Landmark Bancorp (NASDAQ:LARK) Director Patrick Alexander Sells 3,018 Shares of Stock

Landmark Bancorp Inc. (NASDAQ:LARK) Director Patrick Alexander sold 3,018 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $32.50, for a total transaction of $98,085.00. Following the sale, the director directly owned 67,443 shares of the company’s stock, valued at $2,191,897.50. This represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Landmark Bancorp Trading Down 2.1%

NASDAQ LARK opened at $31.70 on Friday. The company’s 50-day moving average price is $31.86 and its 200-day moving average price is $29.32. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.63. The stock has a market cap of $193.37 million, a PE ratio of 9.41 and a beta of 0.39. Landmark Bancorp Inc. has a 12 month low of $23.57 and a 12 month high of $34.60.

Landmark Bancorp shares are scheduled to split on the morning of Wednesday, December 2nd. The 1.05-1 split was recently announced. The newly issued shares will be payable to shareholders after the closing bell on Tuesday, December 1st.

Landmark Bancorp (NASDAQ:LARK) last announced its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $0.89 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.89. The company had revenue of $19.24 million during the quarter, compared to analyst estimates of $19.10 million. Landmark Bancorp had a net margin of 21.19% and a return on equity of 12.68%. Equities research analysts forecast that Landmark Bancorp Inc. will post 3.46 earnings per share for the current year.

Landmark Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Thursday, November 12th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.6%. Landmark Bancorp’s dividend payout ratio (DPR) is 24.93%.

Institutional Trading of Landmark Bancorp

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

Analysts Set New Price Targets

LARK has been the subject of several research analyst reports. Zacks Research raised shares of Landmark Bancorp to a “hold” rating in a research note on Tuesday, August 4th. Wall Street Zen raised Landmark Bancorp from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Finally, Weiss Ratings upgraded Landmark Bancorp from a “buy (b)” rating to a “buy (a-)” rating in a report on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, Landmark Bancorp has an average rating of “Buy”.

About Landmark Bancorp

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.