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

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

Landmark Bancorp Stock Performance

LARK opened at $19.82 on Thursday. The company’s 50 day moving average is $20.09 and its 200 day moving average is $19.57. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.19. The company has a market cap of $108.49 million, a price-to-earnings ratio of 9.35 and a beta of 0.44. Landmark Bancorp has a 12-month low of $15.70 and a 12-month high of $21.78.

Landmark Bancorp (NASDAQ:LARK) last released 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 net margin of 13.59% and a return on equity of 9.20%. The business had revenue of $14.69 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LARK. Private Advisor Group LLC bought a new position in shares of Landmark Bancorp during the 4th quarter valued at approximately $240,000. Empowered Funds LLC lifted its holdings in Landmark Bancorp by 7.8% during the first quarter. Empowered Funds LLC now owns 12,043 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 875 shares in the last quarter. CGN Advisors LLC purchased a new position in Landmark Bancorp during the second quarter valued at approximately $202,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Landmark Bancorp in the second quarter worth approximately $338,000. Institutional investors own 25.66% of the company’s stock.

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.