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

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

Landmark Bancorp Stock Down 2.2 %

Shares of LARK stock opened at $24.07 on Tuesday. The company has a market capitalization of $139.03 million, a price-to-earnings ratio of 11.18 and a beta of 0.47. The firm has a fifty day moving average of $22.72 and a 200-day moving average of $20.92. Landmark Bancorp has a 12-month low of $17.05 and a 12-month high of $25.25. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.81.

Landmark Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend was Wednesday, November 13th. Landmark Bancorp’s dividend payout ratio (DPR) is currently 37.21%.

Institutional Investors Weigh In On Landmark Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC increased its position in Landmark Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 13,613 shares of the financial services provider’s stock worth $275,000 after buying an additional 670 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Landmark Bancorp in the 2nd quarter valued at $338,000. Finally, De Lisle Partners LLP lifted its holdings in shares of Landmark Bancorp by 78.1% during the 3rd quarter. De Lisle Partners LLP now owns 67,595 shares of the financial services provider’s stock worth $1,369,000 after acquiring an additional 29,637 shares during the period. Institutional investors own 25.66% of the company’s stock.

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.