Landmark Bancorp (NASDAQ:LARK) Rating Increased to Buy at Wall Street Zen

Landmark Bancorp (NASDAQ:LARK) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

Separately, Weiss Ratings upgraded shares of Landmark Bancorp from a “hold (c)” rating to a “buy (b)” rating in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Landmark Bancorp Trading Up 1.0%

Shares of NASDAQ LARK traded up $0.30 during mid-day trading on Friday, reaching $30.43. 10,834 shares of the company’s stock were exchanged, compared to its average volume of 19,737. The firm has a market capitalization of $185.62 million, a price-to-earnings ratio of 9.74 and a beta of 0.39. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.85 and a current ratio of 0.85. Landmark Bancorp has a 52-week low of $22.56 and a 52-week high of $32.39. The company’s 50-day moving average is $28.96 and its 200-day moving average is $27.43.

Landmark Bancorp (NASDAQ:LARK) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter. Landmark Bancorp had a return on equity of 12.22% and a net margin of 19.67%.The firm had revenue of $18.79 million during the quarter.

Insider Transactions at Landmark Bancorp

In other news, Director Jim Lewis sold 900 shares of the business’s stock in a transaction dated 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 directly owned 153,196 shares of the company’s stock, valued at approximately $4,516,218.08. The trade was a 0.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Patrick L. Alexander sold 3,300 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $28.51, for a total transaction of $94,083.00. Following the sale, the director owned 700 shares in the company, valued at $19,957. The trade was a 82.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,672 shares of company stock worth $219,563 in the last ninety days. 12.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its holdings in shares of Landmark Bancorp by 55.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,103 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 392 shares in the last quarter. Jones Financial Companies Lllp grew 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 worth $54,000 after purchasing an additional 1,547 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Landmark Bancorp by 8,612.0% during the second quarter. JPMorgan Chase & Co. now owns 2,178 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 2,153 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Landmark Bancorp in the second quarter valued at $66,000. Finally, New York State Common Retirement Fund purchased a new position in Landmark Bancorp in the second quarter valued at $108,000. Institutional investors and hedge funds own 25.66% of the company’s stock.

Landmark Bancorp Company Profile

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.