Jim Lewis Sells 400 Shares of Landmark Bancorp (NASDAQ:LARK) Stock

Landmark Bancorp Inc. (NASDAQ:LARK) Director Jim Lewis sold 400 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $32.92, for a total value of $13,168.00. Following the completion of the transaction, the director owned 152,796 shares of the company’s stock, valued at $5,030,044.32. This trade represents a 0.26% 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 Up 0.5%

Shares of Landmark Bancorp stock opened at $32.71 on Friday. The firm has a market cap of $199.53 million, a PE ratio of 9.94 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. 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 stock has a fifty day moving average price of $31.80 and a 200-day moving average price of $29.07.

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

Landmark Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.84 annualized dividend and a yield of 2.6%. Landmark Bancorp’s dividend payout ratio is 25.53%.

Analysts Set New Price Targets

LARK has been the topic of a number of research analyst reports. Wall Street Zen raised Landmark Bancorp from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Weiss Ratings upgraded Landmark Bancorp from a “hold (c)” rating to a “buy (b)” rating in a research report on Wednesday, July 8th. Finally, Zacks Research raised Landmark Bancorp to a “hold” rating in a research report 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LARK. BlackRock Inc. purchased a new stake in shares of Landmark Bancorp in the second quarter worth approximately $10,720,000. The Manufacturers Life Insurance Company bought a new stake in shares of Landmark Bancorp in the second quarter valued at about $9,178,000. De Lisle Partners LLP purchased a new stake in shares of Landmark Bancorp in the 2nd quarter worth approximately $1,724,000. Empowered Funds LLC purchased a new stake in shares of Landmark Bancorp during the 2nd quarter worth $772,000. Finally, OneDigital Investment Advisors LLC acquired a new stake in Landmark Bancorp in the second quarter valued at approximately $675,000. Institutional investors own 25.66% of the company’s stock.

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 deposit products, residential and commercial real estate loans, agricultural lending, consumer loans, and commercial loans. Its banking services also include online and mobile banking, treasury management, debit cards, and other traditional financial services.

The bank serves customers through a network of branches and banking offices located across Kansas, with a presence in communities including Manhattan, Emporia, Lawrence, and Topeka.