Landmark Bancorp Inc Dossier
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SectorFinancials IndustryRegional Banks Beta (adjusted)0.61 Intrinsic Value $24.27median of 2 methodsbased on filings through 30 Jun 2026 Market Price $31.30Price as of 1 Oct 2026 OvervaluedIntrinsic value is 22% below the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $190.9M Enterprise Value $183.1M Shares Outstanding 6.1M diluted Next Earnings Date28 Oct 2026 Last ex-dividend13 Aug 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Landmark Bancorp Inc. (LARK) has demonstrated solid financial performance in Q1 2026, characterized by record quarterly revenue of $18.8 million and a strong Net Interest Margin (NIM) expansion to 4.24%. The bank's relationship-driven lending model, particularly in commercial real estate, has successfully offset declines in agricultural and residential portfolios. However, competitive pressures in the regional deposit market, potential seasonal public fund outflows, and operational fraud risks warrant a cautious Hold stance. The bank remains well-capitalized with stable credit quality, but near-term growth may be tempered by macroeconomic headwinds in its core Midwestern markets. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$34.50 Mean target$34.50 High · most bullish analyst$34.50 Street targets sit above today's price; our intrinsic value sits below it. Different horizons, different questions. Our research · scenarios, merits, risks, and invalidation triggersResearch as of 20 Jun 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario The bear case reflects potential compression in NIM due to intense deposit competition forcing higher interest rates on deposits. Slower economic activity in the Midwest could lead to higher non-performing assets and elevated provisions for credit losses. Operational fraud losses or significant deposit outflows would also pressure profitability. Base CaseCentral scenario The base case assumes Landmark Bancorp maintains its stable net interest margin above 4.00% through disciplined deposit pricing and asset-sensitive balance sheet management. Loan growth is expected to remain modest as commercial real estate expansion offsets agricultural headwinds. Credit quality is projected to remain stable with manageable provisions for credit losses. Bull CaseUpside scenario Landmark Bancorp presents a compelling value opportunity trading at approximately 1.3x tangible book value and 8x earnings, supported by strong net interest margin expansion (reaching 4.24% in Q1 2026) and robust loan portfolio credit quality. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
Thesis Invalidation Triggers
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |