StockNews.com Initiates Coverage on Landmark Bancorp (NASDAQ:LARK)

Stock analysts at StockNews.com initiated coverage on shares of Landmark Bancorp (NASDAQ:LARK) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Landmark Bancorp Price Performance

LARK stock opened at $24.06 on Wednesday. The firm has a 50 day simple moving average of $24.25 and a two-hundred day simple moving average of $22.36. The stock has a market cap of $138.97 million, a PE ratio of 10.62 and a beta of 0.46. Landmark Bancorp has a one year low of $17.05 and a one year high of $26.75. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.80 and a quick ratio of 0.79.

Landmark Bancorp (NASDAQ:LARK) last announced its earnings results on Tuesday, February 4th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter. Landmark Bancorp had a net margin of 14.51% and a return on equity of 10.51%.

Insider Buying and Selling

In related news, Director Michael E. Scheopner sold 3,097 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $25.31, for a total transaction of $78,385.07. Following the transaction, the director now owns 131,269 shares of the company’s stock, valued at approximately $3,322,418.39. This trade represents a 2.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patrick L. Alexander sold 20,000 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $24.53, for a total transaction of $490,600.00. Following the completion of the sale, the director now directly owns 80,285 shares of the company’s stock, valued at $1,969,391.05. This represents a 19.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Landmark Bancorp

Several institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its stake in Landmark Bancorp by 22.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 237,876 shares of the financial services provider’s stock worth $5,711,000 after purchasing an additional 43,401 shares during the period. De Lisle Partners LLP grew its holdings in shares of Landmark Bancorp by 78.1% in the third quarter. De Lisle Partners LLP now owns 67,595 shares of the financial services provider’s stock worth $1,369,000 after purchasing an additional 29,637 shares during the last quarter. Fourthstone LLC purchased a new position in shares of Landmark Bancorp in the fourth quarter worth $466,000. Dimensional Fund Advisors LP raised its holdings in Landmark Bancorp by 4.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 180,280 shares of the financial services provider’s stock valued at $4,329,000 after buying an additional 8,490 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Landmark Bancorp by 35.0% during 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 during the last quarter. 25.66% of the stock is currently owned by hedge funds and other institutional investors.

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.