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

StockNews.com started coverage on shares of Landmark Bancorp (NASDAQ:LARKFree Report) in a report published on Saturday. The firm issued a hold rating on the financial services provider’s stock.

Landmark Bancorp Price Performance

Shares of Landmark Bancorp stock opened at $20.01 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $109.53 million, a price-to-earnings ratio of 9.44 and a beta of 0.44. Landmark Bancorp has a twelve month low of $15.70 and a twelve month high of $21.78. The company has a 50-day simple moving average of $20.18 and a two-hundred day simple moving average of $19.65.

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

Landmark Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend was Wednesday, August 21st. Landmark Bancorp’s payout ratio is currently 39.62%.

Hedge Funds Weigh In On Landmark Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Empowered Funds LLC increased its stake in Landmark Bancorp by 7.8% in the first quarter. Empowered Funds LLC now owns 12,043 shares of the financial services provider’s stock valued at $232,000 after acquiring an additional 875 shares during the last quarter. CGN Advisors LLC bought a new position in shares of Landmark Bancorp in the 2nd quarter valued at $202,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Landmark Bancorp during the 2nd quarter worth $338,000. 25.66% of the stock is currently owned by institutional investors and hedge funds.

About Landmark Bancorp

(Get Free Report)

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.

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