Landmark Bancorp (NASDAQ:LARK) Director Patrick Alexander Sells 1,000 Shares of Stock

Landmark Bancorp Inc. (NASDAQ:LARK) Director Patrick Alexander sold 1,000 shares of Landmark Bancorp stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $32.50, for a total transaction of $32,500.00. Following the sale, the director owned 69,768 shares in the company, valued at approximately $2,267,460. This represents a 1.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Landmark Bancorp Trading Down 1.4%

LARK opened at $31.90 on Wednesday. Landmark Bancorp Inc. has a fifty-two week low of $23.57 and a fifty-two week high of $34.60. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.86. The firm has a market capitalization of $194.59 million, a price-to-earnings ratio of 9.47 and a beta of 0.39. The company’s 50 day moving average price is $31.86 and its two-hundred day moving average price is $29.26.

Landmark Bancorp shares are set to split before the market opens on Wednesday, December 2nd. The 1.05-1 split was recently announced. The newly minted shares will be distributed to shareholders after the market closes on Tuesday, December 1st.

Landmark Bancorp (NASDAQ:LARK) last released its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.89. Landmark Bancorp had a net margin of 21.19% and a return on equity of 12.68%. The firm had revenue of $19.24 million during the quarter, compared to the consensus estimate of $19.10 million. As a group, research analysts predict that Landmark Bancorp Inc. will post 3.46 earnings per share for the current year.

Landmark Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Thursday, November 12th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, November 12th. Landmark Bancorp’s dividend payout ratio is presently 24.93%.

Wall Street Analyst Weigh In

LARK has been the topic of several recent research reports. Wall Street Zen raised Landmark Bancorp from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Weiss Ratings raised Landmark Bancorp from a “buy (b)” rating to a “buy (a-)” rating in a research note on Friday, October 16th. Finally, Zacks Research raised Landmark Bancorp to a “hold” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC acquired a new stake in shares of Landmark Bancorp during the second quarter worth $225,000. Empowered Funds LLC bought a new position in Landmark Bancorp during the second quarter worth $772,000. The Manufacturers Life Insurance Company bought a new position in Landmark Bancorp during the second quarter worth $9,178,000. Sanctuary Advisors LLC acquired a new position in Landmark Bancorp in the second quarter valued at $362,000. Finally, De Lisle Partners LLP acquired a new position in Landmark Bancorp in the second quarter valued at $1,724,000. Institutional investors and hedge funds own 25.66% of the company’s stock.

Landmark Bancorp Company Profile

Landmark Bancorp, Inc is a bank holding company headquartered in Manhattan, Kansas. Through its principal subsidiary, Landmark National Bank, the company provides community banking services to individuals, families, farmers, and businesses.

Landmark National Bank offers a range of financial products, including checking and savings accounts, certificates of deposit, consumer loans, residential and commercial real estate loans, agricultural lending, and business financing. The bank also provides online and mobile banking, treasury management, wealth management, and other services designed to support personal and commercial financial needs.

The company serves communities primarily across Kansas through a network of banking locations and electronic delivery channels.