Landmark Bancorp (NASDAQ:LARK) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Landmark Bancorp (NASDAQ:LARK) in a research report sent to investors on Friday morning. The firm issued a hold rating on the financial services provider’s stock.

Landmark Bancorp Trading Down 2.2 %

Shares of NASDAQ LARK opened at $19.25 on Friday. The business has a fifty day simple moving average of $19.19 and a 200-day simple moving average of $19.60. The company has a market cap of $105.30 million, a price-to-earnings ratio of 9.07 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 quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.76.

Landmark Bancorp (NASDAQ:LARK) last posted its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.51 EPS for the quarter. The company had revenue of $21.15 million during the quarter. Landmark Bancorp had a net margin of 14.39% and a return on equity of 9.70%.

Landmark Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 4.36%. The ex-dividend date was Tuesday, May 14th. Landmark Bancorp’s dividend payout ratio (DPR) is currently 39.56%.

Insider Activity

In other Landmark Bancorp news, Director Angela S. Hurt purchased 4,232 shares of the stock in a transaction dated Tuesday, May 21st. The shares were acquired at an average price of $19.25 per share, for a total transaction of $81,466.00. Following the completion of the acquisition, the director now owns 4,727 shares of the company’s stock, valued at approximately $90,994.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired 4,882 shares of company stock worth $93,804 over the last quarter. Corporate insiders own 17.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LARK. Empowered Funds LLC boosted its stake in shares of Landmark Bancorp by 7.8% during 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. Kornitzer Capital Management Inc. KS raised its holdings 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 worth $2,390,000 after acquiring an additional 5,871 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new stake in Landmark Bancorp during the fourth quarter valued at $240,000. 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.