StockNews.com assumed coverage on shares of Landmark Bancorp (NASDAQ:LARK - Free Report) in a research report sent to investors on Friday morning. The firm issued a hold rating on the financial services provider's stock.
Landmark Bancorp Price Performance
LARK traded down $0.29 during trading hours on Friday, hitting $24.20. The company's stock had a trading volume of 3,847 shares, compared to its average volume of 4,798. The stock has a market cap of $139.88 million, a price-to-earnings ratio of 11.24 and a beta of 0.46. The business's 50-day moving average price is $23.63 and its 200-day moving average price is $21.38. 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 12 month low of $17.05 and a 12 month high of $25.25.
Landmark Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.21 per share. 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 3.47%. Landmark Bancorp's dividend payout ratio (DPR) is presently 37.17%.
Hedge Funds Weigh In On Landmark Bancorp
Institutional investors and hedge funds have recently modified their holdings of the stock. De Lisle Partners LLP boosted its stake in Landmark Bancorp by 78.1% during the third quarter. De Lisle Partners LLP now owns 67,595 shares of the financial services provider's stock worth $1,369,000 after buying an additional 29,637 shares during the period. Empowered Funds LLC lifted its holdings 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 worth $275,000 after acquiring an additional 670 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Landmark Bancorp during the 2nd quarter worth about $338,000. Finally, CGN Advisors LLC grew its holdings in Landmark Bancorp by 5.0% during the 4th quarter. CGN Advisors LLC now owns 11,045 shares of the financial services provider's stock valued at $265,000 after purchasing an additional 526 shares during the last quarter. Hedge funds and other institutional investors own 25.66% of the company's stock.
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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