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

Shares of Landmark Bancorp Inc. (NASDAQ:LARK) passed 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 restated a “hold (c)” rating on shares of Landmark Bancorp in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Landmark Bancorp Trading Up 2.2%

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 stock’s 50-day moving average is $26.86 and its two-hundred day moving average is $26.33. The company has a market cap of $147.66 million, a P/E ratio of 7.93 and a beta of 0.29.

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

Landmark Bancorp Increases Dividend

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

Institutional Investors Weigh In On Landmark Bancorp

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