Landmark Bancorp (NASDAQ:LARK) Director Patrick Alexander Sells 350 Shares of Stock

Landmark Bancorp Inc. (NASDAQ:LARK) Director Patrick Alexander sold 350 shares of Landmark Bancorp stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $32.50, for a total value of $11,375.00. Following the transaction, the director directly owned 67,093 shares of the company’s stock, valued at $2,180,522.50. This trade represents a 0.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Landmark Bancorp Price Performance

Shares of Landmark Bancorp stock traded down $0.69 on Thursday, hitting $31.70. The company’s stock had a trading volume of 6,920 shares, compared to its average volume of 7,205. The company has a market capitalization of $193.37 million, a P/E ratio of 9.41 and a beta of 0.39. Landmark Bancorp Inc. has a 52-week low of $23.57 and a 52-week high of $34.60. The firm has a fifty day moving average price of $31.86 and a 200-day moving average price of $29.32. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.63.

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

Landmark Bancorp (NASDAQ:LARK) last posted its earnings results on Wednesday, October 28th. The financial services provider reported $0.89 earnings per share for the quarter, meeting the consensus estimate of $0.89. The firm had revenue of $19.24 million during the quarter, compared to the consensus estimate of $19.10 million. Landmark Bancorp had a net margin of 21.19% and a return on equity of 12.68%. On average, equities research analysts expect that Landmark Bancorp Inc. will post 3.46 earnings per share for the current fiscal year.

Landmark Bancorp Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LARK. Weiss Ratings raised shares of Landmark Bancorp from a “buy (b)” rating to a “buy (a-)” rating in a research note on Friday, October 16th. Wall Street Zen raised Landmark Bancorp from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Finally, Zacks Research upgraded 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. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Institutional Trading of Landmark Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of LARK. BlackRock Inc. acquired a new position in Landmark Bancorp in the 2nd quarter valued at $10,720,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Landmark Bancorp during the second quarter worth $9,178,000. Empowered Funds LLC acquired a new stake in shares of Landmark Bancorp during the second quarter worth $772,000. De Lisle Partners LLP acquired a new stake in shares of Landmark Bancorp during the second quarter worth $1,724,000. Finally, OneDigital Investment Advisors LLC purchased a new stake in shares of Landmark Bancorp in the second quarter valued at $675,000. 25.66% of the stock is owned by hedge funds and other institutional investors.

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.