Landmark Bancorp, Inc. (NASDAQ:LARK) Short Interest Update

Landmark Bancorp, Inc. (NASDAQ:LARK) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 74,800 shares, a growth of 61.6% from the February 28th total of 46,300 shares. Based on an average daily trading volume, of 12,100 shares, the days-to-cover ratio is presently 6.2 days. Approximately 1.8% of the shares of the stock are sold short.

Landmark Bancorp Price Performance

Shares of NASDAQ:LARK traded down $0.39 during midday trading on Friday, hitting $27.11. The company had a trading volume of 19,461 shares, compared to its average volume of 6,002. Landmark Bancorp has a twelve month low of $17.05 and a twelve month high of $28.55. The stock has a market cap of $156.59 million, a price-to-earnings ratio of 11.97 and a beta of 0.43. The business’s 50-day simple moving average is $24.80 and its 200-day simple moving average is $23.12. 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 (NASDAQ:LARK) last released 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 19th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.10%. This is a positive change 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 presently 37.00%.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Landmark Bancorp in a research report on Saturday, March 22nd. They set a “hold” rating on the stock.

Insider Activity at Landmark Bancorp

In other news, Director Patrick L. Alexander sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $24.53, for a total value of $490,600.00. Following the transaction, the director now owns 80,285 shares in the company, valued at $1,969,391.05. This trade represents a 19.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael E. Scheopner sold 3,097 shares of the business’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 value of $78,385.07. Following the sale, the director now owns 131,269 shares of the company’s stock, valued at $3,322,418.39. The trade was 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 currently owned by corporate insiders.

Institutional Investors Weigh In On Landmark Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its holdings in shares of Landmark Bancorp by 22.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 237,876 shares of the financial services provider’s stock worth $5,711,000 after purchasing an additional 43,401 shares during the period. Fourthstone LLC purchased a new position in Landmark Bancorp during the fourth quarter worth about $466,000. Dimensional Fund Advisors LP boosted its stake in Landmark Bancorp by 4.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 180,280 shares of the financial services provider’s stock worth $4,329,000 after buying an additional 8,490 shares during the period. Northern Trust Corp increased its position in shares of Landmark Bancorp by 35.0% during the fourth quarter. Northern Trust Corp now owns 21,017 shares of the financial services provider’s stock valued at $505,000 after acquiring an additional 5,447 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its stake in shares of Landmark Bancorp by 4.4% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 127,957 shares of the financial services provider’s stock valued at $3,072,000 after acquiring an additional 5,353 shares during the period. 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.