Landmark Bancorp (NASDAQ:LARK) Director Patrick Alexander Sells 3,018 Shares of Company Stock

Landmark Bancorp Inc. (NASDAQ:LARK) Director Patrick Alexander sold 3,018 shares of the stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $32.50, for a total transaction of $98,085.00. Following the completion of the sale, the director owned 67,443 shares of the company’s stock, valued at approximately $2,191,897.50. This represents a 4.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Landmark Bancorp Stock Down 2.1%

Shares of LARK traded down $0.69 during trading hours on Thursday, reaching $31.70. 6,920 shares of the stock traded hands, compared to its average volume of 7,205. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $31.86 and a 200 day simple moving average of $29.32. Landmark Bancorp Inc. has a 52 week low of $23.57 and a 52 week high of $34.60. The company has a market cap of $193.37 million, a price-to-earnings ratio of 9.41 and a beta of 0.39.

Landmark Bancorp shares are going to split on the morning of Wednesday, December 2nd. The 1.05-1 split was recently announced. The newly created shares will be issued to shareholders after the closing bell on Tuesday, December 1st.

Landmark Bancorp (NASDAQ:LARK) last released its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $0.89 earnings per share 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. On average, equities analysts forecast that Landmark Bancorp Inc. will post 3.46 EPS for the current year.

Landmark Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Thursday, November 12th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $0.84 annualized dividend and a dividend yield of 2.6%. Landmark Bancorp’s dividend payout ratio (DPR) is currently 24.93%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LARK. Wall Street Zen upgraded Landmark Bancorp from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Weiss Ratings raised Landmark Bancorp from a “buy (b)” rating to a “buy (a-)” rating in a research report on Friday, October 16th. 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 Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Hedge Funds Weigh In On Landmark Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC purchased a new position in shares of Landmark Bancorp in the 2nd quarter worth about $225,000. Empowered Funds LLC purchased a new stake in Landmark Bancorp during the second quarter worth about $772,000. The Manufacturers Life Insurance Company purchased a new stake in Landmark Bancorp during the second quarter worth about $9,178,000. Sanctuary Advisors LLC purchased a new stake in Landmark Bancorp during the second quarter worth about $362,000. Finally, De Lisle Partners LLP bought a new stake in Landmark Bancorp in the second quarter worth about $1,724,000. 25.66% of the stock is owned by hedge funds and other institutional investors.

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.