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 report released on Saturday morning. The firm issued a hold rating on the financial services provider’s stock.

Landmark Bancorp Trading Down 0.9 %

Shares of Landmark Bancorp stock opened at $27.30 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.81. The firm has a market cap of $157.68 million, a price-to-earnings ratio of 12.05 and a beta of 0.43. The business has a fifty day simple moving average of $24.45 and a 200-day simple moving average of $22.87. Landmark Bancorp has a fifty-two week low of $17.05 and a fifty-two week high of $28.55.

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

Landmark Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.08%. This is an increase from Landmark Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, February 19th. Landmark Bancorp’s dividend payout ratio is currently 37.00%.

Insider Activity

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

Institutional Investors Weigh In On Landmark Bancorp

Several hedge funds have recently bought and sold shares of LARK. CGN Advisors LLC lifted its stake in Landmark Bancorp by 5.0% in the 4th quarter. CGN Advisors LLC now owns 11,045 shares of the financial services provider’s stock worth $265,000 after acquiring an additional 526 shares in the last quarter. Empowered Funds LLC lifted its stake in Landmark Bancorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 13,613 shares of the financial services provider’s stock worth $275,000 after acquiring an additional 670 shares in the last quarter. Private Advisor Group LLC lifted its stake in Landmark Bancorp by 5.0% in the 4th quarter. Private Advisor Group LLC now owns 13,969 shares of the financial services provider’s stock worth $335,000 after acquiring an additional 660 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in Landmark Bancorp by 5.0% in the 4th quarter. OneDigital Investment Advisors LLC now owns 14,053 shares of the financial services provider’s stock worth $337,000 after acquiring an additional 671 shares in the last quarter. Finally, Fourthstone LLC purchased a new stake in Landmark Bancorp in the 4th quarter worth about $466,000. 25.66% of the stock is owned by hedge funds and other institutional investors.

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.