Landmark Bancorp (LARK) Downgraded to “C” at TheStreet

TheStreet downgraded shares of Landmark Bancorp (NASDAQ:LARK) from a b- rating to a c rating in a research note published on Friday morning.

Landmark Bancorp (NASDAQ LARK) traded up $0.79 during mid-day trading on Friday, hitting $29.11. 1,100 shares of the company traded hands, compared to its average volume of 2,154. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.63 and a quick ratio of 0.62. Landmark Bancorp has a fifty-two week low of $26.00 and a fifty-two week high of $32.40. The firm has a market capitalization of $115.19, a P/E ratio of 29.15 and a beta of 0.48.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.75%. Landmark Bancorp’s dividend payout ratio (DPR) is presently 78.24%.

Several hedge funds have recently added to or reduced their stakes in the stock. Royce & Associates LP grew its stake in shares of Landmark Bancorp by 38.4% in the third quarter. Royce & Associates LP now owns 69,864 shares of the financial services provider’s stock valued at $1,974,000 after acquiring an additional 19,383 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Landmark Bancorp by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 105,997 shares of the financial services provider’s stock valued at $3,265,000 after acquiring an additional 1,384 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Landmark Bancorp by 2.9% in the second quarter. Northern Trust Corp now owns 15,543 shares of the financial services provider’s stock valued at $466,000 after acquiring an additional 432 shares in the last quarter. Institutional investors and hedge funds own 17.63% of the company’s stock.

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Landmark Bancorp Company Profile

Landmark Bancorp, Inc is the bank holding company for Landmark National Bank (the Bank). The Bank is principally engaged in the business of attracting deposits from the general public and using such deposits, together with borrowings and other funds, to originate one- to four-family residential real estate, construction and land, commercial real estate, commercial, agriculture, municipal and consumer loans.

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