Landmark Bancorp (NASDAQ:LARK) Stock Rating Cut to "Hold" at Wall Street Zen

Landmark Bancorp (NASDAQ:LARK - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other equities analysts have also weighed in on the company. Weiss Ratings raised Landmark Bancorp from a "buy (b)" rating to a "buy (a-)" rating in a research note on Friday, October 16th. Zacks Research upgraded Landmark Bancorp to a "hold" rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy".

Landmark Bancorp Trading Up 0.1%

LARK opened at $32.26 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.89 and a quick ratio of 0.86. The company's 50 day simple moving average is $31.90 and its two-hundred day simple moving average is $29.48. Landmark Bancorp has a 1-year low of $23.57 and a 1-year high of $34.60. The firm has a market capitalization of $196.79 million, a price-to-earnings ratio of 9.57 and a beta of 0.39.

Landmark Bancorp shares are set to split before the market opens on Wednesday, December 2nd. The 1.05-1 split was recently announced. The newly minted shares will be payable to shareholders after the market closes on Tuesday, December 1st.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.89. Landmark Bancorp had a return on equity of 12.73% and a net margin of 21.19%. The business had revenue of $19.24 million during the quarter, compared to analyst estimates of $19.10 million. Analysts expect that Landmark Bancorp will post 3.46 EPS for the current fiscal year.

Insider Buying and Selling

In other Landmark Bancorp news, Director Patrick Alexander sold 3,018 shares of the business's stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $32.50, for a total value of $98,085.00. Following the transaction, the director directly owned 67,443 shares in the company, valued at $2,191,897.50. The trade was a 4.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 5,959 shares of company stock worth $193,630 over the last quarter. 9.80% of the stock is owned by insiders.

Institutional Trading of Landmark Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Empowered Funds LLC raised its position in shares of Landmark Bancorp by 36.1% during the 3rd quarter. Empowered Funds LLC now owns 34,238 shares of the financial services provider's stock valued at $1,061,000 after buying an additional 9,084 shares during the period. Royce & Associates LP grew its position in Landmark Bancorp by 5.6% in the third quarter. Royce & Associates LP now owns 49,861 shares of the financial services provider's stock worth $1,545,000 after acquiring an additional 2,624 shares during the period. Hsbc Holdings PLC acquired a new stake in Landmark Bancorp during the second quarter worth $225,000. The Manufacturers Life Insurance Company acquired a new stake in Landmark Bancorp during the second quarter worth $9,178,000. Finally, Sanctuary Advisors LLC acquired a new stake in Landmark Bancorp during the second quarter worth $362,000. Institutional investors and hedge funds own 25.66% of the company's stock.

Landmark Bancorp Company Profile

Landmark Bancorp, Inc. is a bank holding company based in Manhattan, Kansas, whose subsidiary, Landmark National Bank, provides community banking services to individuals and businesses. The bank offers deposit accounts and lending services, including commercial, residential mortgage, consumer and agricultural loans. It also provides banking access through digital channels and a network of locations in Kansas. Landmark Bancorp focuses on serving Kansas communities with local banking and financial services.

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