Short Interest in Landmark Bancorp, Inc. (NASDAQ:LARK) Decreases By 14.5%

Landmark Bancorp, Inc. (NASDAQ:LARK) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 20,100 shares, a decline of 14.5% from the November 30th total of 23,500 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 3,900 shares, the days-to-cover ratio is presently 5.2 days.

Hedge Funds Weigh In On Landmark Bancorp

Large investors have recently modified their holdings of the stock. Empowered Funds LLC boosted its stake in Landmark Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 13,613 shares of the financial services provider’s stock worth $275,000 after buying an additional 670 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Landmark Bancorp in the 2nd quarter worth about $338,000. Finally, De Lisle Partners LLP boosted its stake in shares of Landmark Bancorp by 78.1% during the 3rd quarter. De Lisle Partners LLP now owns 67,595 shares of the financial services provider’s stock worth $1,369,000 after purchasing an additional 29,637 shares during the period. Institutional investors own 25.66% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Landmark Bancorp in a report on Tuesday, December 24th. They set a “hold” rating on the stock.

Landmark Bancorp Price Performance

Shares of NASDAQ:LARK traded up $0.04 on Tuesday, reaching $24.10. The company’s stock had a trading volume of 741 shares, compared to its average volume of 3,502. The company has a 50-day simple moving average of $22.88 and a 200 day simple moving average of $21.01. Landmark Bancorp has a 52-week low of $17.05 and a 52-week high of $25.25. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.80. The company has a market cap of $139.20 million, a P/E ratio of 11.20 and a beta of 0.47.

Landmark Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend was Wednesday, November 13th. Landmark Bancorp’s dividend payout ratio (DPR) is 37.21%.

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.