Landmark Bancorp (NASDAQ:LARK) Earns Hold Rating from Analysts at StockNews.com

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

Landmark Bancorp Stock Performance

Shares of LARK stock opened at $24.15 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.80. The company has a market capitalization of $139.49 million, a P/E ratio of 10.66 and a beta of 0.46. The company’s 50 day moving average price is $24.25 and its two-hundred day moving average price is $22.39. Landmark Bancorp has a 52 week low of $17.05 and a 52 week high of $26.75.

Landmark Bancorp (NASDAQ:LARK) last posted its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter. Landmark Bancorp had a net margin of 14.51% and a return on equity of 10.51%.

Landmark Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th will be issued a $0.21 dividend. The ex-dividend date is Wednesday, February 19th. This is an increase from Landmark Bancorp’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.48%. Landmark Bancorp’s dividend payout ratio (DPR) is 37.00%.

Insider Activity

In related news, Director Patrick L. Alexander sold 20,000 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $24.53, for a total transaction of $490,600.00. Following the transaction, the director now directly owns 80,285 shares in the company, valued at approximately $1,969,391.05. The trade was a 19.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael E. Scheopner sold 3,097 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $25.31, for a total transaction of $78,385.07. Following the transaction, the director now owns 131,269 shares in the company, valued at approximately $3,322,418.39. The trade was a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Landmark Bancorp

Institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC increased its holdings in Landmark Bancorp by 6.9% during the fourth quarter. Empowered Funds LLC now owns 14,556 shares of the financial services provider’s stock worth $349,000 after buying an additional 943 shares during the last quarter. De Lisle Partners LLP boosted its position in Landmark Bancorp by 78.1% during the third quarter. De Lisle Partners LLP now owns 67,595 shares of the financial services provider’s stock worth $1,369,000 after purchasing an additional 29,637 shares during the period. CGN Advisors LLC boosted its position in Landmark Bancorp by 5.0% during the fourth quarter. CGN Advisors LLC now owns 11,045 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 526 shares during the period. Kornitzer Capital Management Inc. KS boosted its position in Landmark Bancorp by 4.4% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 127,957 shares of the financial services provider’s stock worth $3,072,000 after purchasing an additional 5,353 shares during the period. Finally, Bridgeway Capital Management LLC boosted its position in Landmark Bancorp by 4.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 42,771 shares of the financial services provider’s stock worth $1,027,000 after purchasing an additional 1,667 shares during the period. 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.