Landmark Bancorp Stock to Split on Monday, December 1st (NASDAQ:LARK)

Shares of Landmark Bancorp Inc. (NASDAQ:LARK) are scheduled to split on the morning of Monday, December 1st. The 1.05-1 split was recently announced. The newly created shares will be payable to shareholders after the market closes on Sunday, November 30th.

Landmark Bancorp Trading Up 0.7%

NASDAQ:LARK opened at $26.78 on Wednesday. The business’s 50-day moving average price is $26.36 and its two-hundred day moving average price is $26.83. Landmark Bancorp has a 1-year low of $20.75 and a 1-year high of $31.04. The firm has a market capitalization of $154.87 million, a price-to-earnings ratio of 8.99 and a beta of 0.31. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19.

Landmark Bancorp (NASDAQ:LARK) last issued its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter. Landmark Bancorp had a net margin of 18.32% and a return on equity of 12.73%. The firm had revenue of $18.16 million during the quarter.

Landmark Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be given a $0.21 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $0.84 annualized dividend and a dividend yield of 3.1%. Landmark Bancorp’s payout ratio is currently 28.19%.

Analyst Ratings Changes

Several brokerages have recently issued reports on LARK. Weiss Ratings reissued a “hold (c)” rating on shares of Landmark Bancorp in a research report on Thursday, November 13th. Wall Street Zen cut Landmark Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Landmark Bancorp currently has an average rating of “Hold”.

Hedge Funds Weigh In On Landmark Bancorp

A number of hedge funds have recently added to or reduced their stakes in LARK. Private Advisor Group LLC increased its holdings in Landmark Bancorp by 3.4% in the 1st quarter. Private Advisor Group LLC now owns 14,449 shares of the financial services provider’s stock valued at $394,000 after buying an additional 480 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of 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 purchasing an additional 1,547 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Landmark Bancorp during the 1st quarter worth approximately $213,000. Empowered Funds LLC grew its stake in shares of Landmark Bancorp by 2.6% in the first quarter. Empowered Funds LLC now owns 14,933 shares of the financial services provider’s stock worth $407,000 after purchasing an additional 377 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Landmark Bancorp in the 1st quarter valued at about $308,000. Institutional investors own 25.66% of the company’s stock.

About Landmark Bancorp

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 provides 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, such as automobile, boat, and home improvement and home equity loans, as well as insurance, and mobile and online banking services.