Landmark Bancorp (NASDAQ:LARK) receives new coverage from StockNews.com analysts

StockNews.com research analysts assumed stock coverage of Landmark Bancorp (NASDAQ:LARK – Get a Rating) in a note released Tuesday to investors. The company has set a “buy” rating on the shares of the financial services provider.

Performance of Landmark Bancorp shares

LARK shares opened at $25.76 on Tuesday. The company has a market capitalization of $128.18 million, a PE ratio of 9.32 and a beta of 0.33. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt ratio of 0.18. The stock has a 50-day moving average price of $25.63 and a 200-day moving average price of $25.62. Landmark Bancorp has a 12-month low of $24.16 and a 12-month high of $31.50.

Landmark Bancorp (NASDAQ:LARK – Get Rating) released its quarterly results for the last time on Tuesday July 26th. The financial services provider reported earnings per share (EPS) of $0.61 for the quarter. The company had revenue of $12.69 million in the quarter. Landmark Bancorp had a return on equity of 10.52% and a net margin of 25.01%.

Insiders place their bets

In other Landmark Bancorp news, Director Patrick L. Alexander sold 1,103 shares of Landmark Bancorp in a trade that took place on Thursday August 18th. The stock was sold at an average price of $26.04, for a total value of $28,722.12. As a result of the transaction, the administrator now directly owns 96,914 shares of the company, valued at approximately $2,523,640.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Separately, director Patrick L. Alexander sold 1,103 shares of the company in a trade that took place on Thursday, August 18. The stock was sold at an average price of $26.04, for a total transaction of $28,722.12. Following the transaction, the administrator now directly owns 96,914 shares of the company, valued at $2,523,640.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. Additionally, director Patrick L. Alexander sold 1,382 shares of the company in a trade that took place on Wednesday, August 24. The shares were sold at an average price of $26.57, for a total value of $36,719.74. Following the transaction, the administrator now directly owns 90,875 shares of the company, valued at $2,414,548.75. The disclosure of this sale can be found here. Insiders sold 3,245 shares of the company valued at $85,673 in the past ninety days. Insiders of the company own 17.10% of the shares of the company.

Hedge funds weigh on Landmark Bancorp

Several hedge funds have recently changed their positions in LARK. US Bancorp DE bought a new stake in Landmark Bancorp in the second quarter worth $60,000. UBS Group AG increased its stake in Landmark Bancorp by 17.1% in the second quarter. UBS Group AG now owns 4,444 shares of the financial services provider worth $112,000 after purchasing an additional 648 shares during the period. Renaissance Technologies LLC increased its stake in Landmark Bancorp by 2.0% in the fourth quarter. Renaissance Technologies LLC now owns 105,989 shares of the financial services provider worth $3,041,000 after purchasing an additional 2,050 shares during the period. Vanguard Group Inc. increased its stake in Landmark Bancorp by 1.5% in the first quarter. Vanguard Group Inc. now owns 135,627 shares of the financial services provider worth $3,571,000 after purchasing an additional 2,019 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Landmark Bancorp by 19.6% in the first quarter. The Manufacturers Life Insurance Company now owns 216,907 shares of the financial services provider worth $5,711,000 after purchasing an additional 35,622 shares during the period. 21.85% of the shares are held by hedge funds and other institutional investors.

About Landmark Bancorp

(Get a rating)

Landmark Bancorp, Inc operates as a financial holding company for Landmark National Bank which provides various financial and banking services to its local communities. It offers current, money market, non-interest bearing checking and savings accounts, as well as certificates of deposit. The company also has residential real estate for one to four families, construction and land, commercial real estate, paycheck protection program, municipal and agricultural loans; and consumer and other loans, including auto, boat and home improvement loans and home equity loans, as well as insurance and mobile and online banking.

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