Patrick Alexander Sells 700 Shares of Landmark Bancorp (NASDAQ:LARK) Stock

Landmark Bancorp Inc. (NASDAQ:LARK) Director Patrick Alexander sold 700 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $28.50, for a total value of $19,950.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Landmark Bancorp Stock Performance

NASDAQ:LARK opened at $28.25 on Thursday. The stock has a fifty day moving average price of $26.92 and a 200-day moving average price of $26.97. The company has a market cap of $172.33 million, a price-to-earnings ratio of 9.04 and a beta of 0.41. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.85 and a current ratio of 0.85. Landmark Bancorp Inc. has a fifty-two week low of $22.31 and a fifty-two week high of $29.46.

Landmark Bancorp (NASDAQ:LARK) last released its earnings results on Wednesday, April 29th. The financial services provider reported $0.83 earnings per share for the quarter. The firm had revenue of $18.79 million during the quarter. Landmark Bancorp had a return on equity of 12.22% and a net margin of 19.67%.

Landmark Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Thursday, May 14th. Landmark Bancorp’s dividend payout ratio is presently 26.92%.

Institutional Trading of Landmark Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its position in shares of Landmark Bancorp by 12.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 305,333 shares of the financial services provider’s stock worth $7,997,000 after buying an additional 33,610 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Landmark Bancorp by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 240,289 shares of the financial services provider’s stock worth $6,413,000 after buying an additional 3,625 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Landmark Bancorp by 4.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 192,617 shares of the financial services provider’s stock worth $5,045,000 after buying an additional 8,708 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Landmark Bancorp by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 112,529 shares of the financial services provider’s stock worth $2,947,000 after buying an additional 6,335 shares during the last quarter. Finally, De Lisle Partners LLP lifted its position in shares of Landmark Bancorp by 5.0% during the 4th quarter. De Lisle Partners LLP now owns 50,737 shares of the financial services provider’s stock worth $1,329,000 after buying an additional 2,415 shares during the last quarter. 25.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Landmark Bancorp in a research report on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Landmark Bancorp has an average rating of “Hold”.

About Landmark Bancorp

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.