Landmark Bancorp (NASDAQ:LARK) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Landmark Bancorp (NASDAQ:LARK) from a hold rating to a buy rating in a research report released on Tuesday.

Landmark Bancorp Stock Up 0.9%

NASDAQ:LARK opened at $29.86 on Tuesday. The stock has a 50-day simple moving average of $28.00 and a 200 day simple moving average of $25.27. Landmark Bancorp has a 52-week low of $17.53 and a 52-week high of $31.04. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.80. The company has a market cap of $172.56 million, a PE ratio of 13.18 and a beta of 0.28.

Landmark Bancorp (NASDAQ:LARK) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.81 EPS for the quarter. Landmark Bancorp had a return on equity of 10.51% and a net margin of 14.51%. The firm had revenue of $16.48 million during the quarter.

Landmark Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be given a $0.21 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.81%. Landmark Bancorp’s payout ratio is 32.43%.

Insider Activity

In other news, Director Michael E. Scheopner sold 41,058 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $30.01, for a total value of $1,232,150.58. Following the completion of the sale, the director now directly owns 80,316 shares of the company’s stock, valued at $2,410,283.16. This trade represents a 33.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 44,058 shares of company stock valued at $1,321,347 over the last three months. Insiders own 17.20% of the company’s stock.

Institutional Trading of Landmark Bancorp

A number of hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp lifted its holdings in Landmark Bancorp by 341.5% during the 1st 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 last quarter. Goldman Sachs Group Inc. acquired a new stake in Landmark Bancorp during the 1st quarter worth approximately $213,000. Jane Street Group LLC acquired a new stake in Landmark Bancorp during the 1st quarter worth approximately $308,000. Private Advisor Group LLC lifted its holdings in Landmark Bancorp by 5.0% during the 4th quarter. Private Advisor Group LLC now owns 13,969 shares of the financial services provider’s stock worth $335,000 after purchasing an additional 660 shares during the last quarter. Finally, OneDigital Investment Advisors LLC lifted its holdings in Landmark Bancorp by 5.0% during the 4th quarter. OneDigital Investment Advisors LLC now owns 14,053 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 671 shares during the last quarter. 25.66% of the stock is owned by institutional investors and hedge funds.

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.