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 report published on Friday morning. The firm issued a hold rating on the financial services provider’s stock.

Landmark Bancorp Price Performance

Shares of LARK opened at $24.72 on Friday. The company has a market capitalization of $142.78 million, a P/E ratio of 10.91 and a beta of 0.43. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average of $24.16 and a 200 day moving average of $22.69. Landmark Bancorp has a twelve month low of $17.05 and a twelve month high of $26.75.

Landmark Bancorp (NASDAQ:LARK) last posted its earnings results on Tuesday, February 4th. The financial services provider reported $0.71 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend was Wednesday, February 19th. This is a boost from Landmark Bancorp’s previous quarterly dividend of $0.20. Landmark Bancorp’s dividend payout ratio (DPR) is currently 37.00%.

Insider Activity at Landmark Bancorp

In other Landmark Bancorp news, Director Patrick L. Alexander sold 20,000 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $24.53, for a total value of $490,600.00. Following the sale, the director now owns 80,285 shares in the company, valued at $1,969,391.05. The trade was a 19.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael E. Scheopner sold 3,097 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $25.31, for a total transaction of $78,385.07. Following the completion of the sale, the director now owns 131,269 shares in the company, valued at approximately $3,322,418.39. The trade was a 2.30 % decrease in their position. The disclosure for this sale can be found here. 17.20% of the stock is owned by corporate insiders.

Institutional Trading of Landmark Bancorp

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