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

StockNews.com started coverage on shares of Landmark Bancorp (NASDAQ:LARK) in a research report sent to investors on Wednesday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Landmark Bancorp Trading Down 3.2 %

NASDAQ LARK opened at $20.21 on Wednesday. The company’s fifty day simple moving average is $20.07 and its 200-day simple moving average is $19.57. Landmark Bancorp has a 52 week low of $15.70 and a 52 week high of $21.78. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.19. The stock has a market cap of $111.16 million, a P/E ratio of 9.52 and a beta of 0.44.

Landmark Bancorp (NASDAQ:LARK) last posted its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter. The firm had revenue of $14.69 million for the quarter. Landmark Bancorp had a net margin of 13.59% and a return on equity of 9.20%.

Landmark Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.84 annualized dividend and a yield of 4.16%. Landmark Bancorp’s payout ratio is 39.56%.

Institutional Trading of Landmark Bancorp

Several institutional investors have recently added to or reduced their stakes in LARK. CGN Advisors LLC bought a new position in shares of Landmark Bancorp during the second quarter worth about $202,000. Empowered Funds LLC grew its position in Landmark Bancorp by 7.8% in 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 bought a new position in Landmark Bancorp in the 4th quarter valued at about $240,000. Finally, Sanctuary Advisors LLC bought a new position in Landmark Bancorp in the 2nd quarter valued at about $338,000. Institutional investors own 25.66% of the company’s stock.

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.