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

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

Landmark Bancorp Trading Up 0.9 %

Shares of LARK stock opened at $20.45 on Monday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market cap of $111.94 million, a price-to-earnings ratio of 9.65 and a beta of 0.44. The stock has a 50 day simple moving average of $20.29 and a 200-day simple moving average of $19.71. Landmark Bancorp has a 1-year low of $15.70 and a 1-year high of $21.78.

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

Landmark Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 4.11%. The ex-dividend date was Wednesday, August 21st. Landmark Bancorp’s payout ratio is 39.62%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC raised its stake in Landmark Bancorp by 7.8% in the 1st 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. Sanctuary Advisors LLC acquired a new position in Landmark Bancorp in the 2nd quarter valued at $338,000. Finally, CGN Advisors LLC acquired a new position in Landmark Bancorp in the 2nd quarter valued at $202,000. 25.66% of the stock is owned by institutional investors and hedge funds.

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.