Wall Street Zen Upgrades Landmark Bancorp (NASDAQ:LARK) to Buy

Landmark Bancorp (NASDAQ:LARK - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Friday.

Landmark Bancorp Trading Down 1.5%

Landmark Bancorp stock traded down $0.40 during midday trading on Friday, hitting $26.25. 8,193 shares of the stock were exchanged, compared to its average volume of 14,061. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $151.73 million, a price-to-earnings ratio of 10.14 and a beta of 0.22. The stock's 50-day simple moving average is $27.68 and its 200 day simple moving average is $26.45. Landmark Bancorp has a fifty-two week low of $18.34 and a fifty-two week high of $31.04.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter. Landmark Bancorp had a return on equity of 11.52% and a net margin of 16.37%. The business had revenue of $16.48 million for the quarter.

Insider Buying and Selling

In related news, Director Michael E. Scheopner sold 41,058 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $30.01, for a total value of $1,232,150.58. Following the completion of the sale, the director owned 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 through the SEC website. Insiders sold a total of 44,058 shares of company stock worth $1,321,347 over the last quarter. Insiders own 12.80% of the company's stock.

Institutional Investors Weigh In On Landmark Bancorp

Several hedge funds have recently modified their holdings of LARK. The Manufacturers Life Insurance Company lifted its holdings in shares of Landmark Bancorp by 22.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 237,876 shares of the financial services provider's stock valued at $5,711,000 after buying an additional 43,401 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Landmark Bancorp by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 180,280 shares of the financial services provider's stock valued at $4,329,000 after acquiring an additional 8,490 shares during the period. Geode Capital Management LLC lifted its holdings in Landmark Bancorp by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 45,250 shares of the financial services provider's stock valued at $1,087,000 after acquiring an additional 2,058 shares during the period. Bridgeway Capital Management LLC boosted its position in shares of Landmark Bancorp by 4.1% during the 4th quarter. Bridgeway Capital Management LLC now owns 42,771 shares of the financial services provider's stock worth $1,027,000 after purchasing an additional 1,667 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its stake in shares of Landmark Bancorp by 71.7% during the 1st quarter. OneDigital Investment Advisors LLC now owns 24,128 shares of the financial services provider's stock worth $657,000 after purchasing an additional 10,075 shares during the period. 25.66% of the stock is owned by institutional investors and hedge funds.

About Landmark Bancorp

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.