Landmark Bancorp (NASDAQ:LARK) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Landmark Bancorp Inc. (NASDAQ:LARK) crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $31.95 and traded as high as $31.95. Landmark Bancorp shares last traded at $31.95, with a volume of 8,447 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LARK. Wall Street Zen raised Landmark Bancorp from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Weiss Ratings raised Landmark Bancorp from a “hold (c)” rating to a “buy (b)” rating in a research note on Wednesday, July 8th. Finally, Zacks Research raised Landmark Bancorp to a “hold” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Landmark Bancorp Stock Down 2.7%

The firm has a market capitalization of $189.04 million, a PE ratio of 9.42 and a beta of 0.39. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.86 and a current ratio of 0.87. The firm’s 50-day moving average is $31.97 and its 200 day moving average is $29.34.

Landmark Bancorp (NASDAQ:LARK) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.05. Landmark Bancorp had a net margin of 20.56% and a return on equity of 12.49%. The business had revenue of $19.18 million during the quarter, compared to analysts’ expectations of $0.06 million. As a group, research analysts forecast that Landmark Bancorp Inc. will post 3.47 earnings per share for the current fiscal year.

Landmark Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were paid a $0.21 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.84 annualized dividend and a yield of 2.7%. Landmark Bancorp’s payout ratio is presently 25.53%.

Institutional Investors Weigh In On Landmark Bancorp

Hedge funds have recently modified their holdings of the company. Keating Financial Advisory Services Inc. acquired a new position in shares of Landmark Bancorp in the second quarter valued at approximately $114,000. Deutsche Bank AG purchased a new stake in Landmark Bancorp in the 2nd quarter worth approximately $157,000. Hsbc Holdings PLC acquired a new position in Landmark Bancorp in the 2nd quarter valued at $225,000. Sanctuary Advisors LLC purchased a new position in shares of Landmark Bancorp during the 2nd quarter worth $362,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Landmark Bancorp during the 2nd quarter worth $449,000. 25.66% of the stock is owned by institutional investors and hedge funds.

Landmark Bancorp Company Profile

Landmark Bancorp, Inc is a bank holding company headquartered in Manhattan, Kansas. Through its principal subsidiary, Landmark National Bank, the company provides community banking services to individuals, families, farmers, and businesses.

Landmark National Bank offers deposit products, residential and commercial real estate loans, agricultural lending, consumer loans, and commercial loans. Its banking services also include online and mobile banking, treasury management, debit cards, and other traditional financial services.

The bank serves customers through a network of branches and banking offices located across Kansas, with a presence in communities including Manhattan, Emporia, Lawrence, and Topeka.