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On August 20, 2023, stock analysts at StockNews.com released a report initiating coverage on Landmark Bancorp (NASDAQ:LARK), a financial services provider. The brokerage assigned a “buy” rating to the company’s stock.
Landmark Bancorp operates as the financial holding company for Landmark National Bank and offers various financial and banking services to its local communities. These services include non-interest bearing demand, money market, checking, and savings accounts, as well as certificates of deposit. The company also provides loans for residential real estate, construction and land, commercial real estate, commercial projects under paycheck protection program, municipal purposes, and agriculture. In addition, Landmark Bancorp offers consumer loans such as automobile, boat, home improvement, and home equity loans. The company also provides insurance, mobile banking services.
Shares of Landmark Bancorp (NASDAQ:LARK) opened at $20.46 on Friday. The company has a quick ratio of 0.70 and a current ratio of 0.72. It has a debt-to-equity ratio of 0.83. With a market capitalization of $106.80 million and a PE ratio of 10.30, the firm operates with a beta of 0.32. Currently its 50-day moving average price is $21.40 while its two-hundred-day moving average price is $21.40.
Over the past year until now, Landmark Bancorp experienced both lows and highs in its stock value with a range between $19.15 and $25.90.
Investors interested in the financial sector may find Landmark Bancorp an intriguing option based on StockNews.com’s “buy” rating for the stock.
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Landmark Bancorp Receives Upgrade and Director Richard Ball Increases Shareholdings – August 2023
August 20, 2023
Landmark Bancorp Receives an Upgrade from TheStreet and Director Richard Ball Acquires Shares
In a recent research report by TheStreet, Landmark Bancorp has been upgraded from a “c+” rating to a “b-” rating. This financial holding company, which operates as the parent of Landmark National Bank, offers a wide range of financial and banking services to local communities.
Landmark Bancorp provides various types of accounts including non-interest bearing demand, money market, checking, and savings accounts, as well as certificates of deposit. Furthermore, the company offers different loan options such as residential real estate loans, construction and land loans, commercial real estate loans, paycheck protection program loans, municipal loans, agriculture loans, and consumer loans including automobile, boat, home improvement and home equity loans. In addition to these services and products, Landmark Bancorp also provides insurance offerings along with mobile and online banking facilities.
In other news related to Landmark Bancorp, on July 14th Director Richard Ball purchased 1,380 shares of Landmark Bancorp stock at an average price of $21.59 per share. This transaction amounted to a total of $29,794.20. As a result of this transaction, Director Richard Ball now holds 178,076 shares in the company valued at approximately $3.8 million. The SEC filing regarding this transaction can be accessed on the official SEC website. In the previous three months alone, insiders have bought a total of 3,884 shares worth $82,614. Corporate insiders currently own 17.50% of the company’s stock.
Various institutional investors and hedge funds have recently made changes in their positions regarding Landmark Bancorp’s stock. Royce & Associates LP increased its stake in the financial services provider by 1%, owning 52,668 shares valued at $1.08 million after purchasing an additional 497 shares in the last quarter. Susquehanna Fundamental Investments LLC raised its stake by 5% in the fourth quarter, owning 11,340 shares valued at $257,000 after purchasing an additional 540 shares during the same period. UBS Group AG increased its stake by 17.1% in the second quarter, currently holding 4,444 shares valued at $112,000 after acquiring an additional 648 shares. Geode Capital Management LLC also lifted its stake by 3.4% in the first quarter, now owning 27,460 shares valued at $567,000 after purchasing an additional 905 shares during that period. Finally, First Manhattan Co., increased its stake by 5% in the fourth quarter and now owns 19,609 shares valued at $444,000 after purchasing an additional 933 shares.
Institutional investors currently hold approximately 18.02% of Landmark Bancorp’s stock.
These recent developments reflect a growing confidence in Landmark Bancorp’s financial performance and future prospects. Investors and industry experts are keeping a close eye on this financial holding company as it continues to provide valuable financial and banking services to its local communities.
Please note that all data presented here is accurate as of August 20th, 2023.
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