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

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

Landmark Bancorp Price Performance

NASDAQ LARK opened at $22.06 on Thursday. The company has a 50-day moving average price of $20.62 and a 200-day moving average price of $19.96. Landmark Bancorp has a 52 week low of $17.66 and a 52 week high of $22.58. 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 firm has a market capitalization of $121.30 million, a P/E ratio of 9.76 and a beta of 0.43.

Institutional Investors Weigh In On Landmark Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. De Lisle Partners LLP increased its stake 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 in the last quarter. Empowered Funds LLC boosted its holdings in Landmark Bancorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 13,613 shares of the financial services provider’s stock worth $275,000 after buying an additional 670 shares during the period. Sanctuary Advisors LLC purchased a new stake in Landmark Bancorp in the 2nd quarter worth $338,000. Finally, CGN Advisors LLC bought a new stake in Landmark Bancorp during the second quarter valued at about $202,000. Institutional investors own 25.66% of the company’s stock.

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.