Landmark Bancorp, Inc. (NASDAQ:LARK) Sees Significant Growth in Short Interest

Landmark Bancorp, Inc. (NASDAQ:LARK - Get Free Report) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 74,800 shares, a growth of 61.6% from the February 28th total of 46,300 shares. Based on an average daily volume of 12,100 shares, the short-interest ratio is presently 6.2 days. Approximately 1.8% of the company's shares are short sold.

Insiders Place Their Bets

In related news, Director Patrick L. Alexander sold 20,000 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $24.53, for a total transaction of $490,600.00. Following the completion of the transaction, the director now owns 80,285 shares in the company, valued at approximately $1,969,391.05. The trade was a 19.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael E. Scheopner sold 3,097 shares of the firm's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $25.31, for a total value of $78,385.07. Following the completion of the sale, the director now owns 131,269 shares in the company, valued at approximately $3,322,418.39. This represents a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 17.20% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LARK. CGN Advisors LLC raised its position in Landmark Bancorp by 5.0% in the fourth 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 in the last quarter. Private Advisor Group LLC lifted its stake in shares of Landmark Bancorp by 5.0% in the fourth quarter. Private Advisor Group LLC now owns 13,969 shares of the financial services provider's stock valued at $335,000 after purchasing an additional 660 shares during the period. OneDigital Investment Advisors LLC boosted its holdings in Landmark Bancorp by 5.0% during the fourth quarter. OneDigital Investment Advisors LLC now owns 14,053 shares of the financial services provider's stock worth $337,000 after buying an additional 671 shares in the last quarter. Empowered Funds LLC grew its position in Landmark Bancorp by 6.9% during the fourth quarter. Empowered Funds LLC now owns 14,556 shares of the financial services provider's stock worth $349,000 after buying an additional 943 shares during the period. Finally, Fourthstone LLC purchased a new position in Landmark Bancorp in the fourth quarter valued at about $466,000. 25.66% of the stock is owned by hedge funds and other institutional investors.

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Landmark Bancorp Stock Performance

Shares of NASDAQ LARK traded up $0.23 during trading hours on Wednesday, reaching $27.39. The stock had a trading volume of 16,560 shares, compared to its average volume of 6,192. The firm has a 50-day moving average of $24.92 and a 200-day moving average of $23.21. The firm has a market cap of $158.37 million, a price-to-earnings ratio of 12.09 and a beta of 0.43. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.81. Landmark Bancorp has a fifty-two week low of $17.05 and a fifty-two week high of $28.55.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $0.71 earnings per share for the quarter. Landmark Bancorp had a net margin of 14.51% and a return on equity of 10.51%.

Landmark Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Wednesday, February 19th. This is a boost from Landmark Bancorp's previous quarterly dividend of $0.20. Landmark Bancorp's dividend payout ratio (DPR) is 37.00%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Landmark Bancorp in a report on Saturday, March 22nd. They set a "hold" rating on the 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.