Landmark Bancorp (NASDAQ:LARK) Stock Price Passes Below 200-Day Moving Average - Here's Why

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%.

Landmark Bancorp Inc. (NASDAQ:LARK - Get Free Report) shares 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 cut shares of Landmark Bancorp from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th.

Landmark Bancorp Price Performance

The stock has a market capitalization of $155.71 million, a price-to-earnings ratio of 9.56 and a beta of 0.28. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.89 and a quick ratio of 0.89. The business's fifty day moving average price is $26.17 and its 200-day moving average price is $26.99.

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

Landmark Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors 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 was Wednesday, August 13th. Landmark Bancorp's dividend payout ratio (DPR) is presently 29.79%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp increased its stake in 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. boosted its holdings in shares of Landmark Bancorp by 8,612.0% in the second quarter. JPMorgan Chase & Co. now owns 2,178 shares of the financial services provider's stock worth $58,000 after buying an additional 2,153 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Landmark Bancorp in the second quarter worth approximately $66,000. New York State Common Retirement Fund purchased a new position in shares of Landmark Bancorp in the second quarter worth approximately $108,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in Landmark Bancorp during 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.