Landmark Bancorp (NASDAQ:LARK) Receives New Coverage from Analysts at StockNews.com

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

Landmark Bancorp Trading Up 1.6 %

Shares of LARK opened at $19.46 on Friday. The firm’s 50 day simple moving average is $19.17 and its 200 day simple moving average is $19.59. The company has a market capitalization of $106.45 million, a P/E ratio of 9.16 and a beta of 0.44. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.76 and a quick ratio of 0.75. Landmark Bancorp has a 1-year low of $15.70 and a 1-year high of $21.78.

Landmark Bancorp (NASDAQ:LARK) last announced its earnings results on Wednesday, May 1st. The financial services provider reported $0.51 earnings per share for the quarter. The business had revenue of $21.15 million for the quarter. Landmark Bancorp had a net margin of 14.39% and a return on equity of 9.70%.

Landmark Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 4.32%. The ex-dividend date was Tuesday, May 14th. Landmark Bancorp’s dividend payout ratio (DPR) is presently 39.56%.

Insiders Place Their Bets

In other Landmark Bancorp news, Director Angela S. Hurt purchased 4,232 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were purchased at an average cost of $19.25 per share, with a total value of $81,466.00. Following the completion of the purchase, the director now owns 4,727 shares of the company’s stock, valued at approximately $90,994.75. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have acquired 4,882 shares of company stock valued at $93,804. 17.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Empowered Funds LLC raised its stake in shares of Landmark Bancorp by 7.8% during the first quarter. Empowered Funds LLC now owns 12,043 shares of the financial services provider’s stock worth $232,000 after acquiring an additional 875 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its stake in shares of Landmark Bancorp by 5.1% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 120,748 shares of the financial services provider’s stock worth $2,390,000 after acquiring an additional 5,871 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new position in shares of Landmark Bancorp during the fourth quarter worth approximately $240,000. 25.66% of the stock is 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.