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

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

Landmark Bancorp Price Performance

Shares of NASDAQ:LARK opened at $19.31 on Monday. The company has a market capitalization of $105.70 million, a PE ratio of 9.11 and a beta of 0.44. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.76 and a quick ratio of 0.75. The business has a fifty day moving average price of $19.20 and a two-hundred day moving average price of $19.56. Landmark Bancorp has a 1 year low of $15.70 and a 1 year high of $21.78.

Landmark Bancorp (NASDAQ:LARK) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.51 earnings per share (EPS) for the quarter. The firm had revenue of $21.15 million during the quarter. Landmark Bancorp had a return on equity of 9.70% and a net margin of 14.39%.

Landmark Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Wednesday, May 15th were issued a dividend of $0.21 per share. The ex-dividend date was Tuesday, May 14th. This represents a $0.84 dividend on an annualized basis and a yield of 4.35%. Landmark Bancorp’s dividend payout ratio (DPR) is 39.62%.

Insider Buying and Selling

In related news, Director Angela S. Hurt acquired 4,232 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were acquired at an average price of $19.25 per share, with a total value of $81,466.00. Following the acquisition, the director now owns 4,727 shares of the company’s stock, valued at approximately $90,994.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have purchased 4,882 shares of company stock valued at $93,804. Corporate insiders own 17.20% of the company’s stock.

Institutional Trading of Landmark Bancorp

Several institutional investors and hedge funds have recently modified their holdings of LARK. Empowered Funds LLC raised its holdings in shares of 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 buying an additional 875 shares in the last quarter. Private Advisor Group LLC purchased a new position in shares of Landmark Bancorp during the 4th quarter valued at about $240,000. Finally, Kornitzer Capital Management Inc. KS raised its holdings in shares of Landmark Bancorp by 5.1% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 120,748 shares of the financial services provider’s stock valued at $2,390,000 after buying an additional 5,871 shares in the last quarter. Hedge funds and other 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.