Insider Selling: Landmark Bancorp (NASDAQ:LARK) Director Sells $11,375.00 in Stock

Landmark Bancorp Inc. (NASDAQ:LARK) Director Patrick Alexander sold 350 shares of the stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $32.50, for a total value of $11,375.00. Following the completion of the transaction, the director directly owned 67,093 shares of the company’s stock, valued at approximately $2,180,522.50. The trade was a 0.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Landmark Bancorp Stock Performance

LARK opened at $31.72 on Friday. The business has a 50 day moving average price of $31.86 and a two-hundred day moving average price of $29.35. 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 company has a market capitalization of $193.49 million, a price-to-earnings ratio of 9.41 and a beta of 0.39. Landmark Bancorp Inc. has a 1-year low of $23.57 and a 1-year high of $34.60.

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

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

Landmark Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Investors 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 presently 24.93%.

Institutional Investors Weigh In On Landmark Bancorp

Several hedge funds have recently modified their holdings of the stock. Empowered Funds LLC grew its holdings in shares of Landmark Bancorp by 9.6% during the 1st quarter. Empowered Funds LLC now owns 23,425 shares of the financial services provider’s stock valued at $581,000 after acquiring an additional 2,053 shares in the last quarter. Keating Financial Advisory Services Inc. acquired a new position in shares of Landmark Bancorp in the second quarter worth $114,000. Deutsche Bank AG acquired a new position in shares of Landmark Bancorp in the second quarter worth $157,000. Hsbc Holdings PLC acquired a new position in shares of Landmark Bancorp in the second quarter worth $225,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Landmark Bancorp during the second quarter worth $362,000. 25.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Zacks Research raised shares of Landmark Bancorp to a “hold” rating in a report on Tuesday, August 4th. Weiss Ratings raised shares of Landmark Bancorp from a “buy (b)” rating to a “buy (a-)” rating in a research note on Friday, October 16th. Finally, Wall Street Zen upgraded shares of Landmark Bancorp from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. One research 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, Landmark Bancorp presently 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.