Research analysts at StockNews.com began coverage on shares of Landmark Bancorp (NASDAQ:LARK – Get Rating) in a research report issued to clients and investors on Saturday. The brokerage set a “buy” rating on the financial services provider’s stock.
Landmark Bancorp Stock Performance
Shares of NASDAQ LARK opened at $26.45 on Friday. The company has a market cap of $131.62 million, a PE ratio of 11.21 and a beta of 0.32. Landmark Bancorp has a 12 month low of $24.16 and a 12 month high of $31.50. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.63 and a quick ratio of 0.63. The company has a 50-day simple moving average of $25.70 and a 200-day simple moving average of $25.48.
Insider Activity at Landmark Bancorp
In related news, Director Patrick L. Alexander sold 1,382 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $26.57, for a total value of $36,719.74. Following the completion of the sale, the director now directly owns 90,875 shares in the company, valued at $2,414,548.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Patrick L. Alexander sold 1,382 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $26.57, for a total value of $36,719.74. Following the completion of the sale, the director now directly owns 90,875 shares in the company, valued at $2,414,548.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Patrick L. Alexander sold 1,103 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $26.04, for a total transaction of $28,722.12. Following the completion of the sale, the director now owns 96,914 shares of the company’s stock, valued at $2,523,640.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,245 shares of company stock worth $85,673. 17.10% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of LARK. Vanguard Group Inc. lifted its position in Landmark Bancorp by 1.5% during the first quarter. Vanguard Group Inc. now owns 135,627 shares of the financial services provider’s stock valued at $3,571,000 after buying an additional 2,019 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Landmark Bancorp by 19.6% during the first quarter. The Manufacturers Life Insurance Company now owns 216,907 shares of the financial services provider’s stock valued at $5,711,000 after buying an additional 35,622 shares in the last quarter. US Bancorp DE acquired a new position in Landmark Bancorp during the second quarter valued at approximately $60,000. Finally, UBS Group AG lifted its position in shares of Landmark Bancorp by 17.1% during the second quarter. UBS Group AG now owns 4,444 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 648 shares in the last quarter. 21.85% of the stock is owned by institutional investors and hedge funds.
Landmark Bancorp Company Profile
Landmark Bancorp, Inc operates as the financial holding company for Landmark National Bank that provides various financial and banking services to its local communities. It offers non-interest bearing demand, money market, checking, and savings accounts, as well as certificates of deposit. The company also one-to-four family residential real estate, construction and land, commercial real estate, commercial, paycheck protection program, municipal, and agriculture loans; and consumer and other loans, including automobile, boat, and home improvement and home equity loans, as well as insurance, and mobile and online banking services.
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