StockNews.com Initiates Coverage on Landmark Bancorp (NASDAQ:LARK)

StockNews.com began coverage on shares of Landmark Bancorp (NASDAQ:LARK) in a research note published on Friday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Landmark Bancorp Stock Performance

NASDAQ:LARK opened at $23.17 on Friday. The stock has a 50-day moving average price of $20.86 and a 200 day moving average price of $20.13. 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 $17.90 and a 12-month high of $23.20. The stock has a market capitalization of $127.44 million, a P/E ratio of 10.25 and a beta of 0.43.

Landmark Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Wednesday, November 13th. Landmark Bancorp’s dividend payout ratio (DPR) is presently 37.17%.

Hedge Funds Weigh In On Landmark Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. De Lisle Partners LLP increased its holdings in Landmark Bancorp by 78.1% in the 3rd quarter. De Lisle Partners LLP now owns 67,595 shares of the financial services provider’s stock valued at $1,369,000 after acquiring an additional 29,637 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Landmark Bancorp during the second quarter valued at about $338,000. Empowered Funds LLC grew its position in shares of Landmark Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 13,613 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 670 shares in the last quarter. Finally, CGN Advisors LLC bought a new stake in shares of Landmark Bancorp in the second quarter worth about $202,000. Institutional investors own 25.66% of the company’s stock.

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.