Landmark Bancorp (NASDAQ:LARK) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Landmark Bancorp Inc. (NASDAQ:LARK)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $28.41 and traded as high as $31.75. Landmark Bancorp shares last traded at $30.71, with a volume of 7,955 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Landmark Bancorp in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Landmark Bancorp Trading Down 3.3%

The business has a 50 day moving average of $28.41 and a two-hundred day moving average of $27.30. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $187.27 million, a price-to-earnings ratio of 9.83 and a beta of 0.41.

Landmark Bancorp (NASDAQ:LARK) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter. Landmark Bancorp had a return on equity of 12.22% and a net margin of 19.67%.The business had revenue of $18.79 million for the quarter.

Landmark Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, May 14th. Landmark Bancorp’s dividend payout ratio (DPR) is currently 26.92%.

Insiders Place Their Bets

In other Landmark Bancorp news, Director Jim Lewis sold 900 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $29.48, for a total transaction of $26,532.00. Following the completion of the sale, the director owned 153,196 shares in the company, valued at approximately $4,516,218.08. The trade was a 0.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Patrick L. Alexander sold 3,300 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $28.51, for a total transaction of $94,083.00. Following the transaction, the director owned 700 shares in the company, valued at approximately $19,957. The trade was a 82.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 7,672 shares of company stock worth $219,563. 12.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Landmark Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp raised its holdings in shares of Landmark Bancorp by 341.5% in the 1st quarter. Jones Financial Companies Lllp now owns 2,000 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 1,547 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in Landmark Bancorp during the 1st quarter valued at about $213,000. Empowered Funds LLC boosted its stake in Landmark Bancorp by 2.6% during the 1st quarter. Empowered Funds LLC now owns 14,933 shares of the financial services provider’s stock valued at $407,000 after purchasing an additional 377 shares during the last quarter. Jane Street Group LLC bought a new stake in Landmark Bancorp during the 1st quarter worth approximately $308,000. Finally, Geode Capital Management LLC increased its holdings in Landmark Bancorp by 121.8% during the 2nd quarter. Geode Capital Management LLC now owns 103,618 shares of the financial services provider’s stock worth $2,740,000 after purchasing an additional 56,899 shares in the last quarter. 25.66% of the stock is 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.