Landmark Bancorp (NASDAQ:LARK) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Landmark Bancorp (NASDAQ:LARKGet Rating) in a research report sent to investors on Monday morning. The brokerage issued a buy rating on the financial services provider’s stock.

Landmark Bancorp Stock Down 0.0 %

LARK opened at $25.49 on Monday. The firm has a 50 day moving average price of $25.77 and a 200 day moving average price of $25.47. The company has a market cap of $126.69 million, a PE ratio of 10.80 and a beta of 0.32. Landmark Bancorp has a 1 year low of $24.16 and a 1 year high of $31.00. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.69 and a current ratio of 0.69.

Landmark Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Wednesday, November 16th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Tuesday, November 15th. Landmark Bancorp’s dividend payout ratio (DPR) is presently 35.59%.

Institutional Trading of Landmark Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of LARK. US Bancorp DE acquired a new stake in Landmark Bancorp in the second quarter valued at approximately $60,000. UBS Group AG grew its position in Landmark Bancorp by 17.1% in the second quarter. UBS Group AG now owns 4,444 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 648 shares in the last quarter. Vanguard Group Inc. grew its position in Landmark Bancorp by 1.5% in the first quarter. Vanguard Group Inc. now owns 135,627 shares of the financial services provider’s stock valued at $3,571,000 after acquiring an additional 2,019 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew 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’s stock valued at $5,711,000 after acquiring an additional 35,622 shares in the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

About Landmark Bancorp

(Get Rating)

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 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, including automobile, boat, and home improvement and home equity loans, as well as insurance, and mobile and online banking services.

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