Landmark Bancorp (NASDAQ:LARK) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Landmark Bancorp Inc. (NASDAQ:LARK) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $27.20 and traded as low as $25.82. Landmark Bancorp shares last traded at $25.99, with a volume of 7,323 shares.

Analysts Set New Price Targets

LARK has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Landmark Bancorp in a report on Wednesday, October 8th. Wall Street Zen cut Landmark Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Landmark Bancorp currently has an average rating of “Buy”.

Landmark Bancorp Price Performance

The business’s fifty day moving average is $26.43 and its 200-day moving average is $27.20. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of $150.30 million, a PE ratio of 9.23 and a beta of 0.28.

Landmark Bancorp (NASDAQ:LARK) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter. Landmark Bancorp had a net margin of 17.55% and a return on equity of 12.09%. The business had revenue of $17.31 million during the quarter.

Landmark Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Wednesday, August 13th. Landmark Bancorp’s payout ratio is currently 29.79%.

Institutional Investors Weigh In On Landmark Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LARK. Jones Financial Companies Lllp raised its stake in Landmark Bancorp by 341.5% in the 1st quarter. Jones Financial Companies Lllp now owns 2,000 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 1,547 shares during the period. JPMorgan Chase & Co. raised its stake in Landmark Bancorp by 8,612.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,178 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 2,153 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Landmark Bancorp in the 2nd quarter valued at about $66,000. New York State Common Retirement Fund bought a new stake in Landmark Bancorp in the 2nd quarter valued at about $108,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Landmark Bancorp in the 2nd quarter valued at about $120,000. 25.66% of the stock is currently owned by 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.