Landmark Bancorp (NASDAQ:LARK) Earns Hold Rating from Analysts at StockNews.com

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

Landmark Bancorp Stock Down 0.2 %

NASDAQ:LARK opened at $23.96 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.81. Landmark Bancorp has a 12-month low of $17.05 and a 12-month high of $25.25. The stock’s fifty day simple moving average is $21.77 and its 200-day simple moving average is $20.55. The firm has a market capitalization of $138.49 million, a P/E ratio of 11.13 and a beta of 0.47.

Landmark Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a $0.21 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.51%. Landmark Bancorp’s dividend payout ratio is 37.17%.

Hedge Funds Weigh In On Landmark Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the company. Empowered Funds LLC lifted its holdings in shares of Landmark Bancorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 13,613 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 670 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Landmark Bancorp in the second quarter valued at approximately $338,000. Finally, De Lisle Partners LLP boosted its holdings in shares of Landmark Bancorp by 78.1% in the third quarter. De Lisle Partners LLP now owns 67,595 shares of the financial services provider’s stock valued at $1,369,000 after buying an additional 29,637 shares during the period. 25.66% of the stock is owned by institutional investors.

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.