Landmark Bancorp (NASDAQ:LARK) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Landmark Bancorp (NASDAQ:LARK – Get Rating) in a research note issued to investors on Friday. The brokerage set a “buy” rating on the financial services provider’s stock.

Shares of LARK opened at $25.50 on Friday. The firm has a market cap of $127.42 million, a PE ratio of 7.08 and a beta of 0.41. The company has a current ratio of 0.75, a quick ratio of 0.74 and a debt-to-equity ratio of 0.16. Landmark Bancorp has a 1-year low of $24.40 and a 1-year high of $31.50. The firm has a fifty day simple moving average of $26.35 and a two-hundred day simple moving average of $27.68.

In other Landmark Bancorp news, Director Patrick L. Alexander sold 2,500 shares of the stock in a transaction dated Thursday, March 3rd. The shares were sold at an average price of $27.26, for a total transaction of $68,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 17.10% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of LARK. The Manufacturers Life Insurance Company boosted its holdings in shares of Landmark Bancorp by 180.6% in the third quarter. The Manufacturers Life Insurance Company now owns 132,521 shares of the financial services provider’s stock valued at $3,795,000 after purchasing an additional 85,287 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Landmark Bancorp by 36.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 181,285 shares of the financial services provider’s stock valued at $5,167,000 after purchasing an additional 48,764 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Landmark Bancorp during the fourth quarter worth $671,000. BOKF NA acquired a new stake in Landmark Bancorp during the 3rd quarter worth about $530,000. Finally, Petiole USA ltd purchased a new stake in Landmark Bancorp in the fourth quarter valued at approximately $294,000. Hedge funds and other institutional investors own 25.89% 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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