Landmark Bancorp (NASDAQ:LARK) Stock Passes Below 200-Day Moving Average - Time to Sell?

Key Points

• Landmark Bancorp's stock price has recently dropped below its 200-day moving average of $27.01, trading as low as $26.73.
• Analysts have downgraded Landmark Bancorp from a "buy" rating to a "hold" rating, indicating a cautious outlook for the stock.
• The company declared a quarterly dividend of $0.21 per share, translating to an annualized dividend yield of 3.1% with a payout ratio of 29.79%.

Landmark Bancorp Inc. (NASDAQ:LARK - Get Free Report)'s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $27.01 and traded as low as $26.73. Landmark Bancorp shares last traded at $27.11, with a volume of 10,136 shares trading 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 note on Saturday, July 26th.

Landmark Bancorp Stock Down 0.5%

The stock has a 50 day moving average price of $26.18 and a 200 day moving average price of $27.09. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $156.55 million, a P/E ratio of 9.61 and a beta of 0.28.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) last released its 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 firm had revenue of $17.31 million for the quarter.

Landmark Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Wednesday, August 13th. Landmark Bancorp's dividend payout ratio (DPR) is currently 29.79%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LARK. Northern Trust Corp grew its stake in Landmark Bancorp by 35.0% in the 4th quarter. Northern Trust Corp now owns 21,017 shares of the financial services provider's stock valued at $505,000 after buying an additional 5,447 shares in the last quarter. Private Advisor Group LLC grew 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 valued at $394,000 after buying an additional 480 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in shares of Landmark Bancorp by 71.7% during the first quarter. OneDigital Investment Advisors LLC now owns 24,128 shares of the financial services provider's stock valued at $657,000 after buying an additional 10,075 shares during the period. Empowered Funds LLC boosted its position in shares of Landmark Bancorp by 2.6% in the first quarter. Empowered Funds LLC now owns 14,933 shares of the financial services provider's stock valued at $407,000 after acquiring an additional 377 shares during the period. Finally, Bank of America Corp DE grew its stake in Landmark Bancorp by 19.0% during the second quarter. Bank of America Corp DE now owns 13,982 shares of the financial services provider's stock valued at $370,000 after acquiring an additional 2,235 shares in the last quarter. 25.66% of the stock is 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.