Landmark Bancorp (NASDAQ:LARK) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of Landmark Bancorp (NASDAQ:LARK - Free Report) from a buy rating to a hold rating in a report released on Wednesday morning.

Landmark Bancorp Trading Down 0.2%

Shares of LARK stock traded down $0.07 during trading hours on Wednesday, reaching $29.68. The company's stock had a trading volume of 11,275 shares, compared to its average volume of 9,890. The stock has a market capitalization of $171.64 million, a P/E ratio of 13.10 and a beta of 0.28. Landmark Bancorp has a one year low of $17.53 and a one year high of $31.04. The firm's fifty day simple moving average is $28.50 and its 200 day simple moving average is $25.72. 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 (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 return on equity of 10.51% and a net margin of 14.51%. The firm had revenue of $16.48 million for the quarter.

Landmark Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, May 21st. This represents a $0.84 annualized dividend and a dividend yield of 2.83%. Landmark Bancorp's dividend payout ratio is presently 32.43%.

Insider Activity at Landmark Bancorp

In other Landmark Bancorp news, Director Michael E. Scheopner sold 1,024 shares of Landmark Bancorp stock in a transaction on Monday, May 12th. The stock was sold at an average price of $29.51, for a total transaction of $30,218.24. Following the completion of the transaction, the director now owns 92,284 shares in the company, valued at approximately $2,723,300.84. The trade was a 1.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 44,058 shares of company stock worth $1,321,347 over the last ninety days. 12.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC raised its stake in Landmark Bancorp by 2.6% during the first quarter. Empowered Funds LLC now owns 14,933 shares of the financial services provider's stock valued at $407,000 after buying an additional 377 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of Landmark Bancorp by 3.4% in the first quarter. Private Advisor Group LLC now owns 14,449 shares of the financial services provider's stock worth $394,000 after purchasing an additional 480 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of Landmark Bancorp by 5.0% in 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. RBF Capital LLC raised its stake in shares of Landmark Bancorp by 4.5% in the fourth quarter. RBF Capital LLC now owns 23,892 shares of the financial services provider's stock worth $574,000 after purchasing an additional 1,021 shares during the last quarter. Finally, First Manhattan CO. LLC. raised its stake in shares of Landmark Bancorp by 5.0% in the fourth quarter. First Manhattan CO. LLC. now owns 21,618 shares of the financial services provider's stock worth $519,000 after purchasing an additional 1,029 shares during the last quarter. Hedge funds and other 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.