Michael E. Scheopner Sells 1,024 Shares of Landmark Bancorp, Inc. (NASDAQ:LARK) Stock

Landmark Bancorp, Inc. (NASDAQ:LARK) Director Michael E. Scheopner sold 1,024 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $29.51, for a total transaction of $30,218.24. Following the transaction, the director now directly owns 92,284 shares of the company’s stock, valued at $2,723,300.84. This represents a 1.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Landmark Bancorp Price Performance

Shares of LARK opened at $29.06 on Friday. The company has a market capitalization of $167.94 million, a P/E ratio of 12.83 and a beta of 0.28. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average of $27.79 and a 200 day moving average of $25.15. Landmark Bancorp, Inc. has a twelve month low of $17.53 and a twelve month high of $31.04.

Landmark Bancorp (NASDAQ:LARK) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.81 earnings per share for the quarter. The company had revenue of $16.48 million during the quarter. Landmark Bancorp had a net margin of 14.51% and a return on equity of 10.51%.

Landmark Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Wednesday, May 21st. Landmark Bancorp’s dividend payout ratio (DPR) is currently 32.43%.

Institutional Investors Weigh In On Landmark Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in LARK. CGN Advisors LLC increased its position in shares of Landmark Bancorp by 5.0% during the fourth quarter. CGN Advisors LLC now owns 11,045 shares of the financial services provider’s stock valued at $265,000 after acquiring an additional 526 shares in the last quarter. Empowered Funds LLC increased its position in shares of Landmark Bancorp by 6.9% during the fourth quarter. Empowered Funds LLC now owns 14,556 shares of the financial services provider’s stock valued at $349,000 after acquiring an additional 943 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its holdings in Landmark Bancorp by 4.4% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 127,957 shares of the financial services provider’s stock worth $3,072,000 after purchasing an additional 5,353 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Landmark Bancorp by 5.0% in the fourth quarter. Private Advisor Group LLC now owns 13,969 shares of the financial services provider’s stock worth $335,000 after purchasing an additional 660 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Landmark Bancorp by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 45,250 shares of the financial services provider’s stock worth $1,087,000 after purchasing an additional 2,058 shares during the last quarter. Institutional investors own 25.66% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Landmark Bancorp in a research note on Saturday, March 22nd. They set a “hold” rating for the company.

Landmark Bancorp Company Profile

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.