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

by · The Cerbat Gem

StockNews.com assumed coverage on shares of Landmark Bancorp (NASDAQ:LARK – Free Report) in a research report sent to investors on Thursday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Landmark Bancorp Price Performance

NASDAQ LARK opened at $23.00 on Thursday. The company has a 50-day moving average price of $23.40 and a 200-day moving average price of $21.23. Landmark Bancorp has a 52 week low of $17.05 and a 52 week high of $25.25. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $132.85 million, a P/E ratio of 10.69 and a beta of 0.46.

Landmark Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Wednesday, November 13th. Landmark Bancorp’s dividend payout ratio is presently 37.21%.

Hedge Funds Weigh In On Landmark Bancorp

A number of institutional investors have recently bought and sold shares of the stock. De Lisle Partners LLP increased its position in 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 in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Landmark Bancorp during the 2nd quarter valued at approximately $338,000. Finally, Empowered Funds LLC increased its holdings in Landmark Bancorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 13,613 shares of the financial services provider’s stock worth $275,000 after acquiring an additional 670 shares in the last quarter. 25.66% of the stock is owned by institutional investors.

Landmark Bancorp Company Profile

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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.

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