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

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

Landmark Bancorp Stock Down 0.2 %

Shares of LARK opened at $24.06 on Friday. The stock has a market cap of $138.97 million, a price-to-earnings ratio of 11.19 and a beta of 0.47. The company has a 50-day moving average price of $21.62 and a two-hundred day moving average price of $20.47. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.81. Landmark Bancorp has a 12 month low of $17.05 and a 12 month high of $25.25.

Hedge Funds Weigh In On Landmark Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in LARK. Empowered Funds LLC increased its stake 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 valued at $275,000 after buying an additional 670 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Landmark Bancorp in the 2nd quarter valued at about $338,000. Finally, De Lisle Partners LLP lifted its holdings in shares of Landmark Bancorp by 78.1% during the 3rd quarter. De Lisle Partners LLP now owns 67,595 shares of the financial services provider’s stock worth $1,369,000 after acquiring an additional 29,637 shares during the period. 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.