StockNews.com Begins Coverage on Landmark Bancorp (NASDAQ:LARK)

StockNews.com assumed coverage on shares of Landmark Bancorp (NASDAQ:LARK - Free Report) in a report released on Wednesday morning. The firm issued a hold rating on the financial services provider's stock.

Landmark Bancorp Trading Up 0.4 %

Shares of Landmark Bancorp stock traded up $0.09 during trading hours on Wednesday, reaching $24.15. The stock had a trading volume of 7,372 shares, compared to its average volume of 8,007. The firm has a 50 day simple moving average of $24.25 and a two-hundred day simple moving average of $22.39. The firm has a market capitalization of $139.49 million, a price-to-earnings ratio of 10.66 and a beta of 0.46. 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 1 year low of $17.05 and a 1 year high of $26.75.

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

Landmark Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, February 19th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.48%. This is a positive change from Landmark Bancorp's previous quarterly dividend of $0.20. Landmark Bancorp's dividend payout ratio (DPR) is 37.00%.

Insider Activity

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

Institutional Trading of Landmark Bancorp

Several hedge funds have recently made changes to their positions in LARK. The Manufacturers Life Insurance Company raised its stake in Landmark Bancorp by 22.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 237,876 shares of the financial services provider's stock valued at $5,711,000 after acquiring an additional 43,401 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Landmark Bancorp by 4.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 180,280 shares of the financial services provider's stock valued at $4,329,000 after acquiring an additional 8,490 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its stake in Landmark Bancorp by 4.4% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 127,957 shares of the financial services provider's stock valued at $3,072,000 after acquiring an additional 5,353 shares in the last quarter. De Lisle Partners LLP raised its stake 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 acquiring an additional 29,637 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Landmark Bancorp by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 45,250 shares of the financial services provider's stock valued at $1,087,000 after acquiring an additional 2,058 shares in the last quarter. Institutional investors own 25.66% of the company's stock.

About Landmark Bancorp

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.