Short Interest in Landmark Bancorp, Inc. (NASDAQ:LARK) Declines By 5.1%

Landmark Bancorp, Inc. (NASDAQ:LARKGet Free Report) saw a significant decline in short interest in October. As of October 15th, there was short interest totalling 22,400 shares, a decline of 5.1% from the September 30th total of 23,600 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average trading volume of 2,000 shares, the short-interest ratio is presently 11.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. CGN Advisors LLC acquired a new stake in Landmark Bancorp during the second quarter worth about $202,000. Empowered Funds LLC grew its holdings 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 worth $232,000 after purchasing an additional 875 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Landmark Bancorp during the second quarter valued at approximately $338,000. Institutional investors own 25.66% of the company’s stock.

Landmark Bancorp Stock Up 0.3 %

Shares of Landmark Bancorp stock opened at $21.09 on Friday. Landmark Bancorp has a 12-month low of $15.98 and a 12-month high of $21.78. The stock has a market capitalization of $116.00 million, a P/E ratio of 9.33 and a beta of 0.44. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.19. The stock has a 50 day moving average price of $20.35 and a two-hundred day moving average price of $19.77.

Landmark Bancorp (NASDAQ:LARKGet Free Report) last issued its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.55 EPS for the quarter. The company had revenue of $14.69 million during the quarter. Landmark Bancorp had a return on equity of 9.71% and a net margin of 14.36%.

Landmark Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a $0.21 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.84 annualized dividend and a yield of 3.98%. Landmark Bancorp’s dividend payout ratio is 37.17%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Landmark Bancorp in a report on Tuesday. They set a “hold” rating on the stock.

View Our Latest Analysis on Landmark Bancorp

About Landmark Bancorp

(Get Free Report)

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.

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