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

Landmark Bancorp, Inc. (NASDAQ:LARK) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 46,300 shares, a growth of 89.0% from the February 13th total of 24,500 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily volume of 8,200 shares, the days-to-cover ratio is currently 5.6 days.

Landmark Bancorp Stock Performance

LARK stock opened at $24.72 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.80. Landmark Bancorp has a 1 year low of $17.05 and a 1 year high of $26.75. The stock’s fifty day moving average is $24.16 and its two-hundred day moving average is $22.67. The stock has a market capitalization of $142.78 million, a price-to-earnings ratio of 10.91 and a beta of 0.43.

Landmark Bancorp (NASDAQ:LARK) last announced its earnings results on Tuesday, February 4th. The financial services provider reported $0.71 earnings per share for the quarter. Landmark Bancorp had a return on equity of 10.51% and a net margin of 14.51%.

Landmark Bancorp Increases Dividend

The company also recently declared 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 boost from Landmark Bancorp’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 3.40%. Landmark Bancorp’s dividend payout ratio (DPR) is 37.00%.

Insider Activity at Landmark Bancorp

In other news, Director Patrick L. Alexander sold 20,000 shares of the company’s stock in a transaction on Monday, February 10th. The stock was 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 directly owns 80,285 shares in the company, valued at $1,969,391.05. This represents a 19.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael E. Scheopner sold 3,097 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $25.31, for a total value 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. This trade represents a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Landmark Bancorp

Several large investors have recently made changes to their positions in LARK. CGN Advisors LLC boosted its holdings in shares of Landmark Bancorp by 5.0% in the fourth quarter. CGN Advisors LLC now owns 11,045 shares of the financial services provider’s stock worth $265,000 after buying an additional 526 shares during the period. Empowered Funds LLC boosted its holdings in Landmark Bancorp by 5.2% in the third quarter. Empowered Funds LLC now owns 13,613 shares of the financial services provider’s stock worth $275,000 after purchasing an additional 670 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Landmark Bancorp by 5.0% during the 4th 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 last quarter. OneDigital Investment Advisors LLC grew its holdings in Landmark Bancorp by 5.0% during the fourth quarter. OneDigital Investment Advisors LLC now owns 14,053 shares of the financial services provider’s stock valued at $337,000 after purchasing an additional 671 shares during the last quarter. Finally, Fourthstone LLC bought a new position in Landmark Bancorp in the 4th quarter worth $466,000. Institutional investors own 25.66% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Landmark Bancorp in a report on Friday. They issued a “hold” rating for the company.

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.