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

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

Landmark Bancorp Trading Up 0.3 %

Shares of LARK opened at $23.23 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.80 and a quick ratio of 0.79. Landmark Bancorp has a 1 year low of $17.05 and a 1 year high of $26.75. The company has a 50 day simple moving average of $24.14 and a two-hundred day simple moving average of $22.52. The firm has a market cap of $134.18 million, a P/E ratio of 10.26 and a beta of 0.43.

Landmark Bancorp (NASDAQ:LARK) last announced its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter. Landmark Bancorp had a net margin of 14.51% and a return on equity of 10.51%.

Landmark Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th were issued a dividend of $0.21 per share. This is a positive change from Landmark Bancorp’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date was Wednesday, February 19th. Landmark Bancorp’s dividend payout ratio (DPR) is 37.00%.

Insider Buying and Selling at Landmark Bancorp

In other news, Director Patrick L. Alexander sold 20,000 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $24.53, for a total transaction of $490,600.00. Following the completion of the transaction, the director now directly owns 80,285 shares in the company, valued at approximately $1,969,391.05. This represents a 19.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael E. Scheopner sold 3,097 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $25.31, for a total value of $78,385.07. Following the transaction, the director now owns 131,269 shares of the company’s stock, valued at $3,322,418.39. This represents a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 17.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CGN Advisors LLC boosted its position in shares of Landmark Bancorp by 5.0% during the 4th quarter. CGN Advisors LLC now owns 11,045 shares of the financial services provider’s stock valued at $265,000 after acquiring an additional 526 shares during the last quarter. Private Advisor Group LLC lifted its position in Landmark Bancorp by 5.0% in the fourth quarter. Private Advisor Group LLC now owns 13,969 shares of the financial services provider’s stock worth $335,000 after buying an additional 660 shares during the last quarter. Empowered Funds LLC lifted its position in Landmark Bancorp by 5.2% in the third quarter. Empowered Funds LLC now owns 13,613 shares of the financial services provider’s stock worth $275,000 after buying an additional 670 shares during the last quarter. OneDigital Investment Advisors LLC lifted its position in Landmark Bancorp by 5.0% in the fourth quarter. OneDigital Investment Advisors LLC now owns 14,053 shares of the financial services provider’s stock worth $337,000 after buying an additional 671 shares during the last quarter. Finally, RBF Capital LLC lifted its position in Landmark Bancorp by 4.5% in the fourth quarter. RBF Capital LLC now owns 23,892 shares of the financial services provider’s stock worth $574,000 after buying an additional 1,021 shares during the last quarter. 25.66% of the stock is currently owned by institutional investors.

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.