Landmark Bancorp (NASDAQ:LARK) Research Coverage Started at StockNews.com

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

Landmark Bancorp Price Performance

LARK stock opened at $23.23 on Thursday. The firm has a market capitalization of $134.18 million, a P/E ratio of 10.26 and a beta of 0.43. The firm has a 50 day moving average of $24.14 and a 200-day moving average of $22.52. Landmark Bancorp has a 12 month low of $17.05 and a 12 month high of $26.75. 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 (NASDAQ:LARK) last announced its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $0.71 earnings per share (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 business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.84 annualized dividend and a yield of 3.62%. This is a boost from Landmark Bancorp’s previous quarterly dividend of $0.20. Landmark Bancorp’s dividend payout ratio is currently 37.00%.

Insider Buying and Selling at Landmark Bancorp

In other news, Director Patrick L. Alexander sold 20,000 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $24.53, for a total transaction of $490,600.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $78,385.07. Following the sale, the director now directly owns 131,269 shares of the company’s stock, valued at $3,322,418.39. The trade was a 2.30 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 17.20% of the company’s stock.

Institutional Investors Weigh In On Landmark Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in LARK. CGN Advisors LLC increased its position in shares of Landmark Bancorp by 5.0% during the 4th quarter. CGN Advisors LLC now owns 11,045 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 526 shares during the last quarter. Empowered Funds LLC increased its position in shares of Landmark Bancorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 13,613 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 670 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Landmark Bancorp by 5.0% during the 4th quarter. Private Advisor Group LLC now owns 13,969 shares of the financial services provider’s stock valued at $335,000 after purchasing an additional 660 shares during the last quarter. OneDigital Investment Advisors LLC increased its position in shares of Landmark Bancorp by 5.0% during the 4th quarter. OneDigital Investment Advisors LLC now owns 14,053 shares of the financial services provider’s stock valued at $337,000 after purchasing an additional 671 shares during the last quarter. Finally, Fourthstone LLC purchased a new stake in shares of Landmark Bancorp during the 4th quarter valued at about $466,000. Hedge funds and other 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.