Landmark Bancorp (NASDAQ:LARK) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Landmark Bancorp Inc. (NASDAQ:LARK) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.28 and traded as low as $23.72. Landmark Bancorp shares last traded at $23.88, with a volume of 3,444 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Landmark Bancorp in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Landmark Bancorp currently has an average rating of “Hold”.

Landmark Bancorp Price Performance

The stock’s 50-day moving average is $26.69 and its 200 day moving average is $26.29. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $145.05 million, a PE ratio of 7.79 and a beta of 0.29.

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

Landmark Bancorp Increases Dividend

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

Institutional Investors Weigh In On Landmark Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted 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 acquiring an additional 1,547 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Landmark Bancorp during the first quarter valued at about $213,000. Empowered Funds LLC raised its position in shares of Landmark Bancorp by 2.6% in 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 purchased a new position in shares of Landmark Bancorp in the 1st quarter valued at approximately $308,000. Finally, Geode Capital Management LLC boosted its stake in 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 worth $2,740,000 after purchasing an additional 56,899 shares in the last quarter. 25.66% of the stock is currently owned by hedge funds and other institutional investors.

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.