Landmark Bancorp (NASDAQ:LARK) Coverage Initiated by Analysts at StockNews.com

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

Landmark Bancorp Stock Performance

Shares of NASDAQ LARK opened at $24.72 on Friday. 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’s 50-day moving average price is $24.15 and its two-hundred day moving average price is $22.62. Landmark Bancorp has a 52-week low of $17.05 and a 52-week high of $26.75. The stock has a market capitalization of $142.78 million, a P/E ratio of 10.91 and a beta of 0.43.

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

Insider Buying and Selling at Landmark Bancorp

In other Landmark Bancorp news, 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 value of $78,385.07. Following the sale, the director now owns 131,269 shares in the company, valued at approximately $3,322,418.39. This trade represents a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $490,600.00. Following the completion of 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 disclosure for this sale can be found here. 17.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of 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 acquiring an additional 670 shares during the period. De Lisle Partners LLP increased its stake in shares of Landmark Bancorp by 78.1% during the third quarter. De Lisle Partners LLP now owns 67,595 shares of the financial services provider’s stock valued at $1,369,000 after acquiring an additional 29,637 shares during the period. CGN Advisors LLC increased its stake in shares of Landmark Bancorp by 5.0% during the fourth quarter. CGN Advisors LLC now owns 11,045 shares of the financial services provider’s stock valued at $265,000 after acquiring an additional 526 shares during the period. Kornitzer Capital Management Inc. KS increased its stake in shares of Landmark Bancorp by 4.4% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 127,957 shares of the financial services provider’s stock valued at $3,072,000 after acquiring an additional 5,353 shares during the period. Finally, Private Advisor Group LLC increased its stake in shares of Landmark Bancorp by 5.0% during the fourth quarter. Private Advisor Group LLC now owns 13,969 shares of the financial services provider’s stock valued at $335,000 after acquiring an additional 660 shares during the period. Institutional investors and hedge funds 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.