Landmark Bancorp (NASDAQ:LARK) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Landmark Bancorp (NASDAQ:LARK) in a research report issued on Monday. The firm set a “hold” rating on the financial services provider’s stock.

Landmark Bancorp Stock Performance

Shares of Landmark Bancorp stock opened at $19.20 on Monday. The firm has a market capitalization of $105.02 million, a P/E ratio of 9.04 and a beta of 0.44. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The business’s fifty day simple moving average is $19.17 and its 200 day simple moving average is $19.57. Landmark Bancorp has a 12 month low of $15.70 and a 12 month high of $21.78.

Landmark Bancorp (NASDAQ:LARK) last released its earnings results on Wednesday, May 1st. The financial services provider reported $0.51 earnings per share for the quarter. Landmark Bancorp had a net margin of 14.39% and a return on equity of 9.70%. The firm had revenue of $21.15 million during the quarter.

Insiders Place Their Bets

In related news, Director Angela S. Hurt bought 4,232 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was acquired at an average cost of $19.25 per share, for a total transaction of $81,466.00. Following the completion of the transaction, the director now directly owns 4,727 shares in the company, valued at approximately $90,994.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired 4,882 shares of company stock worth $93,804 in the last ninety days. 17.20% of the stock is currently owned by insiders.

Institutional Trading of Landmark Bancorp

Several hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC grew its holdings in Landmark Bancorp by 7.8% in the 1st quarter. Empowered Funds LLC now owns 12,043 shares of the financial services provider’s stock worth $232,000 after acquiring an additional 875 shares during the last quarter. Private Advisor Group LLC bought a new stake in shares of Landmark Bancorp in the fourth quarter worth about $240,000. Finally, Kornitzer Capital Management Inc. KS increased its holdings in Landmark Bancorp by 5.1% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 120,748 shares of the financial services provider’s stock valued at $2,390,000 after purchasing an additional 5,871 shares during the period. 25.66% of the stock is owned by 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.