Landmark Bancorp (NASDAQ:LARK) Lowered to “Sell” at ValuEngine

ValuEngine cut shares of Landmark Bancorp (NASDAQ:LARK) from a hold rating to a sell rating in a report issued on Monday morning, ValuEngine reports.

LARK opened at $19.69 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 0.23. The company has a market cap of $86.99 million, a price-to-earnings ratio of 8.49 and a beta of 0.52. The company’s 50 day moving average is $22.37 and its 200 day moving average is $23.60. Landmark Bancorp has a 12-month low of $14.95 and a 12-month high of $26.00.

Landmark Bancorp (NASDAQ:LARK) last released its earnings results on Tuesday, January 28th. The financial services provider reported $0.71 EPS for the quarter. The company had revenue of $12.03 million for the quarter. Landmark Bancorp had a net margin of 20.15% and a return on equity of 10.29%.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 19th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.80 annualized dividend and a dividend yield of 4.06%. This is a boost from Landmark Bancorp’s previous quarterly dividend of $0.19.

In other Landmark Bancorp news, Director Richard Ball purchased 2,783 shares of Landmark Bancorp stock in a transaction that occurred on Wednesday, March 18th. The shares were bought at an average price of $18.06 per share, for a total transaction of $50,260.98. Following the completion of the transaction, the director now owns 137,509 shares of the company’s stock, valued at approximately $2,483,412.54. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Patrick L. Alexander sold 6,231 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $25.21, for a total transaction of $157,083.51. The disclosure for this sale can be found here. In the last quarter, insiders have bought 3,043 shares of company stock worth $54,828 and have sold 11,042 shares worth $277,728. Company insiders own 18.10% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Kennedy Capital Management Inc. increased its position in Landmark Bancorp by 19.0% in the fourth quarter. Kennedy Capital Management Inc. now owns 226,610 shares of the financial services provider’s stock worth $5,677,000 after purchasing an additional 36,135 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its position in Landmark Bancorp by 8.8% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 100,002 shares of the financial services provider’s stock worth $2,505,000 after purchasing an additional 8,106 shares during the last quarter. Renaissance Technologies LLC increased its position in Landmark Bancorp by 14.0% in the fourth quarter. Renaissance Technologies LLC now owns 97,950 shares of the financial services provider’s stock worth $2,454,000 after purchasing an additional 12,057 shares during the last quarter. Fourthstone LLC bought a new stake in Landmark Bancorp in the fourth quarter worth $1,864,000. Finally, Koshinski Asset Management Inc. bought a new stake in Landmark Bancorp in the fourth quarter worth $1,725,000. Institutional investors own 22.91% of the company’s stock.

Landmark Bancorp Company Profile

Landmark Bancorp, Inc operates as the bank holding company for Landmark National Bank that provides various financial and banking services. The company offers checking, savings, and money market accounts, as well as certificates of deposit. It also provides various loan products, such as one-to-four family residential real estate, construction and land, commercial real estate, commercial, municipal, and agriculture loans, as well as consumer and other loans, including automobile, boat, home improvement, and home equity loans.

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