Landmark Bancorp (NASDAQ:LARK) Now Covered by Analysts at StockNews.com

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

Landmark Bancorp Trading Up 2.1 %

Shares of LARK stock opened at $23.69 on Wednesday. The company has a 50-day moving average of $24.25 and a two-hundred day moving average of $22.35. 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 1-year low of $17.05 and a 1-year high of $26.75. The firm has a market cap of $136.83 million, a PE ratio of 10.46 and a beta of 0.46.

Landmark Bancorp (NASDAQ:LARK) last posted its quarterly earnings data 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 disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th will be paid a $0.21 dividend. This is a positive change from Landmark Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, February 19th. This represents a $0.84 annualized dividend and a dividend yield of 3.55%. Landmark Bancorp’s dividend payout ratio (DPR) is presently 37.00%.

Insider Activity

In related news, Director Patrick L. Alexander sold 20,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $1,969,391.05. This trade represents a 19.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael E. Scheopner sold 3,097 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were 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 directly owns 131,269 shares in the company, valued at approximately $3,322,418.39. This trade represents a 2.30 % decrease in their position. The disclosure for this sale can be found here. Insiders own 17.20% of the company’s stock.

Institutional Trading of Landmark Bancorp

Several hedge funds have recently added to or reduced their stakes in the company. First Manhattan CO. LLC. raised its holdings in Landmark Bancorp by 5.0% in the fourth quarter. First Manhattan CO. LLC. now owns 21,618 shares of the financial services provider’s stock valued at $519,000 after acquiring an additional 1,029 shares in the last quarter. BOKF NA raised its holdings in Landmark Bancorp by 5.0% in the fourth quarter. BOKF NA now owns 22,441 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 1,068 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in Landmark Bancorp by 4.1% in the fourth quarter. Bridgeway Capital Management LLC now owns 42,771 shares of the financial services provider’s stock valued at $1,027,000 after acquiring an additional 1,667 shares in the last quarter. Northern Trust Corp raised its holdings in Landmark Bancorp by 35.0% in the fourth quarter. Northern Trust Corp now owns 21,017 shares of the financial services provider’s stock valued at $505,000 after acquiring an additional 5,447 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Landmark Bancorp by 22.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 237,876 shares of the financial services provider’s stock worth $5,711,000 after purchasing an additional 43,401 shares in the last quarter. 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.