Landmark Bancorp (NASDAQ:LARK) Upgraded 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 note published on Tuesday.

Landmark Bancorp Trading 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. The company has a market capitalization of $172.56 million, a PE ratio of 13.18 and a beta of 0.28. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.81. Landmark Bancorp has a 12 month low of $17.53 and a 12 month high of $31.04.

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

Landmark Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be issued a $0.21 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $0.84 annualized dividend and a dividend yield of 2.81%. Landmark Bancorp’s dividend payout ratio (DPR) is currently 32.43%.

Insiders Place Their Bets

In other Landmark Bancorp news, Director Michael E. Scheopner sold 1,024 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $29.51, for a total value of $30,218.24. Following the completion of the sale, the director now directly owns 92,284 shares in the company, valued at $2,723,300.84. This represents a 1.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 44,058 shares of company stock worth $1,321,347 over the last ninety days. 17.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Landmark Bancorp

Several large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its holdings in shares of Landmark Bancorp by 22.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 237,876 shares of the financial services provider’s stock worth $5,711,000 after acquiring an additional 43,401 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Landmark Bancorp by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 180,280 shares of the financial services provider’s stock worth $4,329,000 after acquiring an additional 8,490 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its holdings in shares of Landmark Bancorp by 4.4% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 127,957 shares of the financial services provider’s stock worth $3,072,000 after acquiring an additional 5,353 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Landmark Bancorp by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 45,250 shares of the financial services provider’s stock worth $1,087,000 after acquiring an additional 2,058 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in shares of Landmark Bancorp by 4.1% in the fourth quarter. Bridgeway Capital Management LLC now owns 42,771 shares of the financial services provider’s stock worth $1,027,000 after acquiring an additional 1,667 shares in the last quarter. 25.66% of the stock is currently owned by institutional investors.

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.