Landmark Bancorp, Inc. (NASDAQ:LARK) Director Sells $490,600.00 in Stock

Landmark Bancorp, Inc. (NASDAQ:LARK) Director Patrick L. Alexander sold 20,000 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $24.53, for a total value of $490,600.00. Following the transaction, the director now owns 80,285 shares in the company, valued at approximately $1,969,391.05. This represents a 19.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Landmark Bancorp Stock Up 1.5 %

Shares of NASDAQ:LARK opened at $25.50 on Friday. Landmark Bancorp, Inc. has a 1 year low of $17.05 and a 1 year high of $26.75. The company has a market cap of $147.39 million, a PE ratio of 11.26 and a beta of 0.46. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.80 and a quick ratio of 0.79. The stock’s 50-day moving average is $24.12 and its 200 day moving average is $22.03.

Landmark Bancorp (NASDAQ:LARK) last posted 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th will be issued a dividend of $0.21 per share. This is an increase from Landmark Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, February 19th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.29%. Landmark Bancorp’s dividend payout ratio is 35.32%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Landmark Bancorp in a report on Monday. They set a “hold” rating on the stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Kornitzer Capital Management Inc. KS grew its holdings in shares of Landmark Bancorp by 4.4% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 127,957 shares of the financial services provider’s stock worth $3,072,000 after acquiring an additional 5,353 shares during the period. De Lisle Partners LLP grew its stake in shares of Landmark Bancorp by 78.1% in the 3rd quarter. De Lisle Partners LLP now owns 67,595 shares of the financial services provider’s stock worth $1,369,000 after buying an additional 29,637 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Landmark Bancorp by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 45,250 shares of the financial services provider’s stock worth $1,087,000 after buying an additional 2,058 shares during the last quarter. Fourthstone LLC purchased a new stake in shares of Landmark Bancorp in the 4th quarter worth approximately $466,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Landmark Bancorp in the 2nd quarter worth approximately $338,000. Hedge funds and other institutional investors own 25.66% of the company’s stock.

Landmark Bancorp Company Profile

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.