Landmark Bancorp, Inc. (NASDAQ:LARK) Short Interest Update

Landmark Bancorp, Inc. (NASDAQ:LARK – Get Rating) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totalling 24,200 shares, a drop of 13.9% from the April 15th total of 28,100 shares. Based on an average trading volume of 3,900 shares, the short-interest ratio is currently 6.2 days. Currently, 0.6% of the shares of the company are sold short.

Separately, StockNews.com started coverage on shares of Landmark Bancorp in a report on Friday, May 13th. They issued a “buy” rating on the stock.

In other Landmark Bancorp news, Director Patrick L. Alexander sold 2,500 shares of the firm’s stock in a transaction dated Thursday, March 3rd. The shares were sold at an average price of $27.26, for a total value of $68,150.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 17.10% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Petiole USA ltd bought a new stake in shares of Landmark Bancorp during the fourth quarter valued at approximately $294,000. BOKF NA bought a new stake in Landmark Bancorp during the third quarter worth approximately $530,000. LSV Asset Management raised its holdings in Landmark Bancorp by 5.0% during the fourth quarter. LSV Asset Management now owns 12,717 shares of the financial services provider’s stock worth $362,000 after purchasing an additional 603 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Landmark Bancorp by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 163,180 shares of the financial services provider’s stock worth $4,518,000 after purchasing an additional 2,618 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Landmark Bancorp by 180.6% during the third quarter. The Manufacturers Life Insurance Company now owns 132,521 shares of the financial services provider’s stock worth $3,795,000 after purchasing an additional 85,287 shares in the last quarter. 25.89% of the stock is currently owned by institutional investors.

LARK opened at $25.00 on Wednesday. The business’s 50 day moving average is $26.21 and its 200-day moving average is $27.60. The stock has a market cap of $124.73 million, a PE ratio of 6.94 and a beta of 0.41. The company has a current ratio of 0.66, a quick ratio of 0.65 and a debt-to-equity ratio of 0.18. Landmark Bancorp has a twelve month low of $24.40 and a twelve month high of $31.50.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 25th. Stockholders of record on Wednesday, May 11th will be issued a dividend of $0.21 per share. The ex-dividend date is Tuesday, May 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.36%. Landmark Bancorp’s dividend payout ratio (DPR) is presently 23.32%.

Landmark Bancorp Company Profile (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.

Further Reading