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

StockNews.com initiated coverage on shares of Landmark Bancorp (NASDAQ:LARK) in a research report report published on Monday. The brokerage issued a hold rating on the financial services provider’s stock.

Separately, TheStreet downgraded shares of Landmark Bancorp from a b- rating to a c+ rating in a research report on Monday, October 16th.

Landmark Bancorp Trading Up 1.3 %

Landmark Bancorp stock opened at $19.25 on Monday. Landmark Bancorp has a 52-week low of $16.49 and a 52-week high of $25.65. The firm has a market capitalization of $100.51 million, a price-to-earnings ratio of 9.35 and a beta of 0.34. The firm has a 50-day moving average price of $18.05 and a two-hundred day moving average price of $19.83. The company has a quick ratio of 0.72, a current ratio of 0.73 and a debt-to-equity ratio of 0.95.

Landmark Bancorp (NASDAQ:LARK) last released its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.55 EPS for the quarter. Landmark Bancorp had a net margin of 14.37% and a return on equity of 11.49%. The company had revenue of $14.28 million for the quarter.

Landmark Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th will be issued a $0.21 dividend. This is an increase from Landmark Bancorp’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date of this dividend is Tuesday, November 14th. Landmark Bancorp’s payout ratio is presently 40.78%.

Institutional Trading of Landmark Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royce & Associates LP raised its holdings in shares of Landmark Bancorp by 1.0% in the 1st quarter. Royce & Associates LP now owns 52,668 shares of the financial services provider’s stock worth $1,088,000 after purchasing an additional 497 shares in the last quarter. Susquehanna Fundamental Investments LLC raised its holdings in shares of Landmark Bancorp by 5.0% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 11,340 shares of the financial services provider’s stock valued at $257,000 after acquiring an additional 540 shares during the period. UBS Group AG boosted its stake in Landmark Bancorp by 17.1% in the 2nd quarter. UBS Group AG now owns 4,444 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 648 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Landmark Bancorp by 3.4% in the first quarter. Geode Capital Management LLC now owns 27,460 shares of the financial services provider’s stock valued at $567,000 after purchasing an additional 905 shares in the last quarter. Finally, First Manhattan Co. boosted its position in shares of Landmark Bancorp by 5.0% in the fourth quarter. First Manhattan Co. now owns 19,609 shares of the financial services provider’s stock worth $444,000 after buying an additional 933 shares during the period. 17.35% of the stock is currently owned by institutional investors.

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, including automobile, boat, and home improvement and home equity loans, as well as insurance, and mobile and online banking services.