Landmark Bancorp (NASDAQ:LARK) Share Price Crosses Below Two Hundred Day Moving Average - Here's Why

Landmark Bancorp Inc. (NASDAQ:LARK - Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.44 and traded as low as $25.98. Landmark Bancorp shares last traded at $26.65, with a volume of 9,556 shares changing hands.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Landmark Bancorp from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th.

Landmark Bancorp Price Performance

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 business's 50-day moving average is $27.68 and its two-hundred day moving average is $26.45. The company has a market capitalization of $151.73 million, a P/E ratio of 10.14 and a beta of 0.22.

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

Landmark Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Wednesday, May 21st. Landmark Bancorp's payout ratio is currently 32.43%.

Insider Transactions at Landmark Bancorp

In related news, Director Michael E. Scheopner sold 916 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $29.80, for a total transaction of $27,296.80. Following the completion of the sale, the director owned 90,308 shares in the company, valued at approximately $2,691,178.40. This trade represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 44,058 shares of company stock worth $1,321,347 in the last three months. Company insiders own 12.80% of the company's stock.

Institutional Trading of Landmark Bancorp

Large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in shares of Landmark Bancorp by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 45,250 shares of the financial services provider's stock worth $1,087,000 after purchasing an additional 2,058 shares in the last quarter. Fourthstone LLC purchased a new position in shares of Landmark Bancorp in the fourth quarter worth about $466,000. Dimensional Fund Advisors LP increased its stake in shares of Landmark Bancorp by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 180,280 shares of the financial services provider's stock worth $4,329,000 after purchasing an additional 8,490 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake 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 worth $337,000 after purchasing an additional 671 shares in the last quarter. Finally, RBF Capital LLC increased its stake in shares of Landmark Bancorp by 4.5% in the fourth quarter. RBF Capital LLC now owns 23,892 shares of the financial services provider's stock worth $574,000 after purchasing an additional 1,021 shares in the last quarter. Hedge funds and other institutional investors own 25.66% of the company's stock.

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.