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

StockNews.com began coverage on shares of Landmark Bancorp (NASDAQ:LARK) in a research note released on Thursday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Landmark Bancorp Trading Down 0.2 %

NASDAQ:LARK opened at $23.15 on Thursday. Landmark Bancorp has a 1 year low of $17.05 and a 1 year high of $26.75. The stock has a market cap of $133.71 million, a price-to-earnings ratio of 10.22 and a beta of 0.46. The business has a fifty day moving average of $24.18 and a 200-day moving average of $22.48. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.80.

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

Landmark Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 19th were paid a dividend of $0.21 per share. The ex-dividend date was Wednesday, February 19th. This represents a $0.84 annualized dividend and a yield of 3.63%. This is a boost from Landmark Bancorp’s previous quarterly dividend of $0.20. Landmark Bancorp’s dividend payout ratio (DPR) is currently 37.00%.

Insider Activity at Landmark Bancorp

In related news, Director Michael E. Scheopner sold 3,097 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $25.31, for a total value of $78,385.07. Following the completion of the transaction, the director now owns 131,269 shares in the company, valued at $3,322,418.39. This trade represents a 2.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Patrick L. Alexander sold 20,000 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $24.53, for a total value of $490,600.00. Following the completion of the transaction, the director now owns 80,285 shares of the company’s stock, valued at $1,969,391.05. This trade represents a 19.94 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 17.20% of the company’s stock.

Hedge Funds Weigh In On Landmark Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of LARK. CGN Advisors LLC boosted its position in shares of Landmark Bancorp by 5.0% in the 4th quarter. CGN Advisors LLC now owns 11,045 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 526 shares during the period. Empowered Funds LLC boosted its position in shares of Landmark Bancorp by 5.2% in 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 period. Private Advisor Group LLC boosted its position in shares of Landmark Bancorp by 5.0% in the 4th quarter. Private Advisor Group LLC now owns 13,969 shares of the financial services provider’s stock valued at $335,000 after purchasing an additional 660 shares during the period. OneDigital Investment Advisors LLC boosted its position in shares of Landmark Bancorp by 5.0% in the 4th quarter. OneDigital Investment Advisors LLC now owns 14,053 shares of the financial services provider’s stock valued at $337,000 after purchasing an additional 671 shares during the period. Finally, Fourthstone LLC acquired a new position in shares of Landmark Bancorp in the 4th quarter valued at $466,000. Institutional investors and hedge funds 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.