Landmark Bancorp Stock Set to Split on Monday, December 1st (NASDAQ:LARK)

Shares of Landmark Bancorp Inc. (NASDAQ:LARK) are going to split on Monday, December 1st. The 1.05-1 split was recently announced. The newly minted shares will be payable to shareholders after the market closes on Sunday, November 30th.

Landmark Bancorp Trading Up 0.2%

NASDAQ:LARK opened at $29.14 on Thursday. The firm has a market cap of $168.75 million, a PE ratio of 9.78 and a beta of 0.31. The stock has a fifty day moving average price of $26.54 and a 200 day moving average price of $26.81. Landmark Bancorp has a 12-month low of $22.04 and a 12-month high of $31.04. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19.

Landmark Bancorp (NASDAQ:LARK) last released its earnings results on Wednesday, October 29th. The financial services provider reported $0.85 EPS for the quarter. Landmark Bancorp had a return on equity of 12.73% and a net margin of 18.32%.The firm had revenue of $18.16 million during the quarter.

Landmark Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Wednesday, November 12th. Landmark Bancorp’s dividend payout ratio is presently 28.19%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Landmark Bancorp in a research note on Tuesday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Institutional Investors Weigh In On Landmark Bancorp

A number of hedge funds have recently bought and sold shares of LARK. BNP Paribas Financial Markets boosted its holdings in shares of Landmark Bancorp by 55.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,103 shares of the financial services provider’s stock valued at $29,000 after buying an additional 392 shares during the period. Jones Financial Companies Lllp lifted its holdings in Landmark Bancorp by 341.5% in the first quarter. Jones Financial Companies Lllp now owns 2,000 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 1,547 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Landmark Bancorp by 8,612.0% in the second quarter. JPMorgan Chase & Co. now owns 2,178 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 2,153 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Landmark Bancorp during the second quarter valued at approximately $66,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Landmark Bancorp during the 2nd quarter worth approximately $108,000. 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.