Landmark Bancorp (NASDAQ:LARK) Shares Cross Below 200 Day Moving Average - Should You Sell?

Key Points

• Landmark Bancorp's shares fell below their 200-day moving average of $26.90, closing at $26.82 with a trading volume of 4,402 shares.
• Analysts from Wall Street Zen downgraded the stock from a "buy" to a "hold" rating, indicating potential caution for investors.
• The company reported a quarterly earnings per share of $0.75 alongside a revenue of $17.31 million, and announced a quarterly dividend of $0.21 per share, yielding approximately 3.1%.

Shares of Landmark Bancorp Inc. (NASDAQ:LARK - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $26.90 and traded as low as $26.75. Landmark Bancorp shares last traded at $26.82, with a volume of 4,402 shares.

Analysts Set New Price Targets

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

Landmark Bancorp Stock Performance

The stock has a 50 day simple moving average of $26.30 and a 200 day simple moving average of $26.90. The company has a market cap of $155.02 million, a price-to-earnings ratio of 9.53 and a beta of 0.28. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.19.

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

Landmark Bancorp Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its position in shares of Landmark Bancorp by 341.5% during the 1st quarter. Jones Financial Companies Lllp now owns 2,000 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 1,547 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Landmark Bancorp by 8,612.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,178 shares of the financial services provider's stock valued at $58,000 after acquiring an additional 2,153 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Landmark Bancorp in the 2nd quarter worth about $66,000. New York State Common Retirement Fund bought a new position in Landmark Bancorp during the second quarter valued at approximately $108,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Landmark Bancorp in the second quarter worth $120,000. 25.66% of the stock is currently owned by institutional investors.

Landmark Bancorp Company Profile

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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