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

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

Landmark Bancorp Trading Up 1.7 %

Landmark Bancorp stock opened at $20.78 on Thursday. Landmark Bancorp has a one year low of $15.70 and a one year high of $21.78. The company’s fifty day moving average price is $20.15 and its two-hundred day moving average price is $19.58. The company has a market capitalization of $113.75 million, a price-to-earnings ratio of 9.80 and a beta of 0.44. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.80 and a quick ratio of 0.80.

Landmark Bancorp (NASDAQ:LARK) last issued its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.55 earnings per share for the quarter. The business had revenue of $14.69 million for the quarter. Landmark Bancorp had a return on equity of 9.20% and a net margin of 13.59%.

Landmark Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were issued a $0.21 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.84 annualized dividend and a yield of 4.04%. Landmark Bancorp’s dividend payout ratio (DPR) is presently 39.62%.

Institutional Investors Weigh In On Landmark Bancorp

Hedge funds have recently bought and sold shares of the company. CGN Advisors LLC acquired a new position in shares of Landmark Bancorp during the 2nd quarter worth about $202,000. Empowered Funds LLC lifted its holdings in shares of Landmark Bancorp by 7.8% during the first quarter. Empowered Funds LLC now owns 12,043 shares of the financial services provider’s stock worth $232,000 after buying an additional 875 shares during the last quarter. Private Advisor Group LLC acquired a new stake in shares of Landmark Bancorp in the fourth quarter worth $240,000. Finally, Sanctuary Advisors LLC bought a new position in Landmark Bancorp during the second quarter worth $338,000. 25.66% of the stock is currently owned by institutional investors.

About Landmark Bancorp

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.