Landmark Bancorp (NASDAQ:LARK) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Landmark Bancorp (NASDAQ:LARK) in a research report released on Monday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Separately, TheStreet upgraded Landmark Bancorp from a c rating to a b rating in a research note on Wednesday, January 31st.

Landmark Bancorp Stock Performance

Shares of LARK opened at $19.43 on Monday. The company has a market capitalization of $106.36 million, a price-to-earnings ratio of 9.17 and a beta of 0.44. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.68. The stock has a 50 day moving average of $19.24 and a 200 day moving average of $19.37. Landmark Bancorp has a 12 month low of $15.70 and a 12 month high of $21.78.

Landmark Bancorp (NASDAQ:LARK) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.51 earnings per share for the quarter. Landmark Bancorp had a net margin of 14.39% and a return on equity of 9.88%. The company had revenue of $21.15 million for the quarter.

Landmark Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Wednesday, May 15th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date is Tuesday, May 14th. Landmark Bancorp’s dividend payout ratio is currently 39.62%.

Hedge Funds Weigh In On Landmark Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC raised its stake in shares of Landmark Bancorp by 7.8% during the first quarter. Empowered Funds LLC now owns 12,043 shares of the financial services provider’s stock worth $232,000 after acquiring an additional 875 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of Landmark Bancorp during the 4th quarter valued at $240,000. Finally, Kornitzer Capital Management Inc. KS grew its holdings in shares of Landmark Bancorp by 5.1% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 120,748 shares of the financial services provider’s stock valued at $2,390,000 after purchasing an additional 5,871 shares during the last quarter. 25.66% of the stock is currently owned by hedge funds and other institutional investors.

About Landmark Bancorp

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 certificates of deposit. The company also provides 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, such as automobile, boat, and home improvement and home equity loans, as well as insurance, and mobile and online banking services.