Landmark Bancorp (NASDAQ:LARK) Director Sells $98,085.00 in Stock

Landmark Bancorp Inc. (NASDAQ:LARK) Director Patrick Alexander sold 3,018 shares of the company’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $32.50, for a total value of $98,085.00. Following the completion of the sale, the director owned 67,443 shares of the company’s stock, valued at $2,191,897.50. This trade represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Landmark Bancorp Price Performance

Shares of Landmark Bancorp stock opened at $31.72 on Friday. The stock has a market cap of $193.49 million, a P/E ratio of 9.41 and a beta of 0.39. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.86 and a current ratio of 0.87. The stock’s fifty day moving average is $31.86 and its 200 day moving average is $29.35. Landmark Bancorp Inc. has a one year low of $23.57 and a one year high of $34.60.

Landmark Bancorp shares are going to split on the morning of Wednesday, December 2nd. The 1.05-1 split was recently announced. The newly minted shares will be payable 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. The business had revenue of $19.24 million during the quarter, compared to analyst estimates of $19.10 million. Landmark Bancorp had a return on equity of 12.68% and a net margin of 21.19%. Sell-side analysts anticipate 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 paid a dividend of $0.21 per share. The ex-dividend date is Thursday, November 12th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.6%. Landmark Bancorp’s payout ratio is 24.93%.

Institutional Investors Weigh In On Landmark Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC purchased a new stake in shares of Landmark Bancorp during the second quarter worth about $225,000. Empowered Funds LLC purchased a new position in Landmark Bancorp in the 2nd quarter worth approximately $772,000. The Manufacturers Life Insurance Company purchased a new position in Landmark Bancorp in the 2nd quarter worth approximately $9,178,000. Sanctuary Advisors LLC purchased a new position in Landmark Bancorp in the 2nd quarter worth approximately $362,000. Finally, De Lisle Partners LLP bought a new position in Landmark Bancorp in the 2nd quarter worth approximately $1,724,000. 25.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LARK shares. Wall Street Zen raised shares of Landmark Bancorp from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Weiss Ratings raised shares of Landmark Bancorp from a “buy (b)” rating to a “buy (a-)” rating in a report on Friday, October 16th. Finally, Zacks Research raised shares of Landmark Bancorp to a “hold” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

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.