Landmark Bancorp (NASDAQ:LARK) Stock Passes Below 200-Day Moving Average – Here’s Why

Landmark Bancorp Inc. (NASDAQ:LARK)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $25.67 and traded as low as $25.07. Landmark Bancorp shares last traded at $25.77, with a volume of 4,540 shares.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Landmark Bancorp in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Landmark Bancorp Price Performance

The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.72. The firm has a market cap of $156.42 million, a price-to-earnings ratio of 9.08 and a beta of 0.29. The stock has a 50-day moving average of $26.96 and a two-hundred day moving average of $25.67.

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

Landmark Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were issued a dividend of $0.20 per share. The ex-dividend date was Wednesday, November 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.1%. Landmark Bancorp’s payout ratio is currently 28.17%.

Insider Activity at Landmark Bancorp

In related news, Director Patrick L. Alexander sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $28.54, for a total value of $256,860.00. Following the completion of the transaction, the director owned 71,519 shares of the company’s stock, valued at approximately $2,041,152.26. This trade represents a 11.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 12.80% of the company’s stock.

Institutional Trading of Landmark Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in shares of Landmark Bancorp by 121.8% in the 2nd quarter. Geode Capital Management LLC now owns 103,618 shares of the financial services provider’s stock valued at $2,740,000 after purchasing an additional 56,899 shares during the period. Jane Street Group LLC purchased a new position in Landmark Bancorp during the first quarter valued at approximately $308,000. Millennium Management LLC purchased a new position in Landmark Bancorp during the third quarter valued at approximately $256,000. Goldman Sachs Group Inc. acquired a new position in Landmark Bancorp in the 1st quarter valued at approximately $213,000. Finally, Creative Planning purchased a new stake in Landmark Bancorp in the 3rd quarter worth approximately $201,000. Institutional investors and hedge funds own 25.66% of the company’s stock.

About Landmark Bancorp

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.