Landmark Bancorp (NASDAQ:LARK) Stock Passes Below 200-Day Moving Average – Should You Sell?

Landmark Bancorp Inc. (NASDAQ:LARK)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.33 and traded as low as $23.57. Landmark Bancorp shares last traded at $24.31, with a volume of 6,201 shares trading hands.

Analyst Ratings Changes

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

Landmark Bancorp Trading Up 2.2%

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 company has a market cap of $147.66 million, a PE ratio of 7.93 and a beta of 0.29. The stock has a 50 day moving average price of $26.86 and a 200 day moving average price of $26.33.

Landmark Bancorp (NASDAQ:LARK) last issued its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $0.77 earnings per share for the quarter. The company had revenue of $18.69 million for the quarter. Landmark Bancorp had a return on equity of 12.61% and a net margin of 19.56%.

Landmark Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Thursday, February 12th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.5%. This is a positive change from Landmark Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, February 12th. Landmark Bancorp’s dividend payout ratio is presently 27.36%.

Hedge Funds Weigh In On Landmark Bancorp

Several large investors have recently modified their holdings of LARK. BNP Paribas Financial Markets grew its position in Landmark Bancorp by 55.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,103 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 392 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Landmark Bancorp by 341.5% in the first quarter. Jones Financial Companies Lllp now owns 2,000 shares of the financial services provider’s stock worth $54,000 after buying an additional 1,547 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Landmark Bancorp by 8,612.0% in the second quarter. JPMorgan Chase & Co. now owns 2,178 shares of the financial services provider’s stock worth $58,000 after buying an additional 2,153 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Landmark Bancorp during the second quarter valued at approximately $66,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of Landmark Bancorp during the second quarter valued at approximately $108,000. Hedge funds and other institutional investors own 25.66% of the company’s stock.

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.