Landmark Bancorp (NASDAQ:LARK) Stock: Insider Patrick Alexander Sells 1,000 Shares

Landmark Bancorp Inc. (NASDAQ:LARK) Director Patrick Alexander sold 1,000 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $32.50, for a total value of $32,500.00. Following the sale, the director directly owned 69,768 shares of the company’s stock, valued at $2,267,460. This represents a 1.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Landmark Bancorp Stock Performance

Landmark Bancorp stock opened at $32.50 on Thursday. The company has a market cap of $198.25 million, a PE ratio of 9.64 and a beta of 0.39. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.63. Landmark Bancorp Inc. has a 1 year low of $23.57 and a 1 year high of $34.60. The company’s 50-day moving average is $31.86 and its two-hundred day moving average is $29.29.

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

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

Landmark Bancorp Dividend Announcement

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

Institutional Trading of Landmark Bancorp

A number of hedge funds have recently modified their holdings of LARK. Empowered Funds LLC raised its holdings in Landmark Bancorp by 9.6% in the first quarter. Empowered Funds LLC now owns 23,425 shares of the financial services provider’s stock worth $581,000 after purchasing an additional 2,053 shares during the period. Keating Financial Advisory Services Inc. bought a new position in shares of Landmark Bancorp during the second quarter worth $114,000. Deutsche Bank AG bought a new position in shares of Landmark Bancorp during the second quarter worth $157,000. Hsbc Holdings PLC acquired a new position in shares of Landmark Bancorp in the 2nd quarter valued at $225,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Landmark Bancorp in the 2nd quarter valued at $362,000. 25.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on LARK. Zacks Research upgraded shares of Landmark Bancorp to a “hold” rating in a research report 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 raised Landmark Bancorp from a “buy (b)” rating to a “buy (a-)” rating in a research note 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 data from MarketBeat, the company has a consensus 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.