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

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

Landmark Bancorp Stock Performance

Shares of LARK opened at $19.76 on Friday. The firm has a market cap of $108.17 million, a P/E ratio of 9.32 and a beta of 0.44. Landmark Bancorp has a twelve month low of $15.70 and a twelve month high of $21.78. The firm’s 50 day moving average price is $19.70 and its two-hundred day moving average price is $19.50. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 0.76.

Landmark Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st will be issued a $0.21 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.25%. Landmark Bancorp’s dividend payout ratio (DPR) is presently 39.62%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Kornitzer Capital Management Inc. KS grew its position in shares of Landmark Bancorp by 5.1% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 120,748 shares of the financial services provider’s stock valued at $2,390,000 after purchasing an additional 5,871 shares during the last quarter. Private Advisor Group LLC bought a new position in Landmark Bancorp in the 4th quarter valued at approximately $240,000. Empowered Funds LLC boosted 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 acquiring an additional 875 shares in the last quarter. Finally, CGN Advisors LLC bought a new stake in shares of Landmark Bancorp during the second quarter worth about $202,000. 25.66% of the stock is currently 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.