First Manhattan CO. LLC. Boosts Stake in Landmark Bancorp, Inc. (NASDAQ:LARK)

First Manhattan CO. LLC. boosted its holdings in Landmark Bancorp, Inc. (NASDAQ:LARK) by 5.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 21,618 shares of the financial services provider’s stock after buying an additional 1,029 shares during the period. First Manhattan CO. LLC. owned 0.37% of Landmark Bancorp worth $519,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its holdings in shares of Landmark Bancorp by 22.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 237,876 shares of the financial services provider’s stock valued at $5,711,000 after acquiring an additional 43,401 shares during the last quarter. Fourthstone LLC bought a new stake in Landmark Bancorp in the fourth quarter worth about $466,000. Dimensional Fund Advisors LP lifted its stake in Landmark Bancorp by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 180,280 shares of the financial services provider’s stock worth $4,329,000 after purchasing an additional 8,490 shares during the last quarter. Northern Trust Corp lifted its stake in Landmark Bancorp by 35.0% in the fourth quarter. Northern Trust Corp now owns 21,017 shares of the financial services provider’s stock worth $505,000 after purchasing an additional 5,447 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS lifted its stake in Landmark Bancorp by 4.4% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 127,957 shares of the financial services provider’s stock worth $3,072,000 after purchasing an additional 5,353 shares during the last quarter. Hedge funds and other institutional investors own 25.66% of the company’s stock.

Landmark Bancorp Stock Performance

Landmark Bancorp stock opened at $29.72 on Monday. The company has a 50 day moving average price of $27.24 and a 200-day moving average price of $24.88. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.80. Landmark Bancorp, Inc. has a fifty-two week low of $17.53 and a fifty-two week high of $31.04. The company has a market capitalization of $171.75 million, a PE ratio of 13.12 and a beta of 0.28.

Landmark Bancorp (NASDAQ:LARK) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter. The company had revenue of $16.48 million for the quarter. Landmark Bancorp had a net margin of 14.51% and a return on equity of 10.51%.

Landmark Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.83%. The ex-dividend date is Wednesday, May 21st. Landmark Bancorp’s dividend payout ratio is currently 32.43%.

Insider Transactions at Landmark Bancorp

In other news, Director Michael E. Scheopner sold 41,058 shares of the business’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $30.01, for a total transaction of $1,232,150.58. Following the completion of the sale, the director now owns 80,316 shares of the company’s stock, valued at $2,410,283.16. The trade was a 33.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 17.20% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Landmark Bancorp in a research note on Saturday, March 22nd. They issued a “hold” rating for the company.

Landmark Bancorp Profile

Landmark Bancorp, Inc operates as the financial holding company for Landmark National Bank that provides various financial and banking services to its local communities. It offers non-interest bearing demand, money market, checking, and savings accounts, as well as certificates of deposit. The company also provides one-to-four family residential real estate, construction and land, commercial real estate, commercial, paycheck protection program, municipal, and agriculture loans; and consumer and other loans, such as automobile, boat, and home improvement and home equity loans, as well as insurance, and mobile and online banking services.