Landmark Bancorp (NASDAQ:LARK) Stock Passes Above 50 Day Moving Average – Here’s Why

Landmark Bancorp Inc. (NASDAQ:LARK)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $26.28 and traded as high as $28.70. Landmark Bancorp shares last traded at $28.20, with a volume of 6,818 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Landmark Bancorp in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Landmark Bancorp currently has an average rating of “Hold”.

Landmark Bancorp Stock Performance

The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.72. The business has a 50 day simple moving average of $26.28 and a two-hundred day simple moving average of $25.57. The firm has a market cap of $171.46 million, a PE ratio of 9.94 and a beta of 0.27.

Landmark Bancorp (NASDAQ:LARK) last issued its earnings results on Wednesday, October 29th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter. The firm had revenue of $18.16 million during the quarter. Landmark Bancorp had a net margin of 18.32% and a return on equity of 12.44%.

Landmark Bancorp Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.8%. Landmark Bancorp’s dividend payout ratio (DPR) is 28.17%.

Insider Buying and Selling at Landmark Bancorp

In other Landmark Bancorp news, Director Patrick L. Alexander sold 9,000 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $28.54, for a total value of $256,860.00. Following the completion of the sale, the director directly owned 71,519 shares in the company, valued at approximately $2,041,152.26. This represents a 11.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 12.80% of the company’s stock.

Institutional Trading of Landmark Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in LARK. Goldman Sachs Group Inc. bought a new stake in shares of Landmark Bancorp in the 1st quarter valued at about $213,000. Vanguard Group Inc. increased its holdings in Landmark Bancorp by 1.5% during the third quarter. Vanguard Group Inc. now owns 240,289 shares of the financial services provider’s stock valued at $6,413,000 after buying an additional 3,625 shares during the period. JPMorgan Chase & Co. raised its stake in Landmark Bancorp by 72.8% in the third quarter. JPMorgan Chase & Co. now owns 3,764 shares of the financial services provider’s stock worth $100,000 after buying an additional 1,586 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings in Landmark Bancorp by 3.4% during the second quarter. Bridgeway Capital Management LLC now owns 42,213 shares of the financial services provider’s stock worth $1,116,000 after buying an additional 1,370 shares during the period. Finally, Bank of America Corp DE boosted its position in Landmark Bancorp by 19.0% during the 2nd quarter. Bank of America Corp DE now owns 13,982 shares of the financial services provider’s stock valued at $370,000 after acquiring an additional 2,235 shares in the last quarter. 25.66% of the stock is currently owned by institutional investors.

Landmark Bancorp Company Profile

Landmark Bancorp, Inc is the bank holding company for Landmark Community Bank, a community‐focused financial institution. The company provides a full range of deposit and lending products through its subsidiary, including checking and savings accounts, certificates of deposit, residential mortgages, home equity lines of credit and small business loans. Landmark Bancorp emphasizes personalized service, leveraging local decision-making to meet the unique needs of individuals and local enterprises.

In addition to traditional deposit and lending services, Landmark Bancorp offers comprehensive cash-management and treasury solutions for commercial clients.