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

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

Landmark Bancorp Stock Down 1.7 %

Shares of LARK opened at $19.12 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 0.76. Landmark Bancorp has a one year low of $15.70 and a one year high of $21.78. The stock has a market capitalization of $104.61 million, a price-to-earnings ratio of 9.01 and a beta of 0.44. The stock has a 50 day moving average price of $19.32 and a 200 day moving average price of $19.56.

Landmark Bancorp (NASDAQ:LARK) last announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.51 EPS for the quarter. Landmark Bancorp had a return on equity of 9.70% and a net margin of 14.39%. The business had revenue of $21.15 million for the quarter.

Landmark Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.21 per share. The ex-dividend date was Tuesday, May 14th. This represents a $0.84 annualized dividend and a yield of 4.39%. Landmark Bancorp’s dividend payout ratio (DPR) is 39.56%.

Insider Activity

In other Landmark Bancorp news, Director Angela S. Hurt acquired 4,232 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were acquired at an average price of $19.25 per share, for a total transaction of $81,466.00. Following the acquisition, the director now owns 4,727 shares in the company, valued at approximately $90,994.75. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders have acquired 4,882 shares of company stock worth $93,804. 17.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS lifted its position in Landmark Bancorp by 5.1% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 120,748 shares of the financial services provider’s stock worth $2,390,000 after acquiring an additional 5,871 shares during the period. Private Advisor Group LLC acquired a new stake in Landmark Bancorp during the 4th quarter worth approximately $240,000. Empowered Funds LLC lifted its position in Landmark Bancorp by 7.8% during the 1st quarter. Empowered Funds LLC now owns 12,043 shares of the financial services provider’s stock worth $232,000 after acquiring an additional 875 shares during the period. Finally, CGN Advisors LLC acquired a new stake in Landmark Bancorp during the 2nd quarter worth approximately $202,000. Hedge funds and other institutional investors own 25.66% of the company’s stock.

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.