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

Key Points

• Landmark Bancorp has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen.
• The company's current stock price is $26.19, with a twelve-month high of $31.04 and a twelve-month low of $18.34.
• In recent insider activity, Director Michael E. Scheopner sold 41,058 shares, resulting in a 33.83% decrease in ownership of the stock.

Wall Street Zen downgraded shares of Landmark Bancorp (NASDAQ:LARK - Free Report) from a buy rating to a hold rating in a research note published on Saturday.

Landmark Bancorp Trading Down 3.2%

NASDAQ:LARK traded down $0.84 during midday trading on Friday, hitting $25.28. The stock had a trading volume of 11,306 shares, compared to its average volume of 13,268. Landmark Bancorp has a one year low of $18.34 and a one year high of $31.04. The company has a market capitalization of $146.12 million, a price-to-earnings ratio of 8.98 and a beta of 0.22. The stock has a 50-day moving average of $27.27 and a 200 day moving average of $26.60. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.49.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.75 EPS for the quarter. Landmark Bancorp had a return on equity of 12.28% and a net margin of 17.55%. The firm had revenue of $17.31 million during the quarter.

Landmark Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $0.84 dividend on an annualized basis and a yield of 3.32%. Landmark Bancorp's dividend payout ratio (DPR) is 29.79%.

Insider Transactions at Landmark Bancorp

In related news, Director Michael E. Scheopner sold 41,058 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $30.01, for a total value of $1,232,150.58. Following the completion of the transaction, the director owned 80,316 shares in the company, valued at $2,410,283.16. This trade represents a 33.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders sold 44,058 shares of company stock valued at $1,321,347. Company insiders own 12.80% of the company's stock.

Hedge Funds Weigh In On Landmark Bancorp

Institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new stake in Landmark Bancorp in the 1st quarter worth about $213,000. Jane Street Group LLC acquired a new position in shares of Landmark Bancorp during the 1st quarter worth approximately $308,000. Empowered Funds LLC boosted its holdings in shares of Landmark Bancorp by 2.6% during the 1st quarter. Empowered Funds LLC now owns 14,933 shares of the financial services provider's stock worth $407,000 after purchasing an additional 377 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Landmark Bancorp by 341.5% during the 1st quarter. Jones Financial Companies Lllp now owns 2,000 shares of the financial services provider's stock worth $54,000 after purchasing an additional 1,547 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of Landmark Bancorp by 3.4% during the 1st 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. 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.