Insider Selling: Landmark Bancorp (NASDAQ:LARK) Director Sells $32,500.00 in Stock

Landmark Bancorp Inc. (NASDAQ:LARK) Director Patrick Alexander sold 1,000 shares of Landmark Bancorp stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $32.50, for a total value of $32,500.00. Following the completion of the sale, the director directly owned 69,768 shares of the company’s stock, valued at approximately $2,267,460. This represents a 1.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Landmark Bancorp Trading Down 2.1%

NASDAQ LARK opened at $31.70 on Friday. The company has a market cap of $193.37 million, a P/E ratio of 9.41 and a beta of 0.39. Landmark Bancorp Inc. has a 12 month low of $23.57 and a 12 month high of $34.60. 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 50-day moving average of $31.86 and a 200-day moving average of $29.32.

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

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

Landmark Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Thursday, November 12th will be given 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 dividend payout ratio is 24.93%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Weiss Ratings raised shares of Landmark Bancorp from a “buy (b)” rating to a “buy (a-)” rating in a research report on Friday, October 16th. Wall Street Zen upgraded shares of Landmark Bancorp from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Finally, Zacks Research raised shares of Landmark Bancorp to a “hold” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Landmark Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of LARK. BlackRock Inc. bought a new stake in shares of Landmark Bancorp during the second quarter worth about $10,720,000. The Manufacturers Life Insurance Company purchased a new position in Landmark Bancorp in the second quarter worth $9,178,000. Empowered Funds LLC bought a new position in Landmark Bancorp during the second quarter valued at about $772,000. De Lisle Partners LLP purchased a new stake in Landmark Bancorp during the second quarter worth about $1,724,000. Finally, OneDigital Investment Advisors LLC purchased a new stake in Landmark Bancorp during the second quarter worth about $675,000. 25.66% of the stock is currently owned by institutional investors.

Landmark Bancorp Company Profile

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.