Landmark Bancorp (NASDAQ:LARK) Earns Hold Rating from Analysts at StockNews.com

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

Landmark Bancorp Trading Up 0.8 %

Shares of NASDAQ LARK opened at $25.13 on Monday. The company’s fifty day moving average is $24.10 and its 200-day moving average is $22.00. The stock has a market cap of $145.25 million, a price-to-earnings ratio of 11.09 and a beta of 0.46. Landmark Bancorp has a twelve month low of $17.05 and a twelve month high of $26.75. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.81.

Landmark Bancorp (NASDAQ:LARK) last announced its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $0.71 earnings per share 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 19th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.34%. This is a positive change from Landmark Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, February 19th. Landmark Bancorp’s dividend payout ratio (DPR) is presently 35.32%.

Insider Buying and Selling

In related news, Director Patrick L. Alexander sold 20,000 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $24.53, for a total transaction of $490,600.00. Following the sale, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 17.20% of the stock is currently owned by company 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. Kornitzer Capital Management Inc. KS lifted its position in Landmark Bancorp by 4.4% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 127,957 shares of the financial services provider’s stock worth $3,072,000 after buying an additional 5,353 shares in the last quarter. De Lisle Partners LLP lifted its position in Landmark Bancorp by 78.1% during the 3rd quarter. De Lisle Partners LLP now owns 67,595 shares of the financial services provider’s stock worth $1,369,000 after buying an additional 29,637 shares in the last quarter. Geode Capital Management LLC lifted its position in Landmark Bancorp by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 45,250 shares of the financial services provider’s stock worth $1,087,000 after buying an additional 2,058 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Landmark Bancorp during the 2nd quarter worth about $338,000. Finally, Empowered Funds LLC lifted its position in Landmark Bancorp by 6.9% during the 4th quarter. Empowered Funds LLC now owns 14,556 shares of the financial services provider’s stock worth $349,000 after buying an additional 943 shares in the last quarter. 25.66% of the stock is currently owned by institutional investors and hedge funds.

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.