Landmark Bancorp (NASDAQ:LARK) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Landmark Bancorp (NASDAQ:LARK) in a research note issued to investors on Thursday. The brokerage issued a hold rating on the financial services provider’s stock.

Landmark Bancorp Trading Up 2.0 %

NASDAQ LARK opened at $20.50 on Thursday. The business has a 50 day simple moving average of $19.48 and a 200 day simple moving average of $19.59. 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 $112.14 million, a P/E ratio of 9.65 and a beta of 0.44. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.76 and a quick ratio of 0.75.

Landmark Bancorp (NASDAQ:LARK) last released its 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 during the quarter.

Landmark Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Wednesday, May 15th were paid a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.84 dividend on an annualized basis and a yield of 4.10%. Landmark Bancorp’s dividend payout ratio (DPR) is presently 39.56%.

Insider Buying and Selling at Landmark Bancorp

In other news, Director Angela S. Hurt acquired 4,232 shares of Landmark Bancorp stock in a transaction on Tuesday, May 21st. The stock was purchased at an average price of $19.25 per share, with a total value of $81,466.00. Following the completion of the purchase, the director now owns 4,727 shares of the company’s stock, valued at approximately $90,994.75. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders bought 4,882 shares of company stock valued at $93,804. Company insiders own 17.20% of the company’s stock.

Institutional Investors Weigh In On Landmark Bancorp

Hedge funds have recently added to or reduced their stakes in the company. CGN Advisors LLC purchased a new position in shares of Landmark Bancorp during the second quarter valued at approximately $202,000. Empowered Funds LLC boosted its position in shares of Landmark Bancorp by 7.8% during the first quarter. Empowered Funds LLC now owns 12,043 shares of the financial services provider’s stock valued at $232,000 after buying an additional 875 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of Landmark Bancorp during the fourth quarter valued at approximately $240,000. Finally, Kornitzer Capital Management Inc. KS boosted its position in shares of Landmark Bancorp by 5.1% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 120,748 shares of the financial services provider’s stock valued at $2,390,000 after buying an additional 5,871 shares during the last quarter. Institutional investors and hedge funds own 25.66% of the company’s stock.

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.