Landmark Bancorp, Inc. (NASDAQ:LARK) Sees Large Decrease in Short Interest

Landmark Bancorp, Inc. (NASDAQ:LARK) was the target of a large drop in short interest in September. As of September 30th, there was short interest totalling 23,600 shares, a drop of 6.0% from the September 15th total of 25,100 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,300 shares, the days-to-cover ratio is presently 10.3 days.

Landmark Bancorp Stock Down 1.7 %

Shares of NASDAQ LARK opened at $20.12 on Wednesday. The stock has a market capitalization of $110.14 million, a price-to-earnings ratio of 9.49 and a beta of 0.44. Landmark Bancorp has a 12-month low of $15.70 and a 12-month high of $21.78. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.19. The firm’s 50-day moving average price is $20.22 and its 200-day moving average price is $19.69.

Landmark Bancorp (NASDAQ:LARK) last released its earnings results on Monday, August 5th. The financial services provider reported $0.55 earnings per share for the quarter. The firm had revenue of $14.69 million for the quarter. Landmark Bancorp had a return on equity of 9.20% and a net margin of 13.59%.

Landmark Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend was Wednesday, August 21st. Landmark Bancorp’s dividend payout ratio (DPR) is currently 39.62%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Landmark Bancorp in a research report on Sunday. They set a “hold” rating for the company.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LARK. CGN Advisors LLC purchased a new position in Landmark Bancorp during the 2nd quarter valued at $202,000. Empowered Funds LLC boosted its position in Landmark Bancorp by 7.8% in the 1st 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 period. Finally, Sanctuary Advisors LLC purchased a new position in shares of Landmark Bancorp during the second quarter worth approximately $338,000. Hedge funds and other institutional investors 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.