Landmark Bancorp (NASDAQ:LARK) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of Landmark Bancorp (NASDAQ:LARK) from a buy rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

A number of other equities analysts have also recently commented on the stock. Zacks Research raised shares of Landmark Bancorp to a “hold” rating in a research note on Tuesday, August 4th. Weiss Ratings raised shares of Landmark Bancorp from a “buy (b)” rating to a “buy (a-)” rating in a report on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Landmark Bancorp presently has an average rating of “Buy”.

Landmark Bancorp Price Performance

Shares of NASDAQ:LARK traded up $0.04 on Friday, hitting $32.26. The company’s stock had a trading volume of 2,122 shares, compared to its average volume of 6,974. The company has a market capitalization of $196.79 million, a PE ratio of 9.57 and a beta of 0.39. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.89 and a quick ratio of 0.86. The company has a 50-day simple moving average of $31.90 and a 200 day simple moving average of $29.48. Landmark Bancorp has a 1 year low of $23.57 and a 1 year high of $34.60.

Landmark Bancorp’s stock is going to split on the morning of Wednesday, December 2nd. The 1.05-1 split was recently announced. The newly issued shares will be distributed to shareholders after the closing bell on Tuesday, December 1st.

Landmark Bancorp (NASDAQ:LARK) last posted its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $0.89 earnings per share for the quarter, hitting the consensus estimate of $0.89. The company had revenue of $19.24 million for the quarter, compared to analysts’ expectations of $19.10 million. Landmark Bancorp had a net margin of 21.19% and a return on equity of 12.73%. Sell-side analysts forecast that Landmark Bancorp will post 3.46 EPS for the current fiscal year.

Landmark Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Thursday, November 12th will be given a $0.21 dividend. The ex-dividend date is Thursday, November 12th. This represents a $0.84 dividend on an annualized basis and a yield of 2.6%. Landmark Bancorp’s payout ratio is presently 24.93%.

Insiders Place Their Bets

In other Landmark Bancorp news, Director Patrick Alexander sold 3,018 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $32.50, for a total value of $98,085.00. Following the completion of the sale, the director owned 67,443 shares of the company’s stock, valued at $2,191,897.50. This represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 5,959 shares of company stock valued at $193,630. Insiders own 9.80% of the company’s stock.

Institutional Investors Weigh In On Landmark Bancorp

A number of institutional investors have recently made changes to their positions in the business. Keating Financial Advisory Services Inc. bought a new position in shares of Landmark Bancorp during the 2nd quarter valued at $114,000. Deutsche Bank AG bought a new position in shares of Landmark Bancorp during the second quarter valued at about $157,000. Hsbc Holdings PLC bought a new position in shares of Landmark Bancorp during the second quarter valued at about $225,000. Sanctuary Advisors LLC purchased a new position in shares of Landmark Bancorp in the second quarter worth about $362,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Landmark Bancorp in the second quarter worth about $449,000. Hedge funds and other institutional investors own 25.66% of the company’s stock.

About Landmark Bancorp

Landmark Bancorp, Inc. is a bank holding company based in Manhattan, Kansas, whose subsidiary, Landmark National Bank, provides community banking services to individuals and businesses. The bank offers deposit accounts and lending services, including commercial, residential mortgage, consumer and agricultural loans. It also provides banking access through digital channels and a network of locations in Kansas. Landmark Bancorp focuses on serving Kansas communities with local banking and financial services.