The Manufacturers Life Insurance Company Invests $9.18 Million in Landmark Bancorp Inc. $LARK

The Manufacturers Life Insurance Company bought a new stake in shares of Landmark Bancorp Inc. (NASDAQ:LARK) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 298,861 shares of the financial services provider’s stock, valued at approximately $9,178,000.

A number of other institutional investors have also recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its stake in shares of Landmark Bancorp by 55.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,103 shares of the financial services provider’s stock valued at $29,000 after buying an additional 392 shares during the period. Jones Financial Companies Lllp lifted its holdings in Landmark Bancorp by 341.5% in 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 during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Landmark Bancorp by 8,612.0% in the second quarter. JPMorgan Chase & Co. now owns 2,178 shares of the financial services provider’s stock worth $58,000 after buying an additional 2,153 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Landmark Bancorp during the 2nd quarter worth $66,000. Finally, Keating Financial Advisory Services Inc. bought a new stake in Landmark Bancorp during the 2nd quarter valued at approximately $114,000. 25.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Jim Lewis sold 900 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $29.48, for a total transaction of $26,532.00. Following the completion of the sale, the director owned 153,196 shares of the company’s stock, valued at $4,516,218.08. This represents a 0.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 2,090 shares of company stock worth $60,731 over the last ninety days. 9.80% of the stock is owned by corporate insiders.

Landmark Bancorp Price Performance

LARK opened at $31.65 on Friday. The company has a fifty day moving average price of $31.33 and a two-hundred day moving average price of $28.61. The firm has a market capitalization of $193.06 million, a PE ratio of 9.62 and a beta of 0.39. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.86 and a current ratio of 0.87. Landmark Bancorp Inc. has a 52 week low of $23.57 and a 52 week high of $32.44.

Landmark Bancorp (NASDAQ:LARK) last released its earnings results on Wednesday, July 29th. The financial services provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.05. The firm had revenue of $19.18 million for the quarter, compared to analyst estimates of $0.06 million. Landmark Bancorp had a return on equity of 12.49% and a net margin of 20.56%. As a group, analysts anticipate that Landmark Bancorp Inc. will post 3.47 earnings per share for the current year.

Landmark Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 13th. Landmark Bancorp’s dividend payout ratio is presently 25.53%.

Analyst Ratings Changes

LARK has been the subject of a number of research reports. Weiss Ratings raised shares of Landmark Bancorp from a “hold (c)” rating to a “buy (b)” rating in a report on Wednesday, July 8th. Wall Street Zen upgraded Landmark Bancorp from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Finally, Zacks Research raised Landmark Bancorp to a “hold” rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

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.