Landmark Bancorp (NASDAQ:LARK) Rating Lowered to “Hold” at Wall Street Zen

Landmark Bancorp (NASDAQ:LARK) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Landmark Bancorp Stock Up 9.3%

Shares of NASDAQ:LARK opened at $29.60 on Friday. The business has a 50-day moving average price of $28.21 and a 200 day moving average price of $26.28. 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 capitalization of $171.08 million, a price-to-earnings ratio of 11.43 and a beta of 0.22. Landmark Bancorp has a 12-month low of $18.19 and a 12-month high of $31.04.

Landmark Bancorp (NASDAQ:LARK) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter. The firm had revenue of $16.48 million during the quarter. Landmark Bancorp had a return on equity of 11.52% and a net margin of 16.37%.

Insiders Place Their Bets

In other Landmark Bancorp news, Director Michael E. Scheopner sold 41,058 shares of Landmark Bancorp stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $30.01, for a total value of $1,232,150.58. Following the completion of the transaction, the director directly owned 80,316 shares of the company’s stock, valued at $2,410,283.16. The trade was a 33.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 44,058 shares of company stock valued at $1,321,347. Insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On Landmark Bancorp

Institutional investors have recently bought and sold shares of the company. Northern Trust Corp grew its position 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 acquiring an additional 5,447 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Landmark Bancorp by 4.9% in 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 acquiring an additional 8,490 shares in the last quarter. RBF Capital LLC grew its position in Landmark Bancorp by 4.5% in the 4th quarter. RBF Capital LLC now owns 23,892 shares of the financial services provider’s stock valued at $574,000 after acquiring an additional 1,021 shares in the last quarter. BOKF NA grew its position in Landmark Bancorp by 5.0% in the 4th quarter. BOKF NA now owns 22,441 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 1,068 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position 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 valued at $5,711,000 after acquiring an additional 43,401 shares in the last quarter. 25.66% of the stock is owned by institutional investors and hedge funds.

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.