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

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

Landmark Bancorp Trading Down 1.4 %

Landmark Bancorp stock opened at $25.34 on Tuesday. The firm’s 50-day moving average is $24.27 and its 200-day moving average is $22.22. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.80. Landmark Bancorp has a 1 year low of $17.05 and a 1 year high of $26.75. The company has a market cap of $146.47 million, a P/E ratio of 11.19 and a beta of 0.46.

Landmark Bancorp (NASDAQ:LARK) last released its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $0.71 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, February 19th. This is a boost from Landmark Bancorp’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 3.31%. Landmark Bancorp’s payout ratio is 35.32%.

Insider Transactions at Landmark Bancorp

In related 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael E. Scheopner sold 3,097 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $25.31, for a total transaction of $78,385.07. Following the transaction, the director now directly 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. 17.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Landmark Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of LARK. CGN Advisors LLC raised its holdings 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 valued at $265,000 after buying an additional 526 shares during the last quarter. Empowered Funds LLC boosted 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 purchasing an additional 670 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of 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 valued at $335,000 after buying an additional 660 shares during the period. OneDigital Investment Advisors LLC raised its stake in shares of 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 valued at $337,000 after buying an additional 671 shares during the period. Finally, Fourthstone LLC bought a new stake in shares of Landmark Bancorp during the 4th quarter valued at $466,000. Institutional investors and hedge funds own 25.66% of the company’s 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.