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

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

Landmark Bancorp Stock Performance

LARK opened at $20.01 on Friday. The firm has a market capitalization of $109.53 million, a PE ratio of 9.44 and a beta of 0.44. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.80 and a current ratio of 0.80. The business’s 50-day simple moving average is $20.19 and its 200 day simple moving average is $19.64. Landmark Bancorp has a 52-week low of $15.70 and a 52-week high of $21.78.

Landmark Bancorp (NASDAQ:LARK) last issued its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter. Landmark Bancorp had a net margin of 13.59% and a return on equity of 9.20%. The firm had revenue of $14.69 million during the quarter.

Landmark Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were issued a $0.21 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.84 dividend on an annualized basis and a yield of 4.20%. Landmark Bancorp’s dividend payout ratio (DPR) is presently 39.62%.

Institutional Investors Weigh In On Landmark Bancorp

A number of large investors have recently bought and sold shares of LARK. Empowered Funds LLC boosted its position in Landmark Bancorp by 7.8% in the first quarter. Empowered Funds LLC now owns 12,043 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 875 shares during the last quarter. CGN Advisors LLC purchased a new stake in shares of Landmark Bancorp in the second quarter worth $202,000. Finally, Sanctuary Advisors LLC bought a new stake in Landmark Bancorp during the second quarter valued at approximately $338,000. 25.66% of the stock is currently owned by institutional investors and hedge funds.

Landmark Bancorp Company Profile

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.