Landmark Bancorp : LA HABRA
Nature of business: Holding company for Orange County-based Landmark Bank
Total employees: 139
In Orange County: 139
Stock listing in The Times: On NASDAQ “LdmkBc”
Ticker symbol: “LMBC”
Friday’s stock close: $7.50
One-week change: Unchanged
Analyst review: “Landmark Bancorp, headquartered in La Habra, is the parent company for Landmark Bank. Its recent overall performance is very good. Although it’s not in a superior position, its earnings are strong and stable. For example, Landmark’s price-to-earnings ratio is a good deal higher in comparison to other banks. It is also very interesting to note that, compared to the rest of California, Landmark’s non-performing assets are well under control. It appears to be in a position to cope with the economic factors facing the region. It is sound overall and seems to have some good things going for it. Looking back over the past four quarters, it appears to be improving gradually over time.”
David Metters, analyst SNL Securities, Charlottesville, Virginia
SALES VS. PROFITS In millions of dollars
3 qtrs. 3 qtrs. ’90 ’91 ’92 ’92 ’93 Revenue $20.5 $19.4 $19.6 $15.0 $12.9 Profits $2.1 $0.3 $0.2 $0.4 $1.0
Corporate outlook: “Our focus in 1993 had been on enhancing asset quality, maintaining a strong capital position and improving earnings. Through the first three quarters of this year, we have enjoyed success in all of these areas. We fully expect our performance in 1994 to place Landmark Bank among the top performing institutions in our marketplace.” --Kevin Hanifin, senior vp/CFO
3-YEAR SUMMARY AND YEAR-TO-DATE: RETURN ON STOCKHOLDER INVESTMENT
Fiscal year ending Dec. 31 Dec. 31 Dec. 31 3 qtrs. ’90 ’91 ’92 ’92 52-week high $12.50 $10.00 $8.25 $8.25 52-week low $8.50 $7.00 $4.75 $5.25 Book value per share $10.47 $9.89 $10.05 $10.16 Price per share $9.25 $7.75 $4.75 $6.25 Net earnings (loss) per share $1.39 $0.03 $0.15 $0.27 Price-to-earnings ratio 7:1 258:1 32:1 31:1 Avg. return on investor equity 13.4 2.1% 1.5% 3.4%
Fiscal year ending 3 qtrs. ’93 52-week high $7.75 52-week low $4.75 Book value per share $10.61 Price per share $7.25 Net earnings (loss) per share $0.57 Price-to-earnings ratio 17:1 Avg. return on investor equity 7.0%
Note: Landmark Bancorp received a $1.3-million insurance settlement in the third quarter. Approximately $540,000 was reported as net of applicable income taxes and the remainder was added to reserves. For more information call or write, Landmark Bancorp: 401 W. Whittier Blvd. La Habra, Calif., 90631. (310) 694-6537 Source: Landmark Bancorp; Bloomberg Business News. Researched by JANICE L. JONES
