Landmark Bancorp (NASDAQ:LARK) Director Patrick Alexander Sells 350 Shares of Company Stock

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

Landmark Bancorp Trading Down 2.1%

NASDAQ LARK opened at $31.70 on Friday. Landmark Bancorp Inc. has a 1-year low of $23.57 and a 1-year high of $34.60. 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 50-day moving average of $31.86 and a 200-day moving average of $29.32. The firm has a market cap of $193.37 million, a PE ratio of 9.41 and a beta of 0.39.

Shares of Landmark Bancorp 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 payable to shareholders after the market closes on Tuesday, December 1st.

Landmark Bancorp (NASDAQ:LARK) last posted its quarterly 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. The business had revenue of $19.24 million for the quarter, compared to analyst estimates of $19.10 million. Landmark Bancorp had a return on equity of 12.68% and a net margin of 21.19%. As a group, sell-side analysts forecast that Landmark Bancorp Inc. will post 3.46 EPS for the current year.

Landmark Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, November 12th. Landmark Bancorp’s dividend payout ratio is 24.93%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Keating Financial Advisory Services Inc. purchased a new position in shares of Landmark Bancorp during the second quarter valued at approximately $114,000. Deutsche Bank AG bought a new position in shares of Landmark Bancorp during the second quarter valued at approximately $157,000. Hsbc Holdings PLC bought a new position in shares of Landmark Bancorp during the second quarter valued at approximately $225,000. Sanctuary Advisors LLC purchased a new stake in Landmark Bancorp in the second quarter worth $362,000. Finally, Bank of New York Mellon Corp purchased a new stake in Landmark Bancorp in the second quarter worth $449,000. Hedge funds and other institutional investors own 25.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LARK. Wall Street Zen raised shares of Landmark Bancorp from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Zacks Research raised shares of Landmark Bancorp to a “hold” rating in a research report on Tuesday, August 4th. Finally, 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. 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 MarketBeat.com, the company presently has a consensus rating of “Buy”.

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.