Fourthstone LLC Acquires New Holdings in Landmark Bancorp, Inc. (NASDAQ:LARK)

Fourthstone LLC acquired a new position in Landmark Bancorp, Inc. (NASDAQ:LARK) in the fourth quarter, Holdings Channel reports. The fund acquired 19,397 shares of the financial services provider’s stock, valued at approximately $466,000.

Other hedge funds also recently bought and sold shares of the company. Kornitzer Capital Management Inc. KS increased its holdings in shares of Landmark Bancorp by 4.4% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 127,957 shares of the financial services provider’s stock valued at $3,072,000 after acquiring an additional 5,353 shares during the period. Geode Capital Management LLC boosted its position in Landmark Bancorp by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 45,250 shares of the financial services provider’s stock valued at $1,087,000 after purchasing an additional 2,058 shares in the last quarter. Empowered Funds LLC grew its stake in Landmark Bancorp by 6.9% in the fourth quarter. Empowered Funds LLC now owns 14,556 shares of the financial services provider’s stock valued at $349,000 after purchasing an additional 943 shares during the last quarter. Private Advisor Group LLC raised its holdings in Landmark Bancorp by 5.0% in the fourth quarter. Private Advisor Group LLC now owns 13,969 shares of the financial services provider’s stock worth $335,000 after purchasing an additional 660 shares in the last quarter. Finally, CGN Advisors LLC lifted its position in shares of Landmark Bancorp by 5.0% during the fourth quarter. CGN Advisors LLC now owns 11,045 shares of the financial services provider’s stock valued at $265,000 after buying an additional 526 shares during the last quarter. Hedge funds and other institutional investors own 25.66% of the company’s stock.

Insider Buying and Selling

In related news, Director Patrick L. Alexander sold 20,000 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $24.53, for a total value of $490,600.00. Following the transaction, the director now directly owns 80,285 shares of the company’s stock, valued at $1,969,391.05. This represents a 19.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael E. Scheopner sold 3,097 shares of Landmark Bancorp stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $25.31, for a total value of $78,385.07. Following the sale, the director now directly owns 131,269 shares of the company’s stock, valued at approximately $3,322,418.39. This represents a 2.30 % decrease in their position. The disclosure for this sale can be found here. 17.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Landmark Bancorp in a research report on Saturday, March 22nd. They issued a “hold” rating on the stock.

Landmark Bancorp Price Performance

NASDAQ LARK opened at $27.55 on Thursday. The firm’s fifty day simple moving average is $25.64 and its two-hundred day simple moving average is $23.76. The firm has a market capitalization of $159.29 million, a P/E ratio of 12.16 and a beta of 0.30. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.81. Landmark Bancorp, Inc. has a 12-month low of $17.05 and a 12-month high of $28.55.

Landmark Bancorp (NASDAQ:LARK) last announced its earnings results on Tuesday, February 4th. The financial services provider reported $0.71 earnings per share for the quarter. Landmark Bancorp had a return on equity of 10.51% and a net margin of 14.51%.

Landmark Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.84 annualized dividend and a dividend yield of 3.05%. This is an increase from Landmark Bancorp’s previous quarterly dividend of $0.20. Landmark Bancorp’s dividend payout ratio is 37.00%.

About Landmark Bancorp

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.