Kornitzer Capital Management Inc. KS Sells 1,379 Shares of Landmark Bancorp, Inc. (NASDAQ:LARK)

Kornitzer Capital Management Inc. KS lowered its stake in shares of Landmark Bancorp, Inc. (NASDAQ:LARK) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 122,604 shares of the financial services provider’s stock after selling 1,379 shares during the quarter. Kornitzer Capital Management Inc. KS owned 2.23% of Landmark Bancorp worth $2,475,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in LARK. CGN Advisors LLC purchased a new stake in Landmark Bancorp in the second quarter worth approximately $202,000. Empowered Funds LLC lifted its holdings in shares of Landmark Bancorp by 7.8% in 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 last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Landmark Bancorp in the 2nd quarter valued at $338,000. 25.66% of the stock is owned by institutional investors.

Landmark Bancorp Trading Up 2.8 %

NASDAQ LARK opened at $22.00 on Friday. The firm has a market cap of $121 million, a PE ratio of 9.73 and a beta of 0.43. Landmark Bancorp, Inc. has a 1-year low of $16.85 and a 1-year high of $22.00. The stock has a 50-day moving average of $20.48 and a 200-day moving average of $19.85. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.19.

Landmark Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a $0.21 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.84 annualized dividend and a yield of 3.82%. Landmark Bancorp’s payout ratio is currently 37.17%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Landmark Bancorp in a research report on Wednesday. They issued a “hold” rating on the 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.