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

Landmark Bancorp (NASDAQ:LARK - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

Landmark Bancorp Stock Up 9.3%

Shares of NASDAQ LARK traded up $2.53 during trading hours on Friday, hitting $29.60. 6,399 shares of the stock were exchanged, compared to its average volume of 13,715. The company has a market cap of $171.08 million, a PE ratio of 11.43 and a beta of 0.22. Landmark Bancorp has a 12 month low of $18.19 and a 12 month high of $31.04. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.49. The firm has a fifty day moving average price of $28.21 and a 200-day moving average price of $26.28.

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

Insider Activity at Landmark Bancorp

In other news, Director Michael E. Scheopner sold 916 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $29.80, for a total value of $27,296.80. Following the sale, the director directly owned 90,308 shares of the company's stock, valued at $2,691,178.40. This represents a 1.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have sold 44,058 shares of company stock valued at $1,321,347. 12.80% of the stock is owned by corporate insiders.

Institutional Trading of Landmark Bancorp

Hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its position in Landmark Bancorp by 341.5% during the first quarter. Jones Financial Companies Lllp now owns 2,000 shares of the financial services provider's stock worth $54,000 after acquiring an additional 1,547 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Landmark Bancorp in the first quarter valued at about $213,000. Jane Street Group LLC acquired a new stake in shares of Landmark Bancorp in the first quarter valued at about $308,000. OneDigital Investment Advisors LLC raised its position 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 buying an additional 671 shares during the last quarter. Finally, Private Advisor Group LLC raised its position 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 valued at $394,000 after buying an additional 480 shares during the last quarter. 25.66% of the stock is owned by hedge funds and other institutional investors.

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.