Landmark Bancorp (NASDAQ:LARK) Director Sells $22,512.00 in Stock

Landmark Bancorp Inc. (NASDAQ:LARK) Director Jim Lewis sold 800 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $28.14, for a total value of $22,512.00. Following the completion of the sale, the director directly owned 154,586 shares of the company’s stock, valued at approximately $4,350,050.04. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Landmark Bancorp Stock Performance

Shares of Landmark Bancorp stock opened at $28.42 on Monday. The company has a market cap of $173.36 million, a PE ratio of 9.10 and a beta of 0.41. Landmark Bancorp Inc. has a 52 week low of $22.31 and a 52 week high of $29.46. The business has a 50 day moving average price of $26.70 and a 200-day moving average price of $26.91. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.55.

Landmark Bancorp (NASDAQ:LARK) last released its earnings results on Wednesday, April 29th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter. The company had revenue of $18.79 million during the quarter. Landmark Bancorp had a return on equity of 12.22% and a net margin of 19.67%.

Landmark Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.84 annualized dividend and a dividend yield of 3.0%. Landmark Bancorp’s dividend payout ratio is currently 26.92%.

Hedge Funds Weigh In On Landmark Bancorp

Several institutional investors have recently modified their holdings of LARK. Geode Capital Management LLC grew its holdings in shares of Landmark Bancorp by 121.8% in the second quarter. Geode Capital Management LLC now owns 103,618 shares of the financial services provider’s stock valued at $2,740,000 after acquiring an additional 56,899 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Landmark Bancorp by 12.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 305,333 shares of the financial services provider’s stock valued at $7,997,000 after acquiring an additional 33,610 shares in the last quarter. Jane Street Group LLC purchased a new position in Landmark Bancorp in the first quarter valued at approximately $308,000. Millennium Management LLC purchased a new position in Landmark Bancorp in the third quarter valued at approximately $256,000. Finally, Dimensional Fund Advisors LP lifted its stake in Landmark Bancorp by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 192,617 shares of the financial services provider’s stock valued at $5,045,000 after purchasing an additional 8,708 shares during the last quarter. 25.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Landmark Bancorp in a report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Landmark Bancorp Company Profile

Landmark Bancorp, Inc is the bank holding company for Landmark Community Bank, a community‐focused financial institution. The company provides a full range of deposit and lending products through its subsidiary, including checking and savings accounts, certificates of deposit, residential mortgages, home equity lines of credit and small business loans. Landmark Bancorp emphasizes personalized service, leveraging local decision-making to meet the unique needs of individuals and local enterprises.

In addition to traditional deposit and lending services, Landmark Bancorp offers comprehensive cash-management and treasury solutions for commercial clients.