BlackRock Inc. Acquires New Shares in Landmark Bancorp Inc. $LARK

Key Points

• BlackRock acquired 349,058 shares of Landmark Bancorp during the second quarter, valued at approximately $10.7 million and representing about 5.72% of the company. Institutional investors collectively own 25.66% of LARK.
• Landmark Bancorp reported quarterly EPS of $0.88, exceeding the $0.83 analyst consensus, with a 20.56% net margin and 12.49% return on equity.
• The company declared a quarterly dividend of $0.21, equivalent to $0.84 annually and a 2.6% yield. Analyst sentiment is currently a “Moderate Buy,” while the stock recently traded near its 12-month high at $32.25.

BlackRock Inc. bought a new position in Landmark Bancorp Inc. (NASDAQ:LARK - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 349,058 shares of the financial services provider's stock, valued at approximately $10,720,000. BlackRock Inc. owned about 5.72% of Landmark Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BOKF NA increased its stake in shares of Landmark Bancorp by 2.0% in the 4th quarter. BOKF NA now owns 19,375 shares of the financial services provider's stock worth $507,000 after purchasing an additional 375 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Landmark Bancorp by 2.6% during the 1st quarter. Empowered Funds LLC now owns 14,933 shares of the financial services provider's stock valued at $407,000 after buying an additional 377 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Landmark Bancorp by 55.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,103 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 392 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Landmark Bancorp by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 14,237 shares of the financial services provider's stock valued at $373,000 after acquiring an additional 677 shares during the period. Finally, First Manhattan CO. LLC. increased its holdings in Landmark Bancorp by 5.0% in the 4th quarter. First Manhattan CO. LLC. now owns 20,475 shares of the financial services provider's stock worth $536,000 after acquiring an additional 975 shares in the last quarter. Hedge funds and other institutional investors own 25.66% of the company's stock.

Insider Buying and Selling at Landmark Bancorp

In related news, Director Jim Lewis sold 900 shares of the business's stock in a transaction on Friday, June 12th. The stock was sold at an average price of $29.48, for a total transaction of $26,532.00. Following the transaction, the director directly owned 153,196 shares in the company, valued at $4,516,218.08. The trade was a 0.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 1,390 shares of company stock valued at $40,781. 9.80% of the stock is owned by company insiders.

Landmark Bancorp Trading Up 0.7%

LARK stock opened at $32.25 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. Landmark Bancorp Inc. has a twelve month low of $23.57 and a twelve month high of $32.44. The stock has a market capitalization of $196.72 million, a price-to-earnings ratio of 9.80 and a beta of 0.39. The firm's fifty day simple moving average is $31.48 and its two-hundred day simple moving average is $28.76.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.88 EPS 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 firm had revenue of $19.18 million for the quarter, compared to analysts' expectations of $0.06 million. As a group, analysts anticipate that Landmark Bancorp Inc. will post 3.47 earnings per share for the current year.

Landmark Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were given a $0.21 dividend. The ex-dividend date of this dividend was 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 (DPR) is presently 25.53%.

Analysts Set New Price Targets

LARK has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Landmark Bancorp to a "hold" rating in a research note on Tuesday, August 4th. Weiss Ratings raised shares of Landmark Bancorp from a "hold (c)" rating to a "buy (b)" rating in a research note on Wednesday, July 8th. Finally, Wall Street Zen upgraded shares of Landmark Bancorp from a "hold" rating to a "buy" rating in a research report 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 presently has a consensus rating of "Moderate Buy".

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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