Landmark Bancorp, Inc. (NASDAQ:LARK) Short Interest Up 20.9% in January

Landmark Bancorp, Inc. (NASDAQ:LARK) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 27,200 shares, an increase of 20.9% from the January 15th total of 22,500 shares. Based on an average trading volume of 5,700 shares, the short-interest ratio is currently 4.8 days. Approximately 0.7% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Landmark Bancorp in a report on Monday, February 10th. They issued a “hold” rating for the company.

Landmark Bancorp Stock Performance

Shares of NASDAQ LARK traded up $0.24 during trading hours on Friday, reaching $25.74. 10,664 shares of the stock were exchanged, compared to its average volume of 3,699. The stock’s fifty day simple moving average is $24.16 and its 200 day simple moving average is $22.06. Landmark Bancorp has a 52 week low of $17.05 and a 52 week high of $26.75. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.80. The firm has a market capitalization of $148.78 million, a price-to-earnings ratio of 11.36 and a beta of 0.46.

Landmark Bancorp (NASDAQ:LARK) last posted its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $0.71 earnings per share for the quarter. Landmark Bancorp had a return on equity of 10.51% and a net margin of 14.51%.

Landmark Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 19th will be paid a $0.21 dividend. This is an increase from Landmark Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, February 19th. This represents a $0.84 annualized dividend and a yield of 3.26%. Landmark Bancorp’s dividend payout ratio is presently 35.32%.

Insider Activity

In related news, Director Michael E. Scheopner sold 3,097 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $25.31, for a total value of $78,385.07. Following the sale, the director now owns 131,269 shares of the company’s stock, valued at $3,322,418.39. The trade was a 2.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Patrick L. Alexander sold 20,000 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $24.53, for a total value of $490,600.00. Following the completion of the sale, the director now directly owns 80,285 shares in the company, valued at approximately $1,969,391.05. This represents a 19.94 % decrease in their position. The disclosure for this sale can be found here. 17.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Landmark Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of LARK. CGN Advisors LLC boosted its position in Landmark Bancorp by 5.0% during the fourth quarter. CGN Advisors LLC now owns 11,045 shares of the financial services provider’s stock valued at $265,000 after buying an additional 526 shares during the period. Empowered Funds LLC increased its stake in shares of Landmark Bancorp by 5.2% during the third 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. Private Advisor Group LLC increased its position in shares of Landmark Bancorp by 5.0% during the fourth quarter. Private Advisor Group LLC now owns 13,969 shares of the financial services provider’s stock valued at $335,000 after acquiring an additional 660 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in shares of Landmark Bancorp by 5.0% during the fourth quarter. OneDigital Investment Advisors LLC now owns 14,053 shares of the financial services provider’s stock valued at $337,000 after acquiring an additional 671 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Landmark Bancorp during the second quarter valued at approximately $338,000. 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.