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

Equities researchers at StockNews.com started coverage on shares of Landmark Bancorp (NASDAQ:LARK) in a research report issued to clients and investors on Saturday. The firm set a “hold” rating on the financial services provider’s stock.

Landmark Bancorp Stock Performance

NASDAQ:LARK opened at $20.01 on Friday. The stock has a 50 day simple moving average of $20.21 and a 200 day simple moving average of $19.63. The stock has a market cap of $109.53 million, a P/E ratio of 9.44 and a beta of 0.44. Landmark Bancorp has a 1-year low of $15.70 and a 1-year high of $21.78. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.19.

Landmark Bancorp (NASDAQ:LARK) last issued its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.55 earnings per share for the quarter. Landmark Bancorp had a net margin of 13.59% and a return on equity of 9.20%. The business had revenue of $14.69 million during the quarter.

Hedge Funds Weigh In On Landmark Bancorp

Hedge funds have recently bought and sold shares of the company. CGN Advisors LLC bought a new position in Landmark Bancorp during the second quarter worth $202,000. Empowered Funds LLC grew its position in shares of Landmark Bancorp by 7.8% during the 1st quarter. Empowered Funds LLC now owns 12,043 shares of the financial services provider’s stock valued at $232,000 after acquiring an additional 875 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of Landmark Bancorp in the 2nd quarter worth approximately $338,000. 25.66% of the stock is 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.