Landmark Bancorp LARK Commences Coverage by StockNews.com Analysts

Landmark Bancorp, Inc., trading under the ticker LARK on the NASDAQ, has garnered attention as StockNews.com initiates coverage on the company's shares. On a report released on November 12th, 2023, the financial services provider has been given a neutral 'hold' rating, signifying a cautious perspective regarding the stock's immediate growth potential.

Analyst Ratings Impact

Alongside StockNews.com's recent assessment, there has been another notable rating change for Landmark Bancorp by TheStreet, which downgraded LARK from a 'b-' rating to a 'c+' rating. These evaluations by financial analysts play a crucial role in providing investors with an informed outlook on the company's future performance. Previous and current ratings influence investor sentiment and can subsequently impact the stock's market price.

Performance and Market Activity

In terms of market performance, LARK opened at $18.93 as observed on the preceding Friday. The company boasts a market capitalization of approximately $98.83 million, with a price-to-earnings ratio of 9.19 and a beta of 0.34. Landmark Bancorp's stock price fluctuated between a 52-week low of $16.49 and a high of $25.65. Over the past periods, the company's shares have stabilized around a 50-day moving average price of $18.10 and a 200-day moving average price of $19.89.

Institutional Investments

Notable movements within institutional investments have been observed in LARK, signaling confidence amongst major investors. BlackRock Inc., denoted by the ticker BLK, has increased its holdings in Landmark Bancorp by 42.7% in the second quarter, signalling a significant show of support from the investment management giant. Private Advisor Group LLC, and Royce & Associates LP are among other key investors aligning with Landmark Bancorp. In aggregate, institutional investors hold 17.35% of the company's shares, indicating a level of institutional confidence in the firm.

Company Fundamentals

Delving into the fundamentals of Landmark Bancorp, the company, headquartered in Manhattan, Kansas, operates as the holding entity for Landmark National Bank. It offers an array of financial and banking services including checking and savings accounts, various loan options such as residential real estate and commercial loans, as well as convenient mobile and online banking solutions. These offerings are tailored to meet the needs of their local communities and contribute to the company's overall financial profile.

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