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

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

Landmark Bancorp Trading Down 4.3 %

Shares of NASDAQ:LARK opened at $23.35 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.80. The stock has a market capitalization of $134.96 million, a price-to-earnings ratio of 10.85 and a beta of 0.46. Landmark Bancorp has a 1-year low of $17.05 and a 1-year high of $25.25. The company has a 50 day moving average price of $24.04 and a 200 day moving average price of $21.77.

Institutional Investors Weigh In On Landmark Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. De Lisle Partners LLP increased its stake in Landmark Bancorp by 78.1% in the 3rd quarter. De Lisle Partners LLP now owns 67,595 shares of the financial services provider’s stock worth $1,369,000 after purchasing an additional 29,637 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Landmark Bancorp in the second quarter worth about $338,000. Kornitzer Capital Management Inc. KS boosted its holdings in shares of Landmark Bancorp by 4.4% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 127,957 shares of the financial services provider’s stock worth $3,072,000 after buying an additional 5,353 shares during the period. Empowered Funds LLC increased its position in shares of Landmark Bancorp by 6.9% in the fourth quarter. Empowered Funds LLC now owns 14,556 shares of the financial services provider’s stock worth $349,000 after acquiring an additional 943 shares in the last quarter. Finally, CGN Advisors LLC raised its holdings in shares of Landmark Bancorp by 5.0% during the fourth quarter. CGN Advisors LLC now owns 11,045 shares of the financial services provider’s stock valued at $265,000 after acquiring an additional 526 shares during the period. 25.66% of the stock is owned by institutional investors and hedge funds.

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.