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

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

Landmark Bancorp Trading Up 0.6 %

Shares of LARK stock opened at $20.63 on Thursday. The stock has a 50-day simple moving average of $19.52 and a 200 day simple moving average of $19.59. Landmark Bancorp has a fifty-two week low of $15.70 and a fifty-two week high of $21.78. The stock has a market capitalization of $112.82 million, a P/E ratio of 9.71 and a beta of 0.44. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.76.

Landmark Bancorp (NASDAQ:LARK) last announced its earnings results on Wednesday, May 1st. The financial services provider reported $0.51 earnings per share for the quarter. Landmark Bancorp had a return on equity of 9.70% and a net margin of 14.39%. The business had revenue of $21.15 million during the quarter.

Landmark Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Wednesday, May 15th were paid a dividend of $0.21 per share. The ex-dividend date was Tuesday, May 14th. This represents a $0.84 annualized dividend and a yield of 4.07%. Landmark Bancorp’s dividend payout ratio is currently 39.56%.

Insider Activity at Landmark Bancorp

In related news, Director Angela S. Hurt purchased 4,232 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was acquired at an average price of $19.25 per share, for a total transaction of $81,466.00. Following the transaction, the director now directly owns 4,727 shares of the company’s stock, valued at approximately $90,994.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought 4,882 shares of company stock valued at $93,804 over the last 90 days. 17.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Landmark Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of LARK. Kornitzer Capital Management Inc. KS boosted its position in shares of Landmark Bancorp by 5.1% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 120,748 shares of the financial services provider’s stock valued at $2,390,000 after purchasing an additional 5,871 shares during the period. Private Advisor Group LLC acquired a new position in shares of Landmark Bancorp in the 4th quarter valued at $240,000. Empowered Funds LLC boosted its position in Landmark Bancorp by 7.8% during the 1st quarter. Empowered Funds LLC now owns 12,043 shares of the financial services provider’s stock worth $232,000 after acquiring an additional 875 shares during the period. Finally, CGN Advisors LLC acquired a new stake in Landmark Bancorp during the 2nd quarter worth about $202,000. Institutional investors and hedge funds 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.