Landmark Bancorp (NASDAQ:LARK) Share Price Passes Below Two Hundred Day Moving Average - What's Next?

Key Points

• Landmark Bancorp's stock price recently fell below its 200-day moving average, trading at $26.75 compared to the average of $27.16.
• Wall Street analysts downgraded Landmark Bancorp shares from a "buy" rating to a "hold" rating as of July 26th.
• The company reported earnings of $0.75 per share for the last quarter, along with a dividend yield of 3.1%.

Landmark Bancorp Inc. (NASDAQ:LARK - Get Free Report)'s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.16 and traded as low as $26.75. Landmark Bancorp shares last traded at $27.23, with a volume of 7,100 shares traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Landmark Bancorp from a "buy" rating to a "hold" rating in a report on Saturday, July 26th.

Landmark Bancorp Stock Up 0.6%

The company has a market cap of $157.39 million, a P/E ratio of 9.67 and a beta of 0.28. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19. The firm's 50 day moving average price is $26.23 and its 200-day moving average price is $27.16.

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

Landmark Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, August 13th. Landmark Bancorp's dividend payout ratio (DPR) is 29.79%.

Institutional Trading of Landmark Bancorp

A number of hedge funds have recently modified their holdings of LARK. Northern Trust Corp raised its position in shares of Landmark Bancorp by 35.0% in the 4th quarter. Northern Trust Corp now owns 21,017 shares of the financial services provider's stock valued at $505,000 after acquiring an additional 5,447 shares during the period. OneDigital Investment Advisors LLC raised its position in shares of Landmark Bancorp by 71.7% in the 1st quarter. OneDigital Investment Advisors LLC now owns 24,128 shares of the financial services provider's stock valued at $657,000 after acquiring an additional 10,075 shares during the period. Private Advisor Group LLC raised its position in shares of Landmark Bancorp by 3.4% in the 1st quarter. Private Advisor Group LLC now owns 14,449 shares of the financial services provider's stock valued at $394,000 after acquiring an additional 480 shares during the period. Jones Financial Companies Lllp raised its position in shares of Landmark Bancorp by 341.5% in the 1st quarter. Jones Financial Companies Lllp now owns 2,000 shares of the financial services provider's stock valued at $54,000 after acquiring an additional 1,547 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Landmark Bancorp in the 1st quarter valued at approximately $213,000. 25.66% of the stock is currently 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.

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