Insider Selling: Landmark Bancorp (NASDAQ:LARK) Director Sells 900 Shares of Stock

Landmark Bancorp Inc. (NASDAQ:LARK) Director Jim Lewis sold 900 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $29.48, for a total transaction of $26,532.00. Following the sale, the director owned 153,196 shares in the company, valued at $4,516,218.08. This represents a 0.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Jim Lewis also recently made the following trade(s):

• On Thursday, June 11th, Jim Lewis sold 367 shares of Landmark Bancorp stock. The shares were sold at an average price of $29.08, for a total transaction of $10,672.36.
• On Wednesday, June 10th, Jim Lewis sold 98 shares of Landmark Bancorp stock. The shares were sold at an average price of $29.10, for a total transaction of $2,851.80.
• On Tuesday, June 9th, Jim Lewis sold 25 shares of Landmark Bancorp stock. The stock was sold at an average price of $29.00, for a total transaction of $725.00.
• On Thursday, May 28th, Jim Lewis sold 800 shares of Landmark Bancorp stock. The stock was sold at an average price of $28.14, for a total transaction of $22,512.00.

Landmark Bancorp Trading Up 3.4%

Landmark Bancorp stock traded up $1.00 during midday trading on Friday, reaching $30.00. The stock had a trading volume of 14,194 shares, compared to its average volume of 7,125. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.55. Landmark Bancorp Inc. has a 52-week low of $22.31 and a 52-week high of $30.00. The firm has a market cap of $182.94 million, a price-to-earnings ratio of 9.60 and a beta of 0.41. The company has a fifty day moving average of $27.45 and a 200 day moving average of $27.09.

Landmark Bancorp (NASDAQ:LARK) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.83 earnings per share for the quarter. Landmark Bancorp had a net margin of 19.67% and a return on equity of 12.22%. The company had revenue of $18.79 million for the quarter.

Landmark Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, May 14th. Landmark Bancorp’s dividend payout ratio is 26.92%.

Institutional Trading of Landmark Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the stock. Empowered Funds LLC raised its stake in shares of Landmark Bancorp by 9.6% during the first quarter. Empowered Funds LLC now owns 23,425 shares of the financial services provider’s stock valued at $581,000 after acquiring an additional 2,053 shares in the last quarter. First Manhattan CO. LLC. raised its stake in shares of Landmark Bancorp by 5.0% during the fourth quarter. First Manhattan CO. LLC. now owns 20,475 shares of the financial services provider’s stock valued at $536,000 after acquiring an additional 975 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in shares of Landmark Bancorp by 9.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 48,575 shares of the financial services provider’s stock valued at $1,272,000 after acquiring an additional 4,188 shares in the last quarter. Barclays PLC raised its stake in shares of Landmark Bancorp by 43.0% during the fourth quarter. Barclays PLC now owns 9,196 shares of the financial services provider’s stock valued at $241,000 after acquiring an additional 2,766 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Landmark Bancorp by 12.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 305,333 shares of the financial services provider’s stock valued at $7,997,000 after acquiring an additional 33,610 shares in the last quarter. Institutional investors own 25.66% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Landmark Bancorp in a research report on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

About Landmark Bancorp

Landmark Bancorp, Inc is the bank holding company for Landmark Community Bank, a community‐focused financial institution. The company provides a full range of deposit and lending products through its subsidiary, including checking and savings accounts, certificates of deposit, residential mortgages, home equity lines of credit and small business loans. Landmark Bancorp emphasizes personalized service, leveraging local decision-making to meet the unique needs of individuals and local enterprises.

In addition to traditional deposit and lending services, Landmark Bancorp offers comprehensive cash-management and treasury solutions for commercial clients.