Landmark Bancorp (NASDAQ:LARK) Shares Cross Above 50 Day Moving Average – Time to Sell?

Landmark Bancorp Inc. (NASDAQ:LARK) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $27.94 and traded as high as $29.39. Landmark Bancorp shares last traded at $29.32, with a volume of 2,908 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Landmark Bancorp in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Landmark Bancorp currently has an average rating of “Hold”.

Landmark Bancorp Price Performance

The stock has a market cap of $178.85 million, a price-to-earnings ratio of 9.39 and a beta of 0.41. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.55. The company’s fifty day moving average is $27.94 and its two-hundred day moving average is $27.18.

Landmark Bancorp (NASDAQ:LARK) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.83 EPS for the quarter. Landmark Bancorp had a return on equity of 12.22% and a net margin of 19.67%.The company had revenue of $18.79 million for the quarter.

Landmark Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Thursday, May 14th. Landmark Bancorp’s payout ratio is currently 26.92%.

Insider Buying and Selling at Landmark Bancorp

In related news, Director Jim Lewis sold 900 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $29.48, for a total transaction of $26,532.00. Following the completion of the transaction, the director directly owned 153,196 shares in the company, valued at $4,516,218.08. This trade represents a 0.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Patrick L. Alexander sold 3,300 shares of Landmark Bancorp stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $28.51, for a total value of $94,083.00. Following the completion of the transaction, the director directly owned 700 shares of the company’s stock, valued at approximately $19,957. This represents a 82.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,672 shares of company stock worth $219,563 in the last quarter. Company insiders own 12.80% of the company’s stock.

Institutional Trading of Landmark Bancorp

Several hedge funds have recently made changes to their positions in the business. Empowered Funds LLC boosted its stake in shares of Landmark Bancorp by 9.6% in the first quarter. Empowered Funds LLC now owns 23,425 shares of the financial services provider’s stock valued at $581,000 after purchasing an additional 2,053 shares during the period. First Manhattan CO. LLC. increased its stake in Landmark Bancorp by 5.0% during the 4th quarter. First Manhattan CO. LLC. now owns 20,475 shares of the financial services provider’s stock worth $536,000 after buying an additional 975 shares during the period. Bridgeway Capital Management LLC increased its stake in Landmark Bancorp by 9.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 48,575 shares of the financial services provider’s stock worth $1,272,000 after buying an additional 4,188 shares during the period. Barclays PLC lifted its holdings in Landmark Bancorp by 43.0% during the 4th quarter. Barclays PLC now owns 9,196 shares of the financial services provider’s stock worth $241,000 after buying an additional 2,766 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Landmark Bancorp by 12.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 305,333 shares of the financial services provider’s stock worth $7,997,000 after buying an additional 33,610 shares in the last quarter. Institutional investors and hedge funds own 25.66% of the company’s stock.

Landmark Bancorp Company Profile

Landmark Bancorp, Inc is the bank holding company for Landmark Community Bank, a community‐focused financial institution. The company provides a full range of deposit and lending products through its subsidiary, including checking and savings accounts, certificates of deposit, residential mortgages, home equity lines of credit and small business loans. Landmark Bancorp emphasizes personalized service, leveraging local decision-making to meet the unique needs of individuals and local enterprises.

In addition to traditional deposit and lending services, Landmark Bancorp offers comprehensive cash-management and treasury solutions for commercial clients.