Landmark Bancorp (NASDAQ:LARK) Stock Crosses Below 200 Day Moving Average - Here's What Happened

Key Points

• Landmark Bancorp's stock recently fell below its 200-day moving average, trading at $25.35 compared to the average of $26.73.
• Wall Street analysts have downgraded the stock from a "buy" to a "hold" rating, indicating a cautious outlook.
• The company declared a quarterly dividend of $0.21 per share, representing a yield of 3.3% and a dividend payout ratio of 29.79%.

Shares of Landmark Bancorp Inc. (NASDAQ:LARK - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.73 and traded as low as $25.01. Landmark Bancorp shares last traded at $25.35, with a volume of 8,398 shares changing hands.

Wall Street Analysts Forecast Growth

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

Landmark Bancorp Stock Performance

The company has a market cap of $146.52 million, a P/E ratio of 9.00 and a beta of 0.27. The company's 50-day moving average is $26.20 and its two-hundred day moving average is $26.73. 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 posted its quarterly 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 net margin of 17.55% and a return on equity of 12.09%.

Landmark Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, August 13th. This represents a $0.84 annualized dividend and a yield of 3.3%. Landmark Bancorp's dividend payout ratio is presently 29.79%.

Hedge Funds Weigh In On Landmark Bancorp

Several institutional investors have recently added to or reduced their stakes in LARK. Geode Capital Management LLC boosted its position in Landmark Bancorp by 4.8% during 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 during the period. Dimensional Fund Advisors LP boosted its position in Landmark Bancorp by 4.9% during 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 during the period. RBF Capital LLC boosted its position in Landmark Bancorp by 4.5% during 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 during the period. The Manufacturers Life Insurance Company boosted its position in Landmark Bancorp by 22.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 237,876 shares of the financial services provider's stock worth $5,711,000 after purchasing an additional 43,401 shares during the period. Finally, Northern Trust Corp boosted its position in Landmark Bancorp by 35.0% during the fourth quarter. Northern Trust Corp now owns 21,017 shares of the financial services provider's stock worth $505,000 after purchasing an additional 5,447 shares during the period. 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.

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