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

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

Landmark Bancorp Trading Down 0.6 %

Shares of LARK stock opened at $20.00 on Friday. The firm has a market capitalization of $109.48 million, a P/E ratio of 9.43 and a beta of 0.44. Landmark Bancorp has a 1 year low of $15.70 and a 1 year high of $21.78. The firm’s fifty day simple moving average is $20.23 and its 200 day simple moving average is $19.69. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.19.

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

Landmark Bancorp Dividend Announcement

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

Hedge Funds Weigh In On Landmark Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. 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 valued at $232,000 after buying an additional 875 shares in the last quarter. CGN Advisors LLC bought a new position in shares of Landmark Bancorp in the second quarter valued at approximately $202,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Landmark Bancorp in the second quarter valued at approximately $338,000. Institutional investors own 25.66% of the company’s stock.

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.