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

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

Landmark Bancorp Stock Performance

Shares of Landmark Bancorp stock opened at $19.31 on Monday. The stock has a market cap of $105.70 million, a P/E ratio of 9.11 and a beta of 0.44. The stock’s 50 day simple moving average is $19.20 and its 200-day simple moving average is $19.56. Landmark Bancorp has a 1-year low of $15.70 and a 1-year high of $21.78. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.76 and a quick ratio of 0.75.

Landmark Bancorp (NASDAQ:LARK) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $0.51 earnings per share for the quarter. Landmark Bancorp had a return on equity of 9.70% and a net margin of 14.39%. The business had revenue of $21.15 million for the quarter.

Landmark Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Wednesday, May 15th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date was Tuesday, May 14th. Landmark Bancorp’s dividend payout ratio is presently 39.62%.

Insider Activity at Landmark Bancorp

In other news, Director Angela S. Hurt purchased 4,232 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were bought at an average cost of $19.25 per share, for a total transaction of $81,466.00. Following the completion of the purchase, the director now directly owns 4,727 shares of the company’s stock, valued at $90,994.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have acquired 4,882 shares of company stock worth $93,804. Insiders own 17.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC raised its stake in shares of Landmark Bancorp by 7.8% in the first quarter. Empowered Funds LLC now owns 12,043 shares of the financial services provider’s stock valued at $232,000 after acquiring an additional 875 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its stake in shares of Landmark Bancorp by 5.1% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 120,748 shares of the financial services provider’s stock valued at $2,390,000 after acquiring an additional 5,871 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new stake in shares of Landmark Bancorp in the fourth quarter valued at $240,000. 25.66% of the stock is currently owned by institutional investors and hedge funds.

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.