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

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

Landmark Bancorp Stock Performance

NASDAQ:LARK opened at $21.09 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market cap of $116.00 million, a price-to-earnings ratio of 9.33 and a beta of 0.44. The firm’s fifty day moving average price is $20.35 and its 200 day moving average price is $19.77. Landmark Bancorp has a 1-year low of $15.98 and a 1-year high of $21.78.

Landmark Bancorp (NASDAQ:LARK) last issued its earnings results on Monday, August 5th. The financial services provider reported $0.55 earnings per share for the quarter. The business had revenue of $14.69 million for the quarter. Landmark Bancorp had a net margin of 14.36% and a return on equity of 9.71%.

Landmark Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.98%. Landmark Bancorp’s dividend payout ratio (DPR) is presently 37.17%.

Institutional Investors Weigh In On Landmark Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of LARK. CGN Advisors LLC purchased a new position in shares of Landmark Bancorp in the 2nd quarter valued at about $202,000. Empowered Funds LLC grew its position in Landmark Bancorp by 7.8% during the first quarter. Empowered Funds LLC now owns 12,043 shares of the financial services provider’s stock worth $232,000 after buying an additional 875 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in Landmark Bancorp in the second quarter valued at about $338,000. Institutional investors and hedge funds own 25.66% of the company’s stock.

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.