Landmark Bancorp (NASDAQ:LARK) Rating Increased to Hold at Zacks Research

Landmark Bancorp (NASDAQ:LARKGet Free Report) was upgraded by equities researchers at Zacks Research to a “hold” rating in a report released on Tuesday,Zacks.com reports.

LARK has been the subject of a number of other research reports. Weiss Ratings upgraded shares of Landmark Bancorp from a “hold (c)” rating to a “buy (b)” rating in a research note on Wednesday, July 8th. Wall Street Zen raised shares of Landmark Bancorp from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Landmark Bancorp presently has a consensus rating of “Moderate Buy”.

View Our Latest Research Report on Landmark Bancorp

Landmark Bancorp Stock Performance

Shares of LARK opened at $31.63 on Tuesday. The stock has a 50-day simple moving average of $30.25 and a 200-day simple moving average of $28.03. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $192.94 million, a PE ratio of 9.62 and a beta of 0.39. Landmark Bancorp has a 1 year low of $23.19 and a 1 year high of $32.39.

Landmark Bancorp (NASDAQ:LARKGet Free Report) last released its earnings results on Wednesday, July 29th. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.05. Landmark Bancorp had a net margin of 20.56% and a return on equity of 12.63%. The firm had revenue of $19.18 million for the quarter, compared to analyst estimates of $0.06 million. On average, analysts predict that Landmark Bancorp will post 3.47 earnings per share for the current fiscal year.

Insider Activity at Landmark Bancorp

In other news, Director Jim Lewis sold 900 shares of the firm’s 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 transaction, the director directly owned 153,196 shares in the company, valued at approximately $4,516,218.08. This trade represents a 0.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Patrick L. Alexander sold 3,300 shares of the 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 of the company’s stock, valued at approximately $19,957. This represents a 82.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 7,672 shares of company stock valued at $219,563 over the last three months. Corporate insiders own 9.80% of the company’s stock.

Institutional Trading of Landmark Bancorp

Several hedge funds have recently made changes to their positions in LARK. BNP Paribas Financial Markets lifted its position in Landmark Bancorp by 55.1% in the third quarter. BNP Paribas Financial Markets now owns 1,103 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 392 shares during the period. Jones Financial Companies Lllp boosted its position 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 in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Landmark Bancorp by 8,612.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,178 shares of the financial services provider’s stock worth $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 about $66,000. Finally, New York State Common Retirement Fund acquired a new stake in Landmark Bancorp during the 2nd quarter valued at $108,000. Institutional investors and hedge funds own 25.66% of the company’s stock.

Landmark Bancorp Company Profile

(Get Free Report)

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.

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