Short Interest in Landmark Bancorp, Inc. (NASDAQ:LARK) Declines By 6.0%

Landmark Bancorp, Inc. (NASDAQ:LARK) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 23,600 shares, a decline of 6.0% from the September 15th total of 25,100 shares. Based on an average daily volume of 2,300 shares, the days-to-cover ratio is presently 10.3 days. Currently, 0.6% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Landmark Bancorp in a research report on Sunday. They set a “hold” rating on the stock.

Landmark Bancorp Stock Performance

NASDAQ LARK opened at $20.00 on Thursday. The company has a market cap of $109.48 million, a P/E ratio of 9.43 and a beta of 0.44. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.80 and a current ratio of 0.80. The business’s 50 day moving average price is $20.23 and its 200-day moving average price is $19.69. Landmark Bancorp has a fifty-two week low of $15.70 and a fifty-two week high of $21.78.

Landmark Bancorp (NASDAQ:LARK) last posted its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.55 earnings per share (EPS) 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 during the quarter.

Landmark Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date was Wednesday, August 21st. Landmark Bancorp’s payout ratio is currently 39.62%.

Hedge Funds Weigh In On Landmark Bancorp

A number of large investors have recently bought and sold shares of LARK. Empowered Funds LLC boosted its holdings in Landmark Bancorp by 7.8% during the 1st quarter. Empowered Funds LLC now owns 12,043 shares of the financial services provider’s stock valued at $232,000 after acquiring an additional 875 shares during the period. CGN Advisors LLC purchased a new position in Landmark Bancorp during the 2nd quarter valued at $202,000. Finally, Sanctuary Advisors LLC purchased a new position in Landmark Bancorp during the 2nd quarter valued at $338,000. Hedge funds and other institutional investors own 25.66% of the company’s stock.

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.