Landmark Bancorp's (LARK) Buy (B-) Rating Reaffirmed at Weiss Ratings

Key Points

• Landmark Bancorp's stock was reaffirmed with a "buy (B-)" rating by Weiss Ratings, while Wall Street Zen downgraded it to a "hold" rating.
• The company reported $0.75 earnings per share for its last quarter, with revenues of $17.31 million and a return on equity of 12.09%.
• Institutional investors have significantly increased their stakes in Landmark Bancorp, with Jones Financial Companies boosting their stake by 341.5% in the first quarter.

Landmark Bancorp (NASDAQ:LARK - Get Free Report)'s stock had its "buy (b-)" rating restated by analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen cut Landmark Bancorp from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy".

Landmark Bancorp Price Performance

NASDAQ LARK opened at $26.15 on Wednesday. Landmark Bancorp has a twelve month low of $19.04 and a twelve month high of $31.04. 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 stock has a market capitalization of $151.23 million, a PE ratio of 9.29 and a beta of 0.28. The stock has a 50-day simple moving average of $26.32 and a 200 day simple moving average of $27.24.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.75 earnings per share for the quarter. Landmark Bancorp had a return on equity of 12.09% and a net margin of 17.55%.The business had revenue of $17.31 million during the quarter.

Hedge Funds Weigh In On Landmark Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake in Landmark Bancorp by 341.5% during the first quarter. Jones Financial Companies Lllp now owns 2,000 shares of the financial services provider's stock valued at $54,000 after acquiring an additional 1,547 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Landmark Bancorp by 8,612.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,178 shares of the financial services provider's stock valued at $58,000 after purchasing an additional 2,153 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Landmark Bancorp during the 2nd quarter worth approximately $66,000. New York State Common Retirement Fund bought a new stake in Landmark Bancorp during the 2nd quarter worth approximately $108,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Landmark Bancorp during the 2nd quarter worth approximately $120,000. 25.66% of the stock is currently 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.

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