Landmark Bancorp Inc (LARK) Plans Dividend Increase – $0.20 Per Share

Landmark Bancorp Inc (NASDAQ:LARK) declared a quarterly dividend on Wednesday, January 31st, Wall Street Journal reports. Stockholders of record on Wednesday, February 21st will be paid a dividend of 0.20 per share by the financial services provider on Wednesday, March 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Tuesday, February 20th. This is an increase from Landmark Bancorp’s previous quarterly dividend of $0.19.

Shares of Landmark Bancorp (NASDAQ:LARK) traded up $0.26 during mid-day trading on Wednesday, hitting $28.67. 1,368 shares of the stock were exchanged, compared to its average volume of 3,956. Landmark Bancorp has a 12 month low of $27.02 and a 12 month high of $32.00. The firm has a market capitalization of $116.94, a price-to-earnings ratio of 29.25 and a beta of 0.47. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.63 and a quick ratio of 0.62.

Landmark Bancorp (NASDAQ:LARK) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported ($0.64) earnings per share for the quarter. Landmark Bancorp had a net margin of 9.01% and a return on equity of 4.59%.

Separately, TheStreet lowered shares of Landmark Bancorp from a “b-” rating to a “c” rating in a report on Friday, December 1st.

In related news, CEO Michael E. Scheopner sold 13,363 shares of the stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $28.75, for a total value of $384,186.25. Following the transaction, the chief executive officer now directly owns 78,153 shares in the company, valued at $2,246,898.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael E. Scheopner sold 1,209 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $28.75, for a total transaction of $34,758.75. The disclosure for this sale can be found here. Insiders sold 44,070 shares of company stock worth $1,270,926 over the last 90 days. 24.20% of the stock is currently owned by company insiders.

A hedge fund recently raised its stake in Landmark Bancorp stock. Northern Trust Corp raised its position in Landmark Bancorp Inc (NASDAQ:LARK) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,543 shares of the financial services provider’s stock after purchasing an additional 432 shares during the period. Northern Trust Corp owned approximately 0.40% of Landmark Bancorp worth $466,000 as of its most recent filing with the SEC. 17.11% of the stock is currently owned by institutional investors.

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About Landmark Bancorp

Landmark Bancorp, Inc is the bank holding company for Landmark National Bank (the Bank). The Bank is principally engaged in the business of attracting deposits from the general public and using such deposits, together with borrowings and other funds, to originate one- to four-family residential real estate, construction and land, commercial real estate, commercial, agriculture, municipal and consumer loans.

Dividend History for Landmark Bancorp (NASDAQ:LARK)

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