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

Key Points

• Landmark Bancorp's stock price fell below its **200-day moving average**, trading as low as **$24.64** compared to the average of **$26.63**.
• Wall Street Zen downgraded the company's stock rating from **"buy"** to **"hold"** on July 26th.
• The company announced a **quarterly dividend** of **$0.21 per share**, yielding approximately **3.4%**, to be paid on August 27th to investors of record.

Landmark Bancorp Inc. (NASDAQ:LARK - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.63 and traded as low as $24.64. Landmark Bancorp shares last traded at $24.66, with a volume of 4,097 shares trading hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded 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 current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.49. The company has a market cap of $154.93 million, a PE ratio of 9.52 and a beta of 0.27. The firm's fifty day moving average is $26.40 and its 200 day moving average is $26.66.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) last announced its earnings results on Thursday, July 24th. The financial services provider reported $0.75 EPS for the quarter. The business had revenue of $17.31 million during the quarter. Landmark Bancorp had a return on equity of 12.28% and a net margin of 17.55%.

Landmark Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Wednesday, August 13th. Landmark Bancorp's dividend payout ratio (DPR) is presently 29.79%.

Insider Buying and Selling at Landmark Bancorp

In other news, Director Michael E. Scheopner sold 916 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $29.80, for a total value of $27,296.80. Following the completion of the sale, the director directly owned 90,308 shares of the company's stock, valued at approximately $2,691,178.40. This represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 1,976 shares of company stock worth $58,978 in the last 90 days. 12.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Landmark Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. New York State Common Retirement Fund acquired a new stake in shares of Landmark Bancorp in the second quarter valued at approximately $108,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Landmark Bancorp during the second quarter valued at approximately $120,000. JPMorgan Chase & Co. boosted its position in Landmark Bancorp by 8,612.0% during the second 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. Geode Capital Management LLC lifted its stake in shares of Landmark Bancorp by 121.8% during the 2nd quarter. Geode Capital Management LLC now owns 103,618 shares of the financial services provider's stock worth $2,740,000 after purchasing an additional 56,899 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Landmark Bancorp in the first quarter valued at $213,000. Institutional investors and hedge funds own 25.66% of the company's stock.

Landmark Bancorp Company Profile

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.