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

Landmark Bancorp Inc. (NASDAQ:LARK)’s stock is going to split before the market opens on Monday, December 1st. The 1.05-1 split was recently announced. The newly created shares will be issued to shareholders after the closing bell on Sunday, November 30th.

Landmark Bancorp Price Performance

Shares of NASDAQ:LARK opened at $28.27 on Friday. The firm has a market capitalization of $163.71 million, a PE ratio of 9.49 and a beta of 0.31. Landmark Bancorp has a 1-year low of $21.25 and a 1-year high of $31.04. The business’s 50 day moving average is $26.42 and its 200-day moving average is $26.81. 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 posted its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter. The company had revenue of $18.16 million for the quarter. Landmark Bancorp had a net margin of 18.32% and a return on equity of 12.73%.

Landmark Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $0.84 annualized dividend and a yield of 3.0%. Landmark Bancorp’s payout ratio is 28.19%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Landmark Bancorp in a research note on Wednesday. Wall Street Zen lowered Landmark Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Landmark Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in 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. Jane Street Group LLC bought a new stake in Landmark Bancorp in the first quarter valued at approximately $308,000. Millennium Management LLC acquired a new stake in shares of Landmark Bancorp in the third quarter valued at approximately $256,000. Goldman Sachs Group Inc. bought a new position in shares of Landmark Bancorp during the 1st quarter worth approximately $213,000. Finally, Creative Planning bought a new position in shares of Landmark Bancorp during the 3rd quarter worth approximately $201,000. 25.66% of the stock is owned by 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.