Landmark Bancorp (NASDAQ:LARK) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Landmark Bancorp (NASDAQ:LARK) in a research report sent to investors on Saturday morning. The firm issued a hold rating on the financial services provider’s stock.

Landmark Bancorp Price Performance

Shares of LARK opened at $27.30 on Friday. The firm has a market cap of $157.68 million, a price-to-earnings ratio of 12.05 and a beta of 0.43. The stock has a 50 day moving average of $24.45 and a 200-day moving average of $22.87. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.81. Landmark Bancorp has a 52 week low of $17.05 and a 52 week high of $28.55.

Landmark Bancorp (NASDAQ:LARK) last issued its earnings results on Tuesday, February 4th. The financial services provider reported $0.71 EPS for the quarter. Landmark Bancorp had a return on equity of 10.51% and a net margin of 14.51%.

Landmark Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 19th were given a dividend of $0.21 per share. The ex-dividend date was Wednesday, February 19th. This represents a $0.84 dividend on an annualized basis and a yield of 3.08%. This is a positive change from Landmark Bancorp’s previous quarterly dividend of $0.20. Landmark Bancorp’s payout ratio is currently 37.00%.

Insider Activity at Landmark Bancorp

In related news, Director Michael E. Scheopner sold 3,097 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $25.31, for a total transaction of $78,385.07. Following the completion of the transaction, the director now owns 131,269 shares in the company, valued at $3,322,418.39. The trade was a 2.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Patrick L. Alexander sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $24.53, for a total value of $490,600.00. Following the transaction, the director now owns 80,285 shares of the company’s stock, valued at $1,969,391.05. This represents a 19.94 % decrease in their position. The disclosure for this sale can be found here. Insiders own 17.20% of the company’s stock.

Institutional Trading of Landmark Bancorp

Several hedge funds have recently added to or reduced their stakes in the business. First Manhattan CO. LLC. raised its stake in Landmark Bancorp by 5.0% during the 4th quarter. First Manhattan CO. LLC. now owns 21,618 shares of the financial services provider’s stock valued at $519,000 after acquiring an additional 1,029 shares in the last quarter. BOKF NA raised its stake in Landmark Bancorp by 5.0% during the 4th quarter. BOKF NA now owns 22,441 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 1,068 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in Landmark Bancorp by 4.1% during the 4th quarter. Bridgeway Capital Management LLC now owns 42,771 shares of the financial services provider’s stock valued at $1,027,000 after acquiring an additional 1,667 shares in the last quarter. Northern Trust Corp raised its stake in Landmark Bancorp by 35.0% during the 4th quarter. Northern Trust Corp now owns 21,017 shares of the financial services provider’s stock valued at $505,000 after acquiring an additional 5,447 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Landmark Bancorp by 22.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 237,876 shares of the financial services provider’s stock valued at $5,711,000 after acquiring an additional 43,401 shares in the last quarter. Institutional investors own 25.66% of the company’s stock.

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.