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

StockNews.com initiated coverage on shares of Landmark Bancorp (NASDAQ:LARK) in a research note published on Monday. The brokerage issued a hold rating on the financial services provider’s stock.

Separately, TheStreet raised Landmark Bancorp from a c rating to a b rating in a report on Wednesday, January 31st.

Landmark Bancorp Stock Up 2.4 %

Shares of LARK opened at $19.43 on Monday. Landmark Bancorp has a 12-month low of $15.70 and a 12-month high of $21.78. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.68. The company’s 50-day moving average price is $19.24 and its 200 day moving average price is $19.37. The firm has a market cap of $106.36 million, a P/E ratio of 9.17 and a beta of 0.44.

Landmark Bancorp (NASDAQ:LARK) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.51 earnings per share (EPS) for the quarter. Landmark Bancorp had a net margin of 14.39% and a return on equity of 9.88%. The business had revenue of $21.15 million for the quarter.

Landmark Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Tuesday, May 14th. Landmark Bancorp’s dividend payout ratio is presently 39.62%.

Institutional Investors Weigh In On Landmark Bancorp

Institutional investors have recently added to or reduced their stakes in the business. Kornitzer Capital Management Inc. KS boosted its position in shares of Landmark Bancorp by 5.1% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 120,748 shares of the financial services provider’s stock worth $2,390,000 after purchasing an additional 5,871 shares in the last quarter. Private Advisor Group LLC purchased a new position in shares of Landmark Bancorp during the 4th quarter worth approximately $240,000. Finally, Empowered Funds LLC raised its holdings in shares of 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 acquiring an additional 875 shares during the last quarter. Hedge funds and other institutional investors 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.