StockNews.com Initiates Coverage on Landmark Bancorp (NASDAQ:LARK)

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

Landmark Bancorp Trading Up 3.0 %

NASDAQ LARK opened at $24.22 on Monday. The stock’s 50 day moving average is $22.08 and its 200 day moving average is $20.68. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $139.89 million, a PE ratio of 11.27 and a beta of 0.47. Landmark Bancorp has a twelve month low of $17.05 and a twelve month high of $25.25.

Landmark Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.21 per share. The ex-dividend date was Wednesday, November 13th. This represents a $0.84 annualized dividend and a dividend yield of 3.47%. Landmark Bancorp’s payout ratio is 37.21%.

Institutional Investors Weigh In On Landmark Bancorp

Several hedge funds have recently added to or reduced their stakes in LARK. Empowered Funds LLC grew its position in Landmark Bancorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 13,613 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 670 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Landmark Bancorp during the second quarter valued at approximately $338,000. Finally, De Lisle Partners LLP increased its position in shares of Landmark Bancorp by 78.1% during the third quarter. De Lisle Partners LLP now owns 67,595 shares of the financial services provider’s stock valued at $1,369,000 after acquiring an additional 29,637 shares in the last quarter. 25.66% of the stock is owned by 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.