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

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

Landmark Bancorp Price Performance

LARK stock opened at $24.97 on Friday. The company has a market capitalization of $144.33 million, a P/E ratio of 11.60 and a beta of 0.46. Landmark Bancorp has a 52-week low of $17.05 and a 52-week high of $25.25. The business has a 50-day simple moving average of $23.91 and a two-hundred day simple moving average of $21.60. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.80.

Landmark Bancorp (NASDAQ:LARK) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter. Landmark Bancorp had a return on equity of 9.48% and a net margin of 14.36%. The business had revenue of $23.28 million during the quarter.

Landmark Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.84 dividend on an annualized basis and a yield of 3.36%. Landmark Bancorp’s dividend payout ratio is 37.17%.

Hedge Funds Weigh In On Landmark Bancorp

Several hedge funds have recently bought and sold shares of LARK. CGN Advisors LLC lifted its holdings in shares of Landmark Bancorp by 5.0% during the 4th quarter. CGN Advisors LLC now owns 11,045 shares of the financial services provider’s stock worth $265,000 after acquiring an additional 526 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Landmark Bancorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 13,613 shares of the financial services provider’s stock valued at $275,000 after acquiring an additional 670 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Landmark Bancorp in the second quarter valued at approximately $338,000. Finally, De Lisle Partners LLP boosted its position in 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 valued at $1,369,000 after buying an additional 29,637 shares during the period. 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.