Landmark Bancorp, Inc. (NASDAQ:LARK - Get Free Report) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 54,100 shares, a decrease of 22.0% from the April 30th total of 69,400 shares. Based on an average daily trading volume, of 24,000 shares, the days-to-cover ratio is presently 2.3 days. Approximately 1.2% of the company's stock are short sold.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded shares of Landmark Bancorp from a "buy" rating to a "hold" rating in a research report on Wednesday, May 28th.
Check Out Our Latest Research Report on Landmark Bancorp
Insider Transactions at Landmark Bancorp
In related news, Director Michael E. Scheopner sold 916 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $29.80, for a total transaction of $27,296.80. Following the sale, the director now directly owns 90,308 shares of the company's stock, valued at approximately $2,691,178.40. This represents a 1.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 44,058 shares of company stock valued at $1,321,347 in the last three months. 12.80% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp grew its holdings in shares of Landmark Bancorp by 341.5% in the first quarter. Jones Financial Companies Lllp now owns 2,000 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 1,547 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Landmark Bancorp during the first quarter worth $213,000. Jane Street Group LLC bought a new stake in shares of Landmark Bancorp during the first quarter worth $308,000. Private Advisor Group LLC lifted its position in shares of Landmark Bancorp by 5.0% during the fourth 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 position in shares of Landmark Bancorp by 5.0% during the fourth 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 hedge funds and other institutional investors.
Landmark Bancorp Stock Performance
LARK traded down $1.17 during midday trading on Thursday, hitting $28.30. 13,751 shares of the company traded hands, compared to its average volume of 9,993. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $163.66 million, a PE ratio of 12.79 and a beta of 0.28. The company's 50-day moving average is $28.61 and its 200 day moving average is $25.82. Landmark Bancorp has a 52 week low of $17.53 and a 52 week high of $31.04.
Landmark Bancorp (NASDAQ:LARK - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.81 earnings per share for the quarter. Landmark Bancorp had a net margin of 14.51% and a return on equity of 10.51%. The firm had revenue of $16.48 million for the quarter.
Landmark Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Wednesday, May 21st. Landmark Bancorp's dividend payout ratio (DPR) is presently 32.43%.
About Landmark Bancorp
(
Get Free Report)
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.
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