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

Landmark Bancorp Inc. (NASDAQ:LARK) will undergo a 1.05-1 stock split on December 1st. New shares will be issued after market close on November 30th. The company recently reported quarterly earnings of $0.85 per share, with a net margin of 18.32%. Landmark Bancorp also announced a quarterly dividend of $0.21, yielding 3.1%. Analysts have downgraded the stock to 'hold'. Hedge funds have increased their positions in the company, which offers various financial services.

Shares of Landmark Bancorp Inc. (NASDAQ:LARK - Free Report) are set to split on the morning of Monday, December 1st. The 1.05-1 split was recently announced. The newly issued shares will be issued to shareholders after the closing bell on Sunday, November 30th.

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Landmark Bancorp Price Performance

NASDAQ:LARK opened at $27.10 on Friday. The business's 50-day moving average is $26.37 and its 200 day moving average is $26.90. Landmark Bancorp has a 12 month low of $20.75 and a 12 month high of $31.04. The company has a market capitalization of $156.72 million, a P/E ratio of 9.09 and a beta of 0.31. 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 - Get Free Report) last released its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $0.85 earnings per share for the quarter. Landmark Bancorp had a return on equity of 12.73% and a net margin of 18.32%.The business had revenue of $18.16 million during the quarter.

Landmark Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. Landmark Bancorp's dividend payout ratio (DPR) is 28.19%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Landmark Bancorp from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Weiss Ratings restated a "hold (c)" rating on shares of Landmark Bancorp in a report on Thursday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold".

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Hedge Funds Weigh In On Landmark Bancorp

A number of large investors have recently made changes to their positions in LARK. BNP Paribas Financial Markets grew its holdings in Landmark Bancorp by 55.1% during 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 during the last quarter. Jones Financial Companies Lllp boosted its position 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 valued at $54,000 after buying an additional 1,547 shares during the period. 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 valued at $58,000 after buying an additional 2,153 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Landmark Bancorp during the second quarter valued at approximately $66,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of Landmark Bancorp in the second quarter worth approximately $108,000. 25.66% of the stock is owned by hedge funds and other institutional investors.

About Landmark Bancorp

(Get Free Report)

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.

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