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

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

Separately, TheStreet upgraded shares of Landmark Bancorp from a c rating to a b rating in a report on Wednesday, January 31st.

Landmark Bancorp Trading Up 2.9 %

Shares of LARK opened at $19.45 on Wednesday. Landmark Bancorp has a twelve month low of $15.70 and a twelve month high of $21.78. The company has a market cap of $106.39 million, a P/E ratio of 9.16 and a beta of 0.44. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The company’s fifty day simple moving average is $19.14 and its 200-day simple moving average is $19.55.

Landmark Bancorp (NASDAQ:LARK) last posted its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.51 EPS for the quarter. The firm had revenue of $21.15 million for the quarter. Landmark Bancorp had a net margin of 14.39% and a return on equity of 9.70%.

Landmark Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Wednesday, May 15th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Tuesday, May 14th. Landmark Bancorp’s dividend payout ratio is currently 39.56%.

Hedge Funds Weigh In On Landmark Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Kornitzer Capital Management Inc. KS raised its position in shares of Landmark Bancorp by 5.1% in 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. Private Advisor Group LLC purchased a new position in Landmark Bancorp during the 4th quarter worth approximately $240,000. Finally, Empowered Funds LLC raised its position in Landmark Bancorp by 7.8% during the 1st quarter. Empowered Funds LLC now owns 12,043 shares of the financial services provider’s stock worth $232,000 after buying an additional 875 shares during the last quarter. 25.66% of the stock is 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.