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

Investment analysts at StockNews.com initiated coverage on shares of Landmark Bancorp (NASDAQ:LARK) in a note issued to investors on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.

Landmark Bancorp Price Performance

NASDAQ LARK opened at $24.93 on Monday. Landmark Bancorp has a 12 month low of $17.05 and a 12 month high of $25.25. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.80 and a quick ratio of 0.79. The company’s 50 day simple moving average is $24.07 and its 200 day simple moving average is $21.98. The firm has a market capitalization of $144.10 million, a PE ratio of 11.01 and a beta of 0.46.

Landmark Bancorp (NASDAQ:LARK) last issued its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $0.71 EPS for the quarter. Landmark Bancorp had a net margin of 14.51% and a return on equity of 10.51%.

Insiders Place Their Bets

In other news, Director Patrick L. Alexander sold 20,000 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $24.53, for a total value of $490,600.00. Following the completion of the sale, the director now owns 80,285 shares of the company’s stock, valued at $1,969,391.05. This trade represents a 19.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 17.20% of the company’s stock.

Hedge Funds Weigh In On Landmark Bancorp

Several institutional investors and hedge funds have recently modified their holdings of LARK. Sanctuary Advisors LLC bought a new position in shares of Landmark Bancorp during the 2nd quarter valued at $338,000. Empowered Funds LLC raised its position in shares of Landmark Bancorp by 5.2% in the third quarter. Empowered Funds LLC now owns 13,613 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 670 shares during the period. De Lisle Partners LLP lifted its stake in shares of Landmark Bancorp by 78.1% in the third quarter. De Lisle Partners LLP now owns 67,595 shares of the financial services provider’s stock worth $1,369,000 after buying an additional 29,637 shares during the last quarter. CGN Advisors LLC grew its stake in Landmark Bancorp by 5.0% in the 4th quarter. CGN Advisors LLC now owns 11,045 shares of the financial services provider’s stock valued at $265,000 after buying an additional 526 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS lifted its position in Landmark Bancorp by 4.4% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 127,957 shares of the financial services provider’s stock worth $3,072,000 after acquiring an additional 5,353 shares during the last quarter. 25.66% of the stock is currently owned by hedge funds and other institutional investors.

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.