Landmark Bancorp (NASDAQ:LARK) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Shares of Landmark Bancorp Inc. (NASDAQ:LARK) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $27.94 and traded as high as $29.39. Landmark Bancorp shares last traded at $29.32, with a volume of 2,908 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 Friday, March 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Landmark Bancorp Trading Down 0.2%

The company has a market capitalization of $178.85 million, a PE ratio of 9.39 and a beta of 0.41. The company has a fifty day simple moving average of $27.94 and a 200-day simple moving average of $27.18. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.55.

Landmark Bancorp (NASDAQ:LARK) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.83 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 disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.9%. The ex-dividend date was Thursday, May 14th. Landmark Bancorp’s dividend payout ratio (DPR) is presently 26.92%.

Insider Activity

In other news, Director Patrick L. Alexander sold 3,300 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $28.51, for a total value of $94,083.00. Following the completion of the sale, the director owned 700 shares of the company’s stock, valued at $19,957. This represents a 82.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jim Lewis sold 900 shares of the stock in a transaction that occurred 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 directly owned 153,196 shares of the company’s stock, valued at approximately $4,516,218.08. This trade represents a 0.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 7,672 shares of company stock valued at $219,563. 12.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

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.