Landmark Bancorp, Inc. (NASDAQ:LARK) Director Sells $490,600.00 in Stock

Landmark Bancorp, Inc. (NASDAQ:LARK) Director Patrick L. Alexander sold 20,000 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $24.53, for a total value of $490,600.00. Following the sale, the director now owns 80,285 shares of the company’s stock, valued at approximately $1,969,391.05. The trade was a 19.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Landmark Bancorp Trading Up 0.7 %

Shares of NASDAQ:LARK traded up $0.17 during midday trading on Tuesday, reaching $24.93. The company’s stock had a trading volume of 1,897 shares, compared to its average volume of 5,413. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.80. The firm has a 50 day moving average price of $24.06 and a two-hundred day moving average price of $21.95. The firm has a market capitalization of $144.07 million, a price-to-earnings ratio of 11.00 and a beta of 0.46. Landmark Bancorp, Inc. has a fifty-two week low of $17.05 and a fifty-two week high of $25.25.

Landmark Bancorp (NASDAQ:LARK) last posted its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $0.71 EPS for the quarter. Landmark Bancorp had a return on equity of 10.51% and a net margin of 14.51%.

Landmark Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 19th will be given a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This is an increase from Landmark Bancorp’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 3.37%. Landmark Bancorp’s dividend payout ratio (DPR) is currently 35.32%.

Institutional Investors Weigh In On Landmark Bancorp

A number of institutional investors have recently added to or reduced their stakes in LARK. Sanctuary Advisors LLC acquired a new position in shares of Landmark Bancorp during the 2nd quarter worth approximately $338,000. Empowered Funds LLC grew its holdings in shares of Landmark Bancorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 13,613 shares of the financial services provider’s stock worth $275,000 after purchasing an additional 670 shares during the period. De Lisle Partners LLP boosted its holdings in Landmark Bancorp by 78.1% during the 3rd quarter. De Lisle Partners LLP now owns 67,595 shares of the financial services provider’s stock valued at $1,369,000 after acquiring an additional 29,637 shares during the period. CGN Advisors LLC raised its position in Landmark Bancorp by 5.0% in the 4th quarter. CGN Advisors LLC now owns 11,045 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 526 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS grew its stake in Landmark Bancorp by 4.4% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 127,957 shares of the financial services provider’s stock worth $3,072,000 after buying an additional 5,353 shares during the last quarter. Institutional investors own 25.66% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Landmark Bancorp in a report on Monday. 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.