Landmark Bancorp (NASDAQ:LARK) Raised to "Hold" at Zacks Research

Key Points

• Zacks Research upgraded Landmark Bancorp to “Hold”, while other analysts recently issued buy upgrades; MarketBeat’s consensus rating is “Moderate Buy.”
• Landmark Bancorp shares opened at $31.63, near their 12-month high of $32.39, and the company reported quarterly EPS of $0.88, beating estimates by $0.05.
• Insiders sold 7,672 shares worth approximately $219,563 over the past 90 days, while institutional investors—including Manufacturers Life Insurance—generally increased their positions.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) was upgraded by research analysts at Zacks Research to a "hold" rating in a research note issued on Tuesday,Zacks.com reports.

Several other brokerages have also commented on LARK. Wall Street Zen upgraded shares of Landmark Bancorp from a "hold" rating to a "buy" rating in a report on Sunday, July 12th. Weiss Ratings upgraded shares of Landmark Bancorp from a "hold (c)" rating to a "buy (b)" rating in a report on Wednesday, July 8th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Landmark Bancorp Trading Up 1.3%

NASDAQ LARK opened at $31.63 on Tuesday. The firm's 50-day moving average is $30.25 and its two-hundred day moving average is $28.03. Landmark Bancorp has a 12 month low of $23.19 and a 12 month high of $32.39. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $192.94 million, a P/E ratio of 9.62 and a beta of 0.39.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.05. Landmark Bancorp had a net margin of 20.56% and a return on equity of 12.63%. The company had revenue of $19.18 million during the quarter, compared to analyst estimates of $0.06 million. On average, sell-side analysts anticipate that Landmark Bancorp will post 3.47 earnings per share for the current year.

Insider Activity

In other news, Director Patrick L. Alexander sold 3,300 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $28.51, for a total transaction of $94,083.00. Following the sale, the director owned 700 shares of the company's stock, valued at approximately $19,957. This represents a 82.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jim Lewis sold 900 shares of the firm's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $29.48, for a total transaction of $26,532.00. Following the completion of the transaction, the director directly owned 153,196 shares of the company's stock, valued at approximately $4,516,218.08. The trade was a 0.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 7,672 shares of company stock valued at $219,563. 9.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Landmark Bancorp

Several large investors have recently added to or reduced their stakes in LARK. Empowered Funds LLC lifted its holdings in Landmark Bancorp by 9.6% during the 1st quarter. Empowered Funds LLC now owns 23,425 shares of the financial services provider's stock worth $581,000 after buying an additional 2,053 shares in the last quarter. First Manhattan CO. LLC. grew its stake in shares of Landmark Bancorp by 5.0% in the fourth quarter. First Manhattan CO. LLC. now owns 20,475 shares of the financial services provider's stock worth $536,000 after acquiring an additional 975 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in shares of Landmark Bancorp by 9.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 48,575 shares of the financial services provider's stock worth $1,272,000 after acquiring an additional 4,188 shares in the last quarter. Barclays PLC grew its stake in shares of Landmark Bancorp by 43.0% in the fourth quarter. Barclays PLC now owns 9,196 shares of the financial services provider's stock worth $241,000 after acquiring an additional 2,766 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Landmark Bancorp by 12.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 305,333 shares of the financial services provider's stock worth $7,997,000 after acquiring an additional 33,610 shares during the period. 25.66% of the stock is owned by hedge funds and other institutional investors.

Landmark Bancorp Company Profile

Landmark Bancorp, Inc is the bank holding company for Landmark Community Bank, a community‐focused financial institution. The company provides a full range of deposit and lending products through its subsidiary, including checking and savings accounts, certificates of deposit, residential mortgages, home equity lines of credit and small business loans. Landmark Bancorp emphasizes personalized service, leveraging local decision-making to meet the unique needs of individuals and local enterprises.

In addition to traditional deposit and lending services, Landmark Bancorp offers comprehensive cash-management and treasury solutions for commercial clients.

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