StockNews.com Initiates Coverage on Landmark Bancorp (NASDAQ:LARK)

Investment analysts at StockNews.com initiated coverage on shares of Landmark Bancorp (NASDAQ:LARK) in a report released on Saturday. The firm set a “hold” rating on the financial services provider’s stock.

Landmark Bancorp Price Performance

LARK opened at $24.94 on Friday. The business has a fifty day moving average of $21.25 and a 200 day moving average of $20.30. The stock has a market cap of $137.17 million, a P/E ratio of 11.04 and a beta of 0.43. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.81. Landmark Bancorp has a 52-week low of $17.90 and a 52-week high of $25.00.

Institutional Investors Weigh In On Landmark Bancorp

Several large investors have recently added to or reduced their stakes in the stock. CGN Advisors LLC purchased a new stake in shares of Landmark Bancorp in the second quarter valued at approximately $202,000. Empowered Funds LLC raised its position in Landmark Bancorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 13,613 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 670 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Landmark Bancorp during the 2nd quarter valued at $338,000. Finally, De Lisle Partners LLP lifted its holdings in shares of Landmark Bancorp by 78.1% in the 3rd quarter. De Lisle Partners LLP now owns 67,595 shares of the financial services provider’s stock worth $1,369,000 after buying an additional 29,637 shares during the period. 25.66% of the stock is owned by hedge funds and other institutional investors.

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.