Short Interest in Landmark Bancorp, Inc. (NASDAQ:LARK) Drops By 14.5%

Landmark Bancorp, Inc. (NASDAQ:LARK) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 20,100 shares, a decrease of 14.5% from the November 30th total of 23,500 shares. Based on an average daily trading volume, of 3,900 shares, the days-to-cover ratio is currently 5.2 days. Currently, 0.5% of the company’s shares are sold short.

Landmark Bancorp Trading Up 0.2 %

Shares of NASDAQ:LARK traded up $0.04 during trading on Tuesday, reaching $24.10. 741 shares of the company were exchanged, compared to its average volume of 3,502. The business’s fifty day simple moving average is $22.88 and its 200-day simple moving average is $21.01. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.80 and a quick ratio of 0.79. Landmark Bancorp has a 12-month low of $17.05 and a 12-month high of $25.25. The firm has a market capitalization of $139.20 million, a PE ratio of 11.20 and a beta of 0.47.

Landmark Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.21 per share. 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 presently 37.21%.

Institutional Investors Weigh In On Landmark Bancorp

Several hedge funds have recently made changes to their positions in LARK. Empowered Funds LLC increased its stake in shares of Landmark Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 13,613 shares of the financial services provider’s stock valued at $275,000 after buying an additional 670 shares during the period. Sanctuary Advisors LLC bought a new position in Landmark Bancorp during the 2nd quarter worth about $338,000. Finally, De Lisle Partners LLP increased its position in 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 valued at $1,369,000 after purchasing an additional 29,637 shares during the period. 25.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Landmark Bancorp in a report on Tuesday, December 24th. They issued a “hold” rating on the 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.