Landmark Bancorp (NASDAQ:LARK) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Landmark Bancorp (NASDAQ:LARK) in a research note issued to investors on Monday morning. The firm issued a hold rating on the financial services provider’s stock.

Landmark Bancorp Stock Performance

Shares of LARK opened at $20.23 on Monday. The firm has a market capitalization of $110.74 million, a P/E ratio of 9.54 and a beta of 0.44. 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 has a one year low of $15.70 and a one year high of $21.78. The business has a fifty day moving average of $19.81 and a 200 day moving average of $19.51.

Landmark Bancorp (NASDAQ:LARK) last released its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.55 earnings per share (EPS) 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 $14.69 million during the quarter.

Landmark Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st will be given a $0.21 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $0.84 annualized dividend and a yield of 4.15%. Landmark Bancorp’s payout ratio is presently 39.62%.

Institutional Investors Weigh In On Landmark Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CGN Advisors LLC bought a new stake in Landmark Bancorp during the 2nd quarter valued at approximately $202,000. Empowered Funds LLC raised its position in shares of Landmark Bancorp by 7.8% during the 1st quarter. Empowered Funds LLC now owns 12,043 shares of the financial services provider’s stock valued at $232,000 after buying an additional 875 shares in the last quarter. Finally, Private Advisor Group LLC bought a new stake in shares of Landmark Bancorp in the 4th quarter valued at approximately $240,000. 25.66% of the stock is owned by hedge funds and other institutional investors.

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.