Landmark Bancorp (NASDAQ:LARK) Coverage Initiated at StockNews.com

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

Landmark Bancorp Trading Down 1.8 %

Shares of Landmark Bancorp stock opened at $20.19 on Friday. The company’s 50-day moving average price is $20.21 and its 200-day moving average price is $19.61. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.19. Landmark Bancorp has a 12-month low of $15.70 and a 12-month high of $21.78. The company has a market cap of $110.52 million, a price-to-earnings ratio of 9.52 and a beta of 0.44.

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

Landmark Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend was Wednesday, August 21st. Landmark Bancorp’s payout ratio is 39.62%.

Institutional Trading of Landmark Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new position in shares of Landmark Bancorp in the 2nd quarter worth $338,000. CGN Advisors LLC bought a new position in Landmark Bancorp in the second quarter valued at $202,000. Finally, Empowered Funds LLC raised its position in Landmark Bancorp by 7.8% during the first quarter. Empowered Funds LLC now owns 12,043 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 875 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.