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

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

Landmark Bancorp Stock Performance

Shares of NASDAQ:LARK opened at $31.72 on Friday. Landmark Bancorp Inc. has a one year low of $23.57 and a one year high of $34.60. The firm’s 50 day simple moving average is $31.86 and its 200-day simple moving average is $29.35. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a market cap of $193.49 million, a PE ratio of 9.41 and a beta of 0.39.

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

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

Landmark Bancorp Dividend Announcement

The company 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 dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, November 12th. Landmark Bancorp’s dividend payout ratio is currently 24.93%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Weiss Ratings upgraded Landmark Bancorp from a “buy (b)” rating to a “buy (a-)” rating in a research note on Friday, October 16th. Zacks Research upgraded shares of Landmark Bancorp to a “hold” rating in a report on Tuesday, August 4th. Finally, Wall Street Zen raised Landmark Bancorp from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Hedge Funds Weigh In On Landmark Bancorp

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

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.