Landmark Bancorp (NASDAQ:LARK) Shares Pass Below Two Hundred Day Moving Average of $22.43

Shares of Landmark Bancorp, Inc. (NASDAQ:LARK – Get Rating) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.43 and traded as low as $20.21. Landmark Bancorp shares last traded at $20.44, with a volume of 2,125 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LARK. TheStreet lowered shares of Landmark Bancorp from a “b” rating to a “c+” rating in a research note on Wednesday, February 1st. StockNews.com began coverage on shares of Landmark Bancorp in a report on Wednesday. They set a “buy” rating on the stock.

Landmark Bancorp Stock Performance

The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average is $20.64 and its two-hundred day moving average is $22.43. The company has a market capitalization of $106.62 million, a P/E ratio of 10.59 and a beta of 0.31.

Landmark Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Wednesday, May 17th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend is Tuesday, May 16th. Landmark Bancorp’s payout ratio is currently 43.52%.

Insider Buying and Selling at Landmark Bancorp

In other news, Director Richard Ball bought 2,255 shares of the business’s stock in a transaction dated Monday, March 13th. The shares were purchased at an average price of $21.98 per share, for a total transaction of $49,564.90. Following the completion of the acquisition, the director now owns 173,056 shares of the company’s stock, valued at $3,803,770.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have acquired 2,914 shares of company stock worth $63,830 over the last ninety days. Insiders own 17.10% of the company’s stock.

Hedge Funds Weigh In On Landmark Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in LARK. Vanguard Group Inc. lifted its position in Landmark Bancorp by 1.5% during the first quarter. Vanguard Group Inc. now owns 135,627 shares of the financial services provider’s stock valued at $3,571,000 after buying an additional 2,019 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Landmark Bancorp by 19.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 216,907 shares of the financial services provider’s stock valued at $5,711,000 after purchasing an additional 35,622 shares during the period. UBS Group AG grew its stake in shares of Landmark Bancorp by 17.1% during the 2nd quarter. UBS Group AG now owns 4,444 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 648 shares during the period. Align Wealth Management LLC bought a new stake in shares of Landmark Bancorp during the 4th quarter valued at about $95,000. Finally, Koshinski Asset Management Inc. grew its stake in shares of Landmark Bancorp by 5.0% during the 4th quarter. Koshinski Asset Management Inc. now owns 33,091 shares of the financial services provider’s stock valued at $749,000 after purchasing an additional 1,572 shares during the period. Hedge funds and other institutional investors own 20.36% of the company’s stock.

Landmark Bancorp Company Profile

(Get Rating)

Landmark Bancorp, Inc /Kansas/ is a holding company. The firm engages in the provision of financial and banking services. It offers checking accounts, savings and investments, loans, online and mobile, business checking and business services. The company was founded on April 22, 1885 and is headquartered in Manhattan, KS.