Landmark Bancorp (NASDAQ:LARK) Stock Price Crosses Below 200-Day Moving Average - Should You Sell?

Key Points

• Landmark Bancorp's stock price dropped below its 200-day moving average of $27.20, trading as low as $25.82, which raises concerns for investors about potential selling opportunities.
• Analysts have mixed views on Landmark Bancorp, with Weiss Ratings maintaining a "buy" rating while Wall Street Zen downgraded the stock from "buy" to "hold," contributing to an average rating of "buy."
• The company reported a quarterly earnings per share (EPS) of $0.75 and has declared a quarterly dividend of $0.21, reflecting an annualized yield of 3.2% with a payout ratio of 29.79%.

Landmark Bancorp Inc. (NASDAQ:LARK - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.20 and traded as low as $25.82. Landmark Bancorp shares last traded at $25.99, with a volume of 7,323 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LARK. Weiss Ratings restated a "buy (b-)" rating on shares of Landmark Bancorp in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Landmark Bancorp from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy".

Landmark Bancorp Price Performance

The firm has a market cap of $150.30 million, a price-to-earnings ratio of 9.23 and a beta of 0.28. The business's 50-day simple moving average is $26.43 and its two-hundred day simple moving average is $27.20. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.75 EPS 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $0.84 annualized dividend and a yield of 3.2%. Landmark Bancorp's dividend payout ratio (DPR) is presently 29.79%.

Institutional Trading of Landmark Bancorp

Several hedge funds have recently bought and sold shares of the business. Empowered Funds LLC grew its position in Landmark Bancorp by 2.6% in the 1st quarter. Empowered Funds LLC now owns 14,933 shares of the financial services provider's stock valued at $407,000 after purchasing an additional 377 shares during the period. Private Advisor Group LLC boosted its holdings in Landmark Bancorp by 3.4% during the 1st quarter. Private Advisor Group LLC now owns 14,449 shares of the financial services provider's stock worth $394,000 after acquiring an additional 480 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in Landmark Bancorp by 3.4% during the 2nd quarter. Bridgeway Capital Management LLC now owns 42,213 shares of the financial services provider's stock worth $1,116,000 after acquiring an additional 1,370 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings 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 worth $54,000 after acquiring an additional 1,547 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in 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 worth $58,000 after acquiring an additional 2,153 shares during the last quarter. Institutional investors and hedge funds 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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