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 Stock Up 2.4%
Shares of NASDAQ LARK traded up $0.70 during mid-day trading on Wednesday, reaching $29.75. 10,633 shares of the company were exchanged, compared to its average volume of 9,808. The firm has a 50-day moving average of $28.40 and a 200 day moving average of $25.57. Landmark Bancorp has a 1 year low of $17.53 and a 1 year high of $31.04. 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 stock has a market cap of $172.04 million, a price-to-earnings ratio of 13.13 and a beta of 0.28.
Landmark Bancorp (NASDAQ:LARK - Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.81 earnings per share for the quarter. The firm had revenue of $16.48 million for the quarter. Landmark Bancorp had a return on equity of 10.51% and a net margin of 14.51%.
Landmark Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be paid a $0.21 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.82%. Landmark Bancorp's payout ratio is currently 32.43%.
Insider Buying and Selling at Landmark Bancorp
In related news, Director Michael E. Scheopner sold 41,058 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $30.01, for a total transaction of $1,232,150.58. Following the completion of the transaction, the director now owns 80,316 shares in the company, valued at $2,410,283.16. This represents a 33.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 44,058 shares of company stock valued at $1,321,347. 12.80% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp boosted its stake 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 during the period. Goldman Sachs Group Inc. purchased a new stake in Landmark Bancorp during the 1st quarter valued at approximately $213,000. Jane Street Group LLC purchased a new position in shares of Landmark Bancorp during the 1st quarter worth approximately $308,000. Private Advisor Group LLC increased its holdings in Landmark Bancorp by 5.0% in the fourth quarter. Private Advisor Group LLC now owns 13,969 shares of the financial services provider's stock valued at $335,000 after buying an additional 660 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its holdings 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 valued at $337,000 after purchasing an additional 671 shares in the last quarter. 25.66% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
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