Landmark Bancorp (NASDAQ:LARK) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Landmark Bancorp (NASDAQ:LARK) to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on LARK. Wall Street Zen raised shares of Landmark Bancorp from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Weiss Ratings raised Landmark Bancorp from a “hold (c)” rating to a “buy (b)” rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Landmark Bancorp Price Performance

LARK stock opened at $31.63 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $192.94 million, a P/E ratio of 9.62 and a beta of 0.39. The business’s 50-day moving average is $30.25 and its two-hundred day moving average is $28.03. Landmark Bancorp has a 1 year low of $23.19 and a 1 year high of $32.39.

Landmark Bancorp (NASDAQ:LARK) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.05. Landmark Bancorp had a return on equity of 12.63% and a net margin of 20.56%.The business had revenue of $19.18 million during the quarter, compared to the consensus estimate of $0.06 million. Analysts anticipate that Landmark Bancorp will post 3.47 earnings per share for the current fiscal year.

Landmark Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, August 13th. Landmark Bancorp’s dividend payout ratio (DPR) is presently 25.53%.

Insider Buying and Selling

In other Landmark Bancorp news, Director Jim Lewis sold 900 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $29.48, for a total value of $26,532.00. Following the completion of the sale, the director owned 153,196 shares of the company’s stock, valued at approximately $4,516,218.08. This trade represents a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patrick L. Alexander sold 3,300 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $28.51, for a total transaction of $94,083.00. Following the sale, the director owned 700 shares in the company, valued at $19,957. The trade was a 82.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 7,672 shares of company stock valued at $219,563. Company insiders own 9.80% of the company’s stock.

Institutional Trading of Landmark Bancorp

A number of institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its position in shares of Landmark Bancorp by 807.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,809 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 4,279 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Landmark Bancorp by 72.8% in the third quarter. JPMorgan Chase & Co. now owns 3,764 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 1,586 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Landmark Bancorp in the second quarter valued at approximately $66,000. New York State Common Retirement Fund acquired a new position in Landmark Bancorp during the second quarter worth approximately $108,000. Finally, Jones Financial Companies Lllp raised its stake in Landmark Bancorp by 341.5% during the first quarter. Jones Financial Companies Lllp now owns 2,000 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 1,547 shares during the period. Hedge funds and other institutional investors own 25.66% of the company’s stock.

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.