Landmark Bancorp, Inc. (NASDAQ:LARK) Short Interest Update

Landmark Bancorp, Inc. (NASDAQ:LARK) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 74,800 shares, a growth of 61.6% from the February 28th total of 46,300 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average daily volume of 12,100 shares, the short-interest ratio is presently 6.2 days.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Landmark Bancorp in a research note on Saturday, March 22nd. They set a “hold” rating for the company.

Landmark Bancorp Price Performance

Shares of LARK traded down $0.39 during mid-day trading on Friday, hitting $27.11. The company’s stock had a trading volume of 19,461 shares, compared to its average volume of 6,002. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.80 and a quick ratio of 0.79. The firm has a 50-day moving average price of $24.80 and a 200 day moving average price of $23.08. Landmark Bancorp has a fifty-two week low of $17.05 and a fifty-two week high of $28.55. The stock has a market capitalization of $156.59 million, a price-to-earnings ratio of 11.97 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 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 business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were given a dividend of $0.21 per share. The ex-dividend date was Wednesday, February 19th. This is a positive change from Landmark Bancorp’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.10%. Landmark Bancorp’s payout ratio is 37.00%.

Insider Activity

In other Landmark Bancorp news, Director Michael E. Scheopner sold 3,097 shares of the company’s 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 completion of the sale, the director now directly owns 131,269 shares in the company, valued at $3,322,418.39. This represents a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction, the director now directly owns 80,285 shares of the company’s stock, valued at approximately $1,969,391.05. The trade was a 19.94 % 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.

Institutional Investors Weigh In On Landmark Bancorp

Several hedge funds have recently modified their holdings of LARK. CGN Advisors LLC increased its stake 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 worth $265,000 after purchasing an additional 526 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Landmark Bancorp by 5.0% in the fourth 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 period. OneDigital Investment Advisors LLC increased its position in shares of Landmark Bancorp by 5.0% in the fourth quarter. OneDigital Investment Advisors LLC now owns 14,053 shares of the financial services provider’s stock worth $337,000 after acquiring an additional 671 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Landmark Bancorp by 6.9% during the fourth quarter. Empowered Funds LLC now owns 14,556 shares of the financial services provider’s stock valued at $349,000 after acquiring an additional 943 shares during the period. Finally, Fourthstone LLC purchased a new stake in shares of Landmark Bancorp in the 4th quarter valued at approximately $466,000. 25.66% of the stock is owned by hedge funds and other institutional investors.

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.