Landmark Bancorp (NASDAQ:LARK) Stock: Insider Jim Lewis Sells 550 Shares

Landmark Bancorp Inc. (NASDAQ:LARK) Director Jim Lewis sold 550 shares of Landmark Bancorp stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $32.16, for a total transaction of $17,688.00. Following the sale, the director directly owned 152,732 shares in the company, valued at $4,911,861.12. The trade was a 0.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, October 29th, Jim Lewis sold 26 shares of Landmark Bancorp stock. The shares were sold at an average price of $32.48, for a total transaction of $844.48.
• On Tuesday, October 27th, Jim Lewis sold 183 shares of Landmark Bancorp stock. The shares were sold at an average price of $32.40, for a total transaction of $5,929.20.
• On Tuesday, September 15th, Jim Lewis sold 400 shares of Landmark Bancorp stock. The stock was sold at an average price of $32.92, for a total transaction of $13,168.00.

Landmark Bancorp Stock Performance

Shares of LARK opened at $32.07 on Friday. The company has a 50-day simple moving average of $31.85 and a two-hundred day simple moving average of $29.19. 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 $195.63 million, a PE ratio of 9.52 and a beta of 0.40. Landmark Bancorp Inc. has a one year low of $23.57 and a one year high of $34.60.

Shares of Landmark Bancorp are going to split before the market opens on Wednesday, December 2nd. The 1.05-1 split was recently announced. The newly created shares will be issued to shareholders after the closing bell on Tuesday, December 1st.

Landmark Bancorp (NASDAQ:LARK) last announced its earnings results on Wednesday, October 28th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.89. The firm 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%. On average, analysts anticipate that Landmark Bancorp Inc. will post 3.47 EPS for the current fiscal year.

Landmark Bancorp Dividend Announcement

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Landmark Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. Keating Financial Advisory Services Inc. purchased a new stake in shares of Landmark Bancorp in the 2nd quarter worth approximately $114,000. Deutsche Bank AG bought a new position in Landmark Bancorp during the 2nd quarter valued at approximately $157,000. Hsbc Holdings PLC bought a new position in Landmark Bancorp during the 2nd quarter valued at approximately $225,000. Sanctuary Advisors LLC purchased a new position in Landmark Bancorp during the second quarter valued at $362,000. Finally, Bank of New York Mellon Corp purchased a new position in Landmark Bancorp during the second quarter valued at $449,000. Institutional investors 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.