Landmark Bancorp, Inc. (NASDAQ:LARK) Director Patrick L. Alexander Sells 20,000 Shares of Stock

Landmark Bancorp, Inc. (NASDAQ:LARK) Director Patrick L. Alexander sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $24.53, for a total transaction of $490,600.00. Following the sale, the director now directly owns 80,285 shares of the company’s stock, valued at $1,969,391.05. The trade was a 19.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Landmark Bancorp Price Performance

Shares of NASDAQ LARK opened at $24.93 on Wednesday. Landmark Bancorp, Inc. has a twelve month low of $17.05 and a twelve month high of $25.25. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $144.10 million, a price-to-earnings ratio of 11.01 and a beta of 0.46. The firm has a 50-day moving average of $24.07 and a two-hundred day moving average of $21.98.

Landmark Bancorp (NASDAQ:LARK) last posted its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $0.71 EPS for the quarter. Landmark Bancorp had a net margin of 14.51% and a return on equity of 10.51%.

Landmark Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 19th will be issued a $0.21 dividend. The ex-dividend date is Wednesday, February 19th. This represents a $0.84 dividend on an annualized basis and a yield of 3.37%. This is an increase from Landmark Bancorp’s previous quarterly dividend of $0.20. Landmark Bancorp’s dividend payout ratio is currently 35.32%.

Hedge Funds Weigh In On Landmark Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CGN Advisors LLC boosted its position in shares of Landmark Bancorp by 5.0% in the fourth quarter. CGN Advisors LLC now owns 11,045 shares of the financial services provider’s stock valued at $265,000 after acquiring an additional 526 shares during the period. Empowered Funds LLC boosted its position in shares of Landmark Bancorp by 5.2% in the third quarter. Empowered Funds LLC now owns 13,613 shares of the financial services provider’s stock valued at $275,000 after acquiring an additional 670 shares during the period. Private Advisor Group LLC boosted its position in shares of Landmark Bancorp by 5.0% in the fourth quarter. Private Advisor Group LLC now owns 13,969 shares of the financial services provider’s stock valued at $335,000 after acquiring an additional 660 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Landmark Bancorp in the second quarter valued at approximately $338,000. Finally, De Lisle Partners LLP boosted its position in shares of Landmark Bancorp by 78.1% in the third quarter. De Lisle Partners LLP now owns 67,595 shares of the financial services provider’s stock valued at $1,369,000 after acquiring an additional 29,637 shares during the period. Institutional investors and hedge funds own 25.66% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Landmark Bancorp in a research report on Monday. They set a “hold” rating for the company.

About Landmark Bancorp

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.