Landmark Bancorp (NASDAQ:LARK) Now Covered by StockNews.com

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

Landmark Bancorp Stock Up 0.8 %

Shares of LARK stock opened at $25.13 on Monday. 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 firm’s 50-day moving average is $24.10 and its 200-day moving average is $22.00. The stock has a market cap of $145.25 million, a price-to-earnings ratio of 11.09 and a beta of 0.46. Landmark Bancorp has a 52-week low of $17.05 and a 52-week high of $26.75.

Landmark Bancorp (NASDAQ:LARK) last issued its earnings results on Tuesday, February 4th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter. Landmark Bancorp had a net margin of 14.51% and a return on equity of 10.51%.

Landmark Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th will be issued a $0.21 dividend. This is a boost from Landmark Bancorp’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 3.34%. The ex-dividend date is Wednesday, February 19th. Landmark Bancorp’s dividend payout ratio is currently 35.32%.

Insider Buying and Selling at Landmark Bancorp

In other Landmark Bancorp news, Director Patrick L. Alexander sold 20,000 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $24.53, for a total value of $490,600.00. Following the transaction, the director now directly owns 80,285 shares of the company’s stock, valued at $1,969,391.05. This represents a 19.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 17.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LARK. CGN Advisors LLC grew its position in shares of Landmark Bancorp by 5.0% during the 4th quarter. CGN Advisors LLC now owns 11,045 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 526 shares in the last quarter. Empowered Funds LLC grew its position in shares of Landmark Bancorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 13,613 shares of the financial services provider’s stock worth $275,000 after purchasing an additional 670 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Landmark Bancorp by 5.0% during the 4th quarter. Private Advisor Group LLC now owns 13,969 shares of the financial services provider’s stock worth $335,000 after purchasing an additional 660 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Landmark Bancorp during the 2nd quarter worth approximately $338,000. Finally, Geode Capital Management LLC grew its position in shares of Landmark Bancorp by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 45,250 shares of the financial services provider’s stock worth $1,087,000 after purchasing an additional 2,058 shares in the last quarter. 25.66% of the stock is owned by institutional investors.

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.