StockNews.com Begins Coverage on Landmark Bancorp (NASDAQ:LARK)

StockNews.com initiated coverage on shares of Landmark Bancorp (NASDAQ:LARK) in a report released on Wednesday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Landmark Bancorp Price Performance

LARK stock opened at $20.21 on Wednesday. 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 has a one year low of $15.70 and a one year high of $21.78. The firm has a market capitalization of $111.16 million, a PE ratio of 9.52 and a beta of 0.44. The firm has a 50-day moving average of $20.07 and a two-hundred day moving average of $19.57.

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

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 issued a $0.21 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.84 dividend on an annualized basis and a yield of 4.16%. Landmark Bancorp’s dividend payout ratio is currently 39.56%.

Hedge Funds Weigh In On Landmark Bancorp

A number of hedge funds have recently added to or reduced their stakes in LARK. Sanctuary Advisors LLC acquired a new position in Landmark Bancorp in the second quarter worth approximately $338,000. Private Advisor Group LLC acquired a new position in Landmark Bancorp during the fourth quarter valued at approximately $240,000. CGN Advisors LLC acquired a new position in Landmark Bancorp during the second quarter valued at approximately $202,000. Finally, Empowered Funds LLC grew its holdings in Landmark Bancorp by 7.8% during the first quarter. Empowered Funds LLC now owns 12,043 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 875 shares during the last quarter. Institutional investors and hedge funds 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.