OneDigital Investment Advisors LLC Purchases New Position in Landmark Bancorp Inc. $LARK

OneDigital Investment Advisors LLC acquired a new position in Landmark Bancorp Inc. (NASDAQ:LARK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,994 shares of the financial services provider’s stock, valued at approximately $675,000. OneDigital Investment Advisors LLC owned approximately 0.36% of Landmark Bancorp as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of Landmark Bancorp by 121.8% in the 2nd quarter. Geode Capital Management LLC now owns 103,618 shares of the financial services provider’s stock worth $2,740,000 after buying an additional 56,899 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Landmark Bancorp by 12.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 305,333 shares of the financial services provider’s stock valued at $7,997,000 after acquiring an additional 33,610 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Landmark Bancorp in the second quarter valued at about $449,000. Jane Street Group LLC purchased a new stake in Landmark Bancorp in the first quarter worth about $308,000. Finally, Millennium Management LLC bought a new position in Landmark Bancorp during the 3rd quarter worth about $256,000. 25.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Landmark Bancorp

In other news, Director Patrick L. Alexander sold 3,300 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $28.51, for a total transaction of $94,083.00. Following the completion of the sale, the director owned 700 shares in the company, valued at approximately $19,957. This represents a 82.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jim Lewis sold 900 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $29.48, for a total value of $26,532.00. Following the completion of the sale, the director directly owned 153,196 shares of the company’s stock, valued at $4,516,218.08. The trade was a 0.58% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 7,672 shares of company stock valued at $219,563. 9.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LARK shares. Weiss Ratings upgraded shares of Landmark Bancorp from a “hold (c)” rating to a “buy (b)” rating in a report on Wednesday, July 8th. Wall Street Zen raised shares of Landmark Bancorp from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Finally, Zacks Research raised shares of Landmark Bancorp to a “hold” rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Landmark Bancorp Price Performance

LARK opened at $32.15 on Wednesday. The firm has a market capitalization of $196.15 million, a PE ratio of 9.77 and a beta of 0.39. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.86. The business’s 50-day moving average is $30.91 and its two-hundred day moving average is $28.39. Landmark Bancorp Inc. has a 1 year low of $23.57 and a 1 year high of $32.44.

Landmark Bancorp (NASDAQ:LARK) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.83 by $0.05. Landmark Bancorp had a net margin of 20.56% and a return on equity of 12.49%. The business had revenue of $19.18 million during the quarter, compared to analyst estimates of $0.06 million. Research analysts anticipate that Landmark Bancorp Inc. will post 3.47 earnings per share for the current fiscal year.

Landmark Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.6%. The ex-dividend date is Thursday, August 13th. Landmark Bancorp’s dividend payout ratio (DPR) is 25.53%.

Landmark Bancorp Company Profile

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.