Landmark Bancorp Inc. (NASDAQ:LARK) Stock to Pay Quarterly Dividend of $0.21

Key Points

• Landmark Bancorp declared a quarterly dividend of $0.21 per share, payable November 27 to shareholders of record on November 12. The annualized dividend is $0.84, representing a 2.7% yield, and the company has raised its dividend for six consecutive years.
• Landmark Bancorp reported quarterly earnings of $0.88 per share, beating analyst expectations of $0.83. The company posted a 20.56% net margin and 12.49% return on equity.
• Shares opened at $31.69, with a market capitalization of approximately $193.3 million and a price-to-earnings ratio of 9.63. Institutional investors own about 25.66% of the stock, with several firms establishing new positions during the second quarter.

Landmark Bancorp Inc. (NASDAQ:LARK - Get Free Report) declared a quarterly dividend on Monday, October 26th. Shareholders of record on Thursday, November 12th will be given a dividend of $0.21 per share by the financial services provider on Friday, November 27th. This represents a $0.84 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Thursday, November 12th.

Landmark Bancorp has raised its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 6 years.

Landmark Bancorp Stock Performance

Shares of NASDAQ:LARK opened at $31.69 on Tuesday. Landmark Bancorp has a 1 year low of $23.57 and a 1 year high of $34.60. The firm has a market capitalization of $193.31 million, a PE ratio of 9.63 and a beta of 0.40. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.86. The business's 50 day moving average price is $31.85 and its 200-day moving average price is $29.06.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) last released its earnings results on Wednesday, July 29th. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.05. Landmark Bancorp had a net margin of 20.56% and a return on equity of 12.49%. The business had revenue of $19.18 million for the quarter, compared to analyst estimates of $0.06 million. As a group, equities research analysts expect that Landmark Bancorp will post 3.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Landmark Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Landmark Bancorp during the 2nd quarter worth approximately $10,720,000. The Manufacturers Life Insurance Company bought a new stake in shares of Landmark Bancorp during the 2nd quarter worth about $9,178,000. De Lisle Partners LLP acquired a new stake in Landmark Bancorp in the second quarter worth approximately $1,724,000. Empowered Funds LLC acquired a new stake in shares of Landmark Bancorp in the second quarter valued at $772,000. Finally, OneDigital Investment Advisors LLC bought a new position in shares of Landmark Bancorp during the 2nd quarter valued at about $675,000. 25.66% of the stock is owned by hedge funds and other institutional investors.

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.

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