56,036 Shares in Landmark Bancorp Inc. $LARK Purchased by De Lisle Partners LLP

Key Points

• De Lisle Partners LLP purchased 56,036 Landmark Bancorp shares valued at approximately $1.7 million, representing about 0.92% of the company. Institutional investors collectively own 25.66% of LARK.
• Landmark Bancorp reported quarterly EPS of $0.88, exceeding the $0.83 consensus estimate, with $19.18 million in revenue, a 12.49% return on equity and a 20.56% net margin.
• Analyst sentiment has improved to a “Moderate Buy,” while the company declared a quarterly dividend of $0.21, equivalent to an annualized $0.84 payout and a 2.6% yield. Separately, insiders sold 7,672 shares worth $219,563 over the past 90 days.

De Lisle Partners LLP bought a new stake in shares of Landmark Bancorp Inc. (NASDAQ:LARK - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 56,036 shares of the financial services provider's stock, valued at approximately $1,724,000. De Lisle Partners LLP owned about 0.92% of Landmark Bancorp at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets increased its position in shares of Landmark Bancorp by 55.1% during the third quarter. BNP Paribas Financial Markets now owns 1,103 shares of the financial services provider's stock worth $29,000 after purchasing an additional 392 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Landmark Bancorp by 341.5% in the 1st quarter. Jones Financial Companies Lllp now owns 2,000 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 1,547 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Landmark Bancorp by 8,612.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,178 shares of the financial services provider's stock worth $58,000 after purchasing an additional 2,153 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Landmark Bancorp during the 2nd quarter worth $66,000. Finally, Keating Financial Advisory Services Inc. purchased a new stake in shares of Landmark Bancorp during the second quarter worth $114,000. Hedge funds and other institutional investors own 25.66% of the company's stock.

Insider Activity

In related news, Director Jim Lewis sold 900 shares of the firm's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $29.48, for a total transaction of $26,532.00. Following the completion of the sale, the director directly owned 153,196 shares in the company, valued at approximately $4,516,218.08. This trade represents a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patrick L. Alexander sold 3,300 shares of Landmark Bancorp stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $28.51, for a total transaction of $94,083.00. Following the transaction, the director directly owned 700 shares in the company, valued at $19,957. This trade represents a 82.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 7,672 shares of company stock valued at $219,563. 9.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on LARK shares. Zacks Research upgraded shares of Landmark Bancorp to a "hold" rating in a research report on Tuesday, August 4th. Weiss Ratings upgraded shares of Landmark Bancorp from a "hold (c)" rating to a "buy (b)" rating in a research report on Wednesday, July 8th. Finally, Wall Street Zen raised shares of Landmark Bancorp from a "hold" rating to a "buy" rating in a research note on Sunday, July 12th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Landmark Bancorp Stock Performance

NASDAQ LARK opened at $32.21 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.86 and a current ratio of 0.87. The stock's fifty day moving average is $31.08 and its two-hundred day moving average is $28.48. The firm has a market capitalization of $196.48 million, a P/E ratio of 9.79 and a beta of 0.39. Landmark Bancorp Inc. has a fifty-two week low of $23.57 and a fifty-two week high of $32.44.

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

Landmark Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.6%. Landmark Bancorp's dividend payout ratio is currently 25.53%.

About Landmark Bancorp

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.

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