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

by · The Cerbat Gem

StockNews.com began coverage on shares of Landmark Bancorp (NASDAQ:LARK – Free Report) in a research note released on Tuesday. The brokerage issued a hold rating on the financial services provider’s stock.

Separately, TheStreet lowered Landmark Bancorp from a b- rating to a c+ rating in a research report on Monday, October 16th.

View Our Latest Analysis on LARK

Landmark Bancorp Trading Up 0.1 %

NASDAQ LARK opened at $19.15 on Tuesday. The firm has a market capitalization of $99.96 million, a P/E ratio of 9.30 and a beta of 0.34. The business has a fifty day simple moving average of $18.12 and a 200 day simple moving average of $19.81. Landmark Bancorp has a 12 month low of $15.70 and a 12 month high of $24.31. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.95.

Landmark Bancorp (NASDAQ:LARK – Get Free Report) last announced its earnings results on Tuesday, October 31st. The financial services provider reported $0.55 earnings per share (EPS) for the quarter. Landmark Bancorp had a return on equity of 11.49% and a net margin of 14.37%. The firm had revenue of $14.28 million during the quarter.

Landmark Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This is a positive change from Landmark Bancorp’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 4.39%. Landmark Bancorp’s dividend payout ratio (DPR) is currently 40.78%.

Insider Activity

In other Landmark Bancorp news, Director Richard Ball bought 2,788 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was purchased at an average cost of $19.49 per share, with a total value of $54,338.12. Following the transaction, the director now directly owns 5,935 shares in the company, valued at approximately $115,673.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders acquired a total of 5,840 shares of company stock valued at $110,663 in the last ninety days. 17.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in shares of Landmark Bancorp by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 253,242 shares of the financial services provider’s stock worth $5,521,000 after acquiring an additional 2,024 shares during the period. Dimensional Fund Advisors LP boosted its stake in Landmark Bancorp by 5.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 175,933 shares of the financial services provider’s stock worth $3,981,000 after purchasing an additional 9,070 shares during the period. Vanguard Group Inc. boosted its stake in Landmark Bancorp by 12.9% in the 3rd quarter. Vanguard Group Inc. now owns 157,442 shares of the financial services provider’s stock worth $4,025,000 after purchasing an additional 18,000 shares during the period. Royce & Associates LP boosted its stake in Landmark Bancorp by 1.0% in the 1st quarter. Royce & Associates LP now owns 52,668 shares of the financial services provider’s stock worth $1,088,000 after purchasing an additional 497 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Landmark Bancorp by 10.4% in the 2nd quarter. Geode Capital Management LLC now owns 30,314 shares of the financial services provider’s stock worth $661,000 after purchasing an additional 2,854 shares during the period. Institutional investors own 17.35% of the company’s stock.

About Landmark Bancorp

(Get Free Report)

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, including automobile, boat, and home improvement and home equity loans, as well as insurance, and mobile and online banking services.

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