Landmark Bancorp (NASDAQ:LARK) Director Sells $256,860.00 in Stock

Landmark Bancorp Inc. (NASDAQ:LARK) Director Patrick Alexander sold 9,000 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $28.54, for a total value of $256,860.00. Following the completion of the transaction, the director directly owned 71,519 shares in the company, valued at approximately $2,041,152.26. This represents a 11.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Landmark Bancorp Stock Performance

Shares of Landmark Bancorp stock traded down $0.11 during trading hours on Thursday, hitting $28.59. 31,077 shares of the company’s stock traded hands, compared to its average volume of 16,515. The stock has a market capitalization of $173.83 million, a price-to-earnings ratio of 10.07 and a beta of 0.27. Landmark Bancorp Inc. has a 12-month low of $20.99 and a 12-month high of $29.56. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.84 and a quick ratio of 0.84. The company has a fifty day simple moving average of $25.71 and a 200-day simple moving average of $25.53.

Landmark Bancorp (NASDAQ:LARK) last issued its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $0.85 earnings per share for the quarter. Landmark Bancorp had a net margin of 18.32% and a return on equity of 12.44%. The company had revenue of $18.16 million for the quarter.

Landmark Bancorp Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Wednesday, November 12th. Landmark Bancorp’s dividend payout ratio is currently 28.17%.

Institutional Investors Weigh In On Landmark Bancorp

Several institutional investors have recently made changes to their positions in LARK. BNP Paribas Financial Markets boosted its holdings in shares of Landmark Bancorp by 55.1% in the third quarter. BNP Paribas Financial Markets now owns 1,103 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 392 shares during the period. Jones Financial Companies Lllp lifted its holdings in Landmark Bancorp by 341.5% during the 1st quarter. Jones Financial Companies Lllp now owns 2,000 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 1,547 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Landmark Bancorp by 8,612.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,178 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 2,153 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Landmark Bancorp in the 2nd quarter worth about $66,000. Finally, New York State Common Retirement Fund purchased a new position in Landmark Bancorp during the 2nd quarter valued at about $108,000. Hedge funds and other institutional investors own 25.66% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Landmark Bancorp in a report on Monday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

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.