StockNews.com Begins Coverage of Landmark Bancorp (NASDAQ:LARK)

StockNews.com investment analysts have launched a hedge on the shares of Landmark Bancorp (NASDAQ:LARK – Get a Rating) in a research report published on Monday. The brokerage has set a “buy” rating on the shares of the financial services provider.

Landmark Bancorp shares down 0.9%

Shares of NASDAQ LARK opened at $25.97 on Monday. The stock has a 50-day moving average price of $25.52 and a 200-day moving average price of $25.66. The company has a debt ratio of 0.18, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $129.23 million, a price-earnings ratio of 9.39 and a beta of 0.35. Landmark Bancorp has a 52-week minimum of $24.16 and a 52-week maximum of $31.50.

Landmark Bancorp (NASDAQ:LARK – Get Rating) last released its results on Tuesday, July 26. The financial services provider reported earnings per share 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 10.81% and a net margin of 25.01%.

Insider Trading at Landmark Bancorp

Separately, director Patrick L. Alexander sold 1,103 shares of the company in a trade 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 sale was disclosed in a legal filing with the SEC, accessible via the SEC’s website. Separately, director Patrick L. Alexander sold 1,382 shares of the company in a trade on Wednesday, August 24. The stock was sold at an average price of $26.57, for a total value of $36,719.74. As a result of the transaction, the administrator now directly owns 90,875 shares of the company, valued at approximately $2,414,548.75. The transaction was disclosed in a legal filing with the SEC, which is available via this hyperlink. Additionally, director Patrick L. Alexander sold 1,103 shares of the company in a trade on Thursday, August 18. The shares were sold at an average price of $26.04, for a total value of $28,722.12. Following completion of the transaction, the administrator now directly owns 96,914 shares of the company, valued at $2,523,640.56. The disclosure of this sale can be found here. In the past three months, insiders have sold 3,245 shares of the company valued at $85,673. Company insiders own 17.10% of the company’s shares.

Institutional investors weigh in on Landmark Bancorp

Several hedge funds and other institutional investors have recently increased or reduced their holdings in LARK. The Manufacturers Life Insurance Company increased its position 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. Dimensional Fund Advisors LP increased its position in Landmark Bancorp by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 167,980 shares of the financial services provider worth $4,787,000 after purchasing an additional 4,800 shares during the period. US Bancorp DE acquired a new stake in Landmark Bancorp during the 2nd quarter for a value of approximately $60,000. Renaissance Technologies LLC increased its position in Landmark Bancorp by 2.0% during 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. Finally, Vanguard Group Inc. increased its position in Landmark Bancorp by 1.5% during 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. 21.85% of the shares are held by institutional investors and hedge funds.

Landmark Bancorp Company Profile

(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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