Landmark Bancorp, Inc. (NASDAQ:LARK) Short Interest Update

Landmark Bancorp, Inc. (NASDAQ:LARK) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 74,800 shares, a growth of 61.6% from the February 28th total of 46,300 shares. Based on an average daily volume of 12,100 shares, the days-to-cover ratio is currently 6.2 days. Currently, 1.8% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Landmark Bancorp in a research report on Saturday, March 22nd. They issued a “hold” rating on the stock.

Landmark Bancorp Trading Up 0.2 %

Shares of NASDAQ LARK traded up $0.07 during trading on Monday, hitting $27.18. 8,934 shares of the company traded hands, compared to its average volume of 6,018. The firm has a market capitalization of $156.96 million, a P/E ratio of 12.00 and a beta of 0.43. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average price of $24.80 and a 200-day moving average price of $23.12. Landmark Bancorp has a 1 year low of $17.05 and a 1 year high of $28.55.

Landmark Bancorp (NASDAQ:LARK) last posted 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 19th were issued a $0.21 dividend. This is a positive change from Landmark Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.84 annualized dividend and a yield of 3.09%. Landmark Bancorp’s dividend payout ratio (DPR) is presently 37.00%.

Insider Activity at Landmark Bancorp

In other Landmark Bancorp news, Director Patrick L. Alexander sold 20,000 shares of the business’s stock in a transaction on Monday, February 10th. The stock was 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 directly owns 80,285 shares in the company, valued at approximately $1,969,391.05. The trade was a 19.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael E. Scheopner sold 3,097 shares of the firm’s 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 sale, 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 disclosure for this sale can be found here. 17.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LARK. The Manufacturers Life Insurance Company raised its stake in shares of Landmark Bancorp by 22.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 237,876 shares of the financial services provider’s stock valued at $5,711,000 after acquiring an additional 43,401 shares during the period. Fourthstone LLC acquired a new stake in Landmark Bancorp in the 4th quarter valued at $466,000. Dimensional Fund Advisors LP raised its position in Landmark Bancorp by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 180,280 shares of the financial services provider’s stock valued at $4,329,000 after purchasing an additional 8,490 shares during the period. Northern Trust Corp lifted its stake in shares of Landmark Bancorp by 35.0% during the fourth quarter. Northern Trust Corp now owns 21,017 shares of the financial services provider’s stock worth $505,000 after purchasing an additional 5,447 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS lifted its stake in shares of Landmark Bancorp by 4.4% during 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 purchasing an additional 5,353 shares in the last quarter. 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.