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

StockNews.com began coverage on shares of Landmark Bancorp (NASDAQ:LARK) in a research note published on Friday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Landmark Bancorp Stock Down 1.8 %

Shares of NASDAQ:LARK opened at $20.19 on Friday. The business’s 50 day moving average is $20.21 and its 200 day moving average is $19.61. Landmark Bancorp has a 12-month low of $15.70 and a 12-month high of $21.78. The stock has a market cap of $110.52 million, a price-to-earnings ratio of 9.52 and a beta of 0.44. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.19.

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

Landmark Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were paid a $0.21 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.84 annualized dividend and a yield of 4.16%. Landmark Bancorp’s dividend payout ratio (DPR) is 39.62%.

Institutional Trading of Landmark Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. CGN Advisors LLC purchased a new position in Landmark Bancorp in the second quarter valued at about $202,000. Empowered Funds LLC raised its holdings in shares of Landmark Bancorp by 7.8% in the 1st quarter. Empowered Funds LLC now owns 12,043 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 875 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in Landmark Bancorp in the second quarter valued at approximately $338,000. 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.