Landmark Bancorp (NASDAQ:LARK) Stock Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of Landmark Bancorp Inc. (NASDAQ:LARK) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $28.41 and traded as high as $31.75. Landmark Bancorp shares last traded at $30.71, with a volume of 7,955 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Landmark Bancorp in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Landmark Bancorp currently has a consensus rating of “Hold”.

Landmark Bancorp Price Performance

The stock’s 50 day simple moving average is $28.58 and its 200-day simple moving average is $27.34. The firm has a market cap of $189.95 million, a price-to-earnings ratio of 9.97 and a beta of 0.39. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.85 and a current ratio of 0.85.

Landmark Bancorp (NASDAQ:LARK) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.83 EPS for the quarter. Landmark Bancorp had a net margin of 19.67% and a return on equity of 12.22%. The business had revenue of $18.79 million during the quarter.

Landmark Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.7%. Landmark Bancorp’s dividend payout ratio is currently 26.92%.

Insider Activity

In other news, Director Patrick L. Alexander sold 3,300 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $28.51, for a total value of $94,083.00. Following the completion of the transaction, the director directly owned 700 shares in the company, valued at $19,957. This trade represents a 82.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jim Lewis sold 900 shares of Landmark Bancorp stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $29.48, for a total transaction of $26,532.00. Following the sale, the director owned 153,196 shares of the company’s stock, valued at approximately $4,516,218.08. The trade was a 0.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 7,672 shares of company stock valued at $219,563. Company insiders own 12.80% of the company’s stock.

Institutional Investors Weigh In On Landmark Bancorp

A number of institutional investors have recently modified their holdings of LARK. BNP Paribas Financial Markets raised its holdings in Landmark Bancorp by 55.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,103 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 392 shares during the period. Jones Financial Companies Lllp grew its holdings in Landmark Bancorp by 341.5% in the first quarter. Jones Financial Companies Lllp now owns 2,000 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 1,547 shares during the period. JPMorgan Chase & Co. increased its position in shares of Landmark Bancorp by 8,612.0% in the second quarter. JPMorgan Chase & Co. now owns 2,178 shares of the financial services provider’s stock valued at $58,000 after buying an additional 2,153 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Landmark Bancorp in the second quarter valued at approximately $66,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Landmark Bancorp during the 2nd quarter worth approximately $108,000. 25.66% of the stock is currently owned by institutional investors and hedge funds.

Landmark Bancorp Company Profile

Landmark Bancorp, Inc is the bank holding company for Landmark Community Bank, a community‐focused financial institution. The company provides a full range of deposit and lending products through its subsidiary, including checking and savings accounts, certificates of deposit, residential mortgages, home equity lines of credit and small business loans. Landmark Bancorp emphasizes personalized service, leveraging local decision-making to meet the unique needs of individuals and local enterprises.

In addition to traditional deposit and lending services, Landmark Bancorp offers comprehensive cash-management and treasury solutions for commercial clients.