Landmark Bancorp (NASDAQ:LARK) Director Sells $94,083.00 in Stock

Landmark Bancorp Inc. (NASDAQ:LARK) Director Patrick Alexander sold 3,300 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $28.51, for a total transaction of $94,083.00. Following the sale, the director owned 700 shares in the company, valued at approximately $19,957. This represents a 82.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Landmark Bancorp Price Performance

Shares of NASDAQ LARK traded down $0.18 during trading on Friday, hitting $28.42. The company had a trading volume of 17,329 shares, compared to its average volume of 6,300. The stock has a fifty day simple moving average of $26.70 and a two-hundred day simple moving average of $26.89. Landmark Bancorp Inc. has a fifty-two week low of $22.31 and a fifty-two week high of $29.46. The firm has a market capitalization of $173.36 million, a price-to-earnings ratio of 9.10 and a beta of 0.39. 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 (NASDAQ:LARK) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter. Landmark Bancorp had a net margin of 19.67% and a return on equity of 12.22%. The business had revenue of $18.79 million for the quarter.

Landmark Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were given a $0.21 dividend. The ex-dividend date was Thursday, May 14th. This represents a $0.84 annualized dividend and a dividend yield of 3.0%. Landmark Bancorp’s dividend payout ratio (DPR) is 26.92%.

Hedge Funds Weigh In On Landmark Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its stake in shares of Landmark Bancorp by 12.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 305,333 shares of the financial services provider’s stock worth $7,997,000 after buying an additional 33,610 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Landmark Bancorp by 1.5% in the third quarter. Vanguard Group Inc. now owns 240,289 shares of the financial services provider’s stock worth $6,413,000 after buying an additional 3,625 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Landmark Bancorp by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 192,617 shares of the financial services provider’s stock worth $5,045,000 after buying an additional 8,708 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Landmark Bancorp by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 112,529 shares of the financial services provider’s stock worth $2,947,000 after buying an additional 6,335 shares in the last quarter. Finally, De Lisle Partners LLP lifted its stake in shares of Landmark Bancorp by 5.0% in the fourth quarter. De Lisle Partners LLP now owns 50,737 shares of the financial services provider’s stock worth $1,329,000 after buying an additional 2,415 shares in the last quarter. 25.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Landmark Bancorp in a research report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Landmark Bancorp Company Profile

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.