Landmark Bancorp (NASDAQ:LARK) Stock Price Crosses Above 50-Day Moving Average - What's Next?

Key Points

• Landmark Bancorp shares crossed above their 50-day moving average, trading at $31.95, compared with a 200-day average of $29.29.
• Recent analyst sentiment improved, with upgrades from Weiss Ratings and Wall Street Zen; the stock now carries a MarketBeat average rating of “Moderate Buy.”
• The company reported quarterly EPS of $0.88, exceeding estimates by $0.05, and maintains a quarterly dividend of $0.21, equivalent to a 2.6% annual yield.

Landmark Bancorp Inc. (NASDAQ:LARK - Get Free Report)'s stock price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $31.95 and traded as high as $31.95. Landmark Bancorp shares last traded at $31.95, with a volume of 8,447 shares changing hands.

Analyst Ratings Changes

LARK has been the topic of several recent analyst reports. Weiss Ratings upgraded Landmark Bancorp from a "hold (c)" rating to a "buy (b)" rating in a research report on Wednesday, July 8th. Wall Street Zen raised Landmark Bancorp from a "hold" rating to a "buy" rating in a report on Sunday, July 12th. Finally, Zacks Research upgraded Landmark Bancorp to a "hold" rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Landmark Bancorp presently has an average rating of "Moderate Buy".

Landmark Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.86. The company has a market capitalization of $194.90 million, a PE ratio of 9.71 and a beta of 0.39. The stock has a 50-day simple moving average of $31.95 and a 200 day simple moving average of $29.29.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.05. The business had revenue of $19.18 million during the quarter, compared to analysts' expectations of $0.06 million. Landmark Bancorp had a return on equity of 12.49% and a net margin of 20.56%. Equities analysts anticipate that Landmark Bancorp Inc. will post 3.47 EPS for the current fiscal year.

Landmark Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, August 13th. Landmark Bancorp's dividend payout ratio is presently 25.53%.

Institutional Trading of Landmark Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Landmark Bancorp during the 2nd quarter worth approximately $10,720,000. The Manufacturers Life Insurance Company purchased a new position in Landmark Bancorp during the second quarter worth $9,178,000. De Lisle Partners LLP acquired a new position in shares of Landmark Bancorp in the second quarter worth $1,724,000. Empowered Funds LLC acquired a new position in shares of Landmark Bancorp in the second quarter worth $772,000. Finally, OneDigital Investment Advisors LLC purchased a new stake in shares of Landmark Bancorp in the second quarter valued at $675,000. Hedge funds and other institutional investors own 25.66% of the company's stock.

About Landmark Bancorp

Landmark Bancorp, Inc is a bank holding company headquartered in Manhattan, Kansas. Through its principal subsidiary, Landmark National Bank, the company provides community banking services to individuals, families, farmers, and businesses.

Landmark National Bank offers deposit products, residential and commercial real estate loans, agricultural lending, consumer loans, and commercial loans. Its banking services also include online and mobile banking, treasury management, debit cards, and other traditional financial services.

The bank serves customers through a network of branches and banking offices located across Kansas, with a presence in communities including Manhattan, Emporia, Lawrence, and Topeka.

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