Landmark Bancorp (NASDAQ:LARK) Coverage Initiated by Analysts at StockNews.com

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

Landmark Bancorp Stock Performance

Landmark Bancorp stock opened at $24.72 on Friday. The company’s 50-day moving average price is $24.16 and its 200-day moving average price is $22.69. 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. The company has a market cap of $142.78 million, a PE ratio of 10.91 and a beta of 0.43.

Landmark Bancorp (NASDAQ:LARK) last issued its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $0.71 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 company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 19th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.40%. This is an increase 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%.

Insider Activity at Landmark Bancorp

In other Landmark Bancorp news, Director Michael E. Scheopner sold 3,097 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $25.31, for a total value of $78,385.07. Following the transaction, the director now directly owns 131,269 shares in the company, valued at $3,322,418.39. This represents a 2.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Patrick L. Alexander sold 20,000 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $24.53, for a total transaction of $490,600.00. Following the completion of the transaction, the director now owns 80,285 shares in the company, valued at $1,969,391.05. This represents a 19.94 % 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 insiders.

Hedge Funds Weigh In On Landmark Bancorp

Hedge funds have recently added to or reduced their stakes in the stock. CGN Advisors LLC grew its stake in Landmark Bancorp by 5.0% in the 4th quarter. CGN Advisors LLC now owns 11,045 shares of the financial services provider’s stock worth $265,000 after acquiring an additional 526 shares in the last quarter. Empowered Funds LLC grew its stake in Landmark Bancorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 13,613 shares of the financial services provider’s stock worth $275,000 after acquiring an additional 670 shares in the last quarter. Private Advisor Group LLC grew its stake in Landmark Bancorp by 5.0% in the 4th quarter. Private Advisor Group LLC now owns 13,969 shares of the financial services provider’s stock worth $335,000 after acquiring an additional 660 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in Landmark Bancorp by 5.0% in the 4th quarter. OneDigital Investment Advisors LLC now owns 14,053 shares of the financial services provider’s stock worth $337,000 after acquiring an additional 671 shares in the last quarter. Finally, Fourthstone LLC purchased a new stake in shares of Landmark Bancorp in the 4th quarter worth approximately $466,000. 25.66% of the stock is currently owned by 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.