Landmark Bancorp (NASDAQ:LARK) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Landmark Bancorp (NASDAQ:LARK) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the financial services provider’s stock.

Landmark Bancorp Trading Down 0.1 %

Shares of NASDAQ LARK opened at $20.47 on Friday. Landmark Bancorp has a fifty-two week low of $15.70 and a fifty-two week high of $21.78. The firm has a market capitalization of $112.05 million, a P/E ratio of 9.66 and a beta of 0.44. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.80 and a quick ratio of 0.80. The company’s 50 day simple moving average is $20.21 and its 200 day simple moving average is $19.68.

Landmark Bancorp (NASDAQ:LARK) last posted its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.55 earnings per share for the quarter. Landmark Bancorp had a return on equity of 9.20% and a net margin of 13.59%. The company had revenue of $14.69 million for the quarter.

Institutional Investors Weigh In On Landmark Bancorp

Several hedge funds have recently bought and sold shares of the company. Empowered Funds LLC increased its position in shares of Landmark Bancorp by 7.8% in the 1st quarter. Empowered Funds LLC now owns 12,043 shares of the financial services provider’s stock valued at $232,000 after buying an additional 875 shares in the last quarter. CGN Advisors LLC bought a new stake in shares of Landmark Bancorp in the second quarter worth about $202,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Landmark Bancorp during the second quarter worth about $338,000. 25.66% of the stock is currently owned by institutional investors and hedge funds.

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.