Landmark Bancorp (NASDAQ:LARK) Coverage Initiated by Analysts at StockNews.com

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

Separately, TheStreet upgraded shares of Landmark Bancorp from a c rating to a b rating in a research note on Wednesday, January 31st.

Landmark Bancorp Stock Performance

LARK opened at $19.50 on Wednesday. The business’s 50 day moving average is $19.12 and its 200-day moving average is $19.52. The stock has a market cap of $106.74 million, a PE ratio of 9.20 and a beta of 0.44. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. Landmark Bancorp has a twelve month low of $15.70 and a twelve month high of $21.78.

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

Landmark Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Wednesday, May 15th will be paid a dividend of $0.21 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.31%. Landmark Bancorp’s dividend payout ratio is presently 39.62%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC grew its position in Landmark Bancorp by 7.8% in 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 last quarter. Private Advisor Group LLC acquired a new position in Landmark Bancorp in the fourth quarter worth approximately $240,000. Finally, Kornitzer Capital Management Inc. KS grew its position in 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 worth $2,390,000 after buying an additional 5,871 shares during the last quarter. Institutional investors and hedge funds own 25.66% of the company’s stock.

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.