Landmark Bancorp (NASDAQ:LARK) Stock Rating Upgraded by Zacks Research

Landmark Bancorp (NASDAQ:LARK) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Several other brokerages have also recently issued reports on LARK. Weiss Ratings upgraded shares of Landmark Bancorp from a “hold (c)” rating to a “buy (b)” rating in a report on Wednesday, July 8th. Wall Street Zen raised Landmark Bancorp from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Landmark Bancorp Stock Performance

NASDAQ:LARK opened at $31.63 on Tuesday. Landmark Bancorp has a 1-year low of $23.19 and a 1-year high of $32.39. The company has a market capitalization of $192.94 million, a price-to-earnings ratio of 9.62 and a beta of 0.39. The business has a 50 day moving average of $30.25 and a 200 day moving average of $28.03. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.85 and a quick ratio of 0.85.

Landmark Bancorp (NASDAQ:LARK) last released its earnings results on Wednesday, July 29th. The financial services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.83 by $0.05. Landmark Bancorp had a net margin of 20.56% and a return on equity of 12.63%. The company had revenue of $19.18 million for the quarter, compared to analyst estimates of $0.06 million. On average, sell-side analysts predict that Landmark Bancorp will post 3.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Landmark Bancorp news, Director Patrick L. Alexander sold 3,300 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $28.51, for a total transaction of $94,083.00. Following the transaction, the director directly owned 700 shares of the company’s stock, valued at approximately $19,957. The trade was a 82.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jim Lewis sold 900 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $29.48, for a total transaction of $26,532.00. Following the completion of the transaction, the director owned 153,196 shares of the company’s stock, valued at $4,516,218.08. This trade represents a 0.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 7,672 shares of company stock valued at $219,563 in the last ninety days. 9.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Landmark Bancorp

A number of large investors have recently modified their holdings of LARK. BNP Paribas Financial Markets increased its position in shares of Landmark Bancorp by 55.1% during the third quarter. BNP Paribas Financial Markets now owns 1,103 shares of the financial services provider’s stock valued at $29,000 after buying an additional 392 shares during the period. Jones Financial Companies Lllp raised its stake 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 buying an additional 1,547 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Landmark Bancorp by 8,612.0% in the second quarter. JPMorgan Chase & Co. now owns 2,178 shares of the financial services provider’s stock worth $58,000 after buying an additional 2,153 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Landmark Bancorp in the second quarter worth about $66,000. Finally, New York State Common Retirement Fund purchased a new stake in Landmark Bancorp in the second quarter worth about $108,000. Institutional investors own 25.66% of the company’s stock.

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.