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

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

Landmark Bancorp Stock Performance

NASDAQ:LARK traded down $1.23 during trading hours on Tuesday, reaching $24.11. 19,528 shares of the stock were exchanged, compared to its average volume of 7,686. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.81. The firm has a 50 day simple moving average of $24.27 and a 200-day simple moving average of $22.22. Landmark Bancorp has a 52 week low of $17.05 and a 52 week high of $26.75. The stock has a market capitalization of $139.36 million, a P/E ratio of 10.64 and a beta of 0.46.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) last released its earnings results on Tuesday, February 4th. The financial services provider reported $0.71 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Wednesday, February 19th. This is an increase from Landmark Bancorp's previous quarterly dividend of $0.20. Landmark Bancorp's dividend payout ratio (DPR) is currently 37.08%.

Insider Buying and Selling

In related 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 value of $78,385.07. Following the sale, the director now owns 131,269 shares of the company's stock, valued at approximately $3,322,418.39. This trade represents a 2.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Patrick L. Alexander sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $24.53, for a total value of $490,600.00. Following the completion of the sale, the director now directly owns 80,285 shares in the company, 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. Company 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. CGN Advisors LLC increased its position in Landmark Bancorp by 5.0% in the 4th quarter. CGN Advisors LLC now owns 11,045 shares of the financial services provider's stock valued at $265,000 after acquiring an additional 526 shares during the period. Private Advisor Group LLC increased its position in Landmark Bancorp by 5.0% in the 4th quarter. Private Advisor Group LLC now owns 13,969 shares of the financial services provider's stock valued at $335,000 after acquiring an additional 660 shares during the period. Empowered Funds LLC increased its position in Landmark Bancorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 13,613 shares of the financial services provider's stock valued at $275,000 after acquiring an additional 670 shares during the period. OneDigital Investment Advisors LLC increased its position in Landmark Bancorp by 5.0% in the 4th quarter. OneDigital Investment Advisors LLC now owns 14,053 shares of the financial services provider's stock valued at $337,000 after acquiring an additional 671 shares during the period. Finally, RBF Capital LLC increased its position in Landmark Bancorp by 4.5% in the 4th quarter. RBF Capital LLC now owns 23,892 shares of the financial services provider's stock valued at $574,000 after acquiring an additional 1,021 shares during the period. Institutional investors own 25.66% of the company's 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.