Landmark Bancorp (NASDAQ:LARK) Earns Hold Rating from Analysts at StockNews.com

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

Landmark Bancorp Stock Performance

Shares of LARK opened at $25.34 on Tuesday. The stock has a market cap of $146.47 million, a price-to-earnings ratio of 11.19 and a beta of 0.46. Landmark Bancorp has a 52 week low of $17.05 and a 52 week high of $26.75. The business has a 50-day simple moving average of $24.27 and a two-hundred day simple moving average of $22.22. 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 (NASDAQ:LARK) last released its quarterly earnings data 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.31%. This is an increase from Landmark Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, February 19th. Landmark Bancorp’s dividend payout ratio is presently 35.32%.

Insider Transactions at Landmark Bancorp

In related news, Director Michael E. Scheopner sold 3,097 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $25.31, for a total value of $78,385.07. Following the transaction, the director now owns 131,269 shares of the company’s stock, valued at $3,322,418.39. This 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 is available through the SEC website. Also, Director Patrick L. Alexander sold 20,000 shares of the 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 directly owns 80,285 shares in the company, valued at $1,969,391.05. This trade represents a 19.94 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 17.20% of the company’s stock.

Hedge Funds Weigh In On Landmark Bancorp

Institutional investors have recently modified their holdings of the stock. CGN Advisors LLC grew its position in shares of Landmark Bancorp by 5.0% during the 4th 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. Private Advisor Group LLC boosted its holdings 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 buying an additional 660 shares during the last quarter. Empowered Funds LLC boosted its holdings 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 buying an additional 670 shares during the last quarter. OneDigital Investment Advisors LLC boosted its holdings 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 buying an additional 671 shares during the last quarter. Finally, RBF Capital LLC boosted its holdings in Landmark Bancorp by 4.5% in the 4th quarter. RBF Capital LLC now owns 23,892 shares of the financial services provider’s stock worth $574,000 after buying an additional 1,021 shares during the last quarter. Hedge funds and other institutional investors 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.