StockNews.com Initiates Coverage on Landmark Bancorp (NASDAQ:LARK)

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

Landmark Bancorp Stock Up 2.1 %

LARK stock opened at $23.69 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.81. Landmark Bancorp has a twelve month low of $17.05 and a twelve month high of $26.75. The company’s 50 day moving average is $24.25 and its two-hundred day moving average is $22.35. The stock has a market cap of $136.83 million, a P/E ratio of 10.46 and a beta of 0.46.

Landmark Bancorp (NASDAQ:LARK) last released its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $0.71 earnings per share 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 announced 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 dividend on an annualized basis and a dividend yield of 3.55%. This is a boost from Landmark Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, February 19th. Landmark Bancorp’s payout ratio is presently 37.00%.

Insider Activity

In other news, Director Patrick L. Alexander sold 20,000 shares of Landmark Bancorp 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 transaction, the director now directly owns 80,285 shares of the company’s stock, valued at $1,969,391.05. The trade was a 19.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael E. Scheopner sold 3,097 shares of Landmark Bancorp stock in a transaction 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 transaction, the director now directly owns 131,269 shares in the company, valued at $3,322,418.39. The trade was a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 17.20% of the company’s stock.

Hedge Funds Weigh In On Landmark Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Empowered Funds LLC grew its position in Landmark Bancorp by 6.9% in the 4th quarter. Empowered Funds LLC now owns 14,556 shares of the financial services provider’s stock valued at $349,000 after buying an additional 943 shares during the last quarter. De Lisle Partners LLP grew its position in Landmark Bancorp by 78.1% in 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 buying an additional 29,637 shares during the last quarter. CGN Advisors LLC grew its position 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 valued at $265,000 after buying an additional 526 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its position in Landmark Bancorp by 4.4% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 127,957 shares of the financial services provider’s stock valued at $3,072,000 after buying an additional 5,353 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its position in Landmark Bancorp by 4.1% in the 4th quarter. Bridgeway Capital Management LLC now owns 42,771 shares of the financial services provider’s stock valued at $1,027,000 after buying an additional 1,667 shares during the last quarter. 25.66% of the stock is currently owned by hedge funds and other institutional investors.

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.