutive years, with 23 years of consecutive dividend increases - just one of many insights available in the comprehensive Pro Research Report covering this stock.
In other recent news, Landmark Bancorp Inc. reported a 6.3% increase in full-year net income, reaching $13 million. The company’s fourth-quarter net income was $3.3 million, with diluted earnings per share rising 25% year-over-year to $0.57. The loan portfolio expanded by $50.5 million, marking a 20% annualized growth, while deposit balances increased by $53 million. Net interest income grew by 6% to $45.7 million, and non-interest income rose by 13% to $1.5 million. Analysts noted that Landmark Bancorp plans to reprice approximately 30% of its loan portfolio in 2025, potentially expanding its margins. CEO Abby Wendel (EPA:MWDP) highlighted the company’s focus on sustaining loan growth and expanding margins. The company also aims to explore merger and acquisition opportunities within Kansas.
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