StockNews.com initiated coverage on shares of Landmark Bancorp (NASDAQ:LARK - Free Report) in a report released on Friday morning. The firm issued a hold rating on the financial services provider's stock.
Landmark Bancorp Trading Up 1.7 %
LARK stock traded up $0.38 during mid-day trading on Friday, reaching $23.17. 743 shares of the stock traded hands, compared to its average volume of 2,831. 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 has a one year low of $17.90 and a one year high of $23.20. The stock has a market capitalization of $127.44 million, a PE ratio of 10.08 and a beta of 0.43. The business has a 50-day moving average price of $20.80 and a two-hundred day moving average price of $20.08.
Landmark Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Wednesday, November 13th. Landmark Bancorp's payout ratio is presently 37.17%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in LARK. CGN Advisors LLC purchased a new stake in Landmark Bancorp in the second quarter worth about $202,000. Empowered Funds LLC lifted its stake in Landmark Bancorp by 5.2% in the third quarter. Empowered Funds LLC now owns 13,613 shares of the financial services provider's stock worth $275,000 after acquiring an additional 670 shares during the period. Sanctuary Advisors LLC purchased a new stake in Landmark Bancorp in the second quarter worth about $338,000. Finally, De Lisle Partners LLP lifted its stake in 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 worth $1,369,000 after acquiring an additional 29,637 shares during the period. 25.66% of the stock is currently owned by institutional investors.
About Landmark Bancorp
(
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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.
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