Landmark Bancorp (NASDAQ:LARK) Share Price Crosses Above 50 Day Moving Average - Here's Why

Key Points

• Landmark Bancorp's stock price recently crossed above its 50 day moving average, indicating potential upward momentum, with the last recorded price at $26.56.
• The company has a market capitalization of $153.52 million and recently reported an earnings per share (EPS) of $0.75, reflecting positive financial performance.
• Landmark Bancorp declared a quarterly dividend of $0.21 per share, translating to a 3.2% annual yield, with a dividend payout ratio of approximately 29.79%.

Landmark Bancorp Inc. (NASDAQ:LARK - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $26.28 and traded as high as $26.97. Landmark Bancorp shares last traded at $26.56, with a volume of 8,870 shares trading hands.

Analyst Ratings Changes

LARK has been the subject of a number of recent research reports. Weiss Ratings reissued a "buy (b-)" rating on shares of Landmark Bancorp in a research note on Saturday, September 27th. Wall Street Zen lowered shares of Landmark Bancorp from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Landmark Bancorp currently has a consensus rating of "Buy".

Landmark Bancorp Stock Down 0.5%

The firm has a market cap of $153.52 million, a P/E ratio of 9.43 and a beta of 0.28. The firm's 50 day moving average is $26.28 and its two-hundred day moving average is $27.25. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) last issued its earnings results on Thursday, July 24th. The financial services provider reported $0.75 EPS for the quarter. The firm had revenue of $17.31 million during the quarter. Landmark Bancorp had a net margin of 17.55% and a return on equity of 12.09%.

Landmark Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, August 13th. Landmark Bancorp's dividend payout ratio (DPR) is presently 29.79%.

Institutional Investors Weigh In On Landmark Bancorp

Several large investors have recently modified their holdings of LARK. Bridgeway Capital Management LLC raised its position in shares of Landmark Bancorp by 3.4% during the second quarter. Bridgeway Capital Management LLC now owns 42,213 shares of the financial services provider's stock worth $1,116,000 after purchasing an additional 1,370 shares during the period. Bank of America Corp DE raised its holdings in Landmark Bancorp by 19.0% during the 2nd quarter. Bank of America Corp DE now owns 13,982 shares of the financial services provider's stock worth $370,000 after buying an additional 2,235 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Landmark Bancorp in the second quarter valued at approximately $66,000. New York State Common Retirement Fund bought a new position in Landmark Bancorp in the second quarter valued at approximately $108,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Landmark Bancorp in the second quarter valued at approximately $120,000. 25.66% of the stock is currently owned by 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.

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