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

Landmark Bancorp logo with Finance background

StockNews.com began coverage on shares of Landmark Bancorp (NASDAQ:LARK - Free Report) in a report published on Friday. The brokerage issued a hold rating on the financial services provider's stock.

Landmark Bancorp Stock Performance

LARK traded up $0.36 on Friday, reaching $20.56. The stock had a trading volume of 1,123 shares, compared to its average volume of 3,114. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.19. Landmark Bancorp has a 12-month low of $15.70 and a 12-month high of $21.78. The business's 50-day moving average price is $20.18 and its two-hundred day moving average price is $19.59. The company has a market cap of $112.55 million, a P/E ratio of 9.70 and a beta of 0.44.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.55 EPS for the quarter. Landmark Bancorp had a return on equity of 9.20% and a net margin of 13.59%. The firm had revenue of $14.69 million for the quarter.

Landmark Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were issued a $0.21 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.09%. Landmark Bancorp's payout ratio is 39.62%.

Hedge Funds Weigh In On Landmark Bancorp

A number of large investors have recently made changes to their positions in the stock. CGN Advisors LLC purchased a new position in Landmark Bancorp in the second quarter valued at about $202,000. Empowered Funds LLC lifted its holdings in Landmark Bancorp by 7.8% in the first quarter. Empowered Funds LLC now owns 12,043 shares of the financial services provider's stock worth $232,000 after acquiring an additional 875 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Landmark Bancorp during the 2nd quarter worth $338,000. Hedge funds and other institutional investors own 25.66% of the company's stock.

About Landmark Bancorp

(Get Free Report)

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.

Further Reading

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