The Manufacturers Life Insurance Company Purchases Shares of 298,861 Landmark Bancorp Inc. $LARK

The Manufacturers Life Insurance Company purchased a new position in shares of Landmark Bancorp Inc. (NASDAQ:LARK - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 298,861 shares of the financial services provider's stock, valued at approximately $9,178,000. The Manufacturers Life Insurance Company owned approximately 4.90% of Landmark Bancorp at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LARK. Jones Financial Companies Lllp increased its holdings in shares of 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 acquiring an additional 1,547 shares during the period. Goldman Sachs Group Inc. acquired a new stake in Landmark Bancorp in the first quarter valued at about $213,000. Empowered Funds LLC lifted its holdings in shares of Landmark Bancorp by 2.6% in 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 during the period. Jane Street Group LLC acquired a new stake in Landmark Bancorp in the first quarter valued at $308,000. Finally, Geode Capital Management LLC boosted its holdings in Landmark Bancorp by 121.8% during the second quarter. Geode Capital Management LLC now owns 103,618 shares of the financial services provider's stock worth $2,740,000 after buying an additional 56,899 shares in the last quarter. Hedge funds and other institutional investors own 25.66% of the company's stock.

Landmark Bancorp Stock Performance

Shares of NASDAQ:LARK opened at $31.65 on Friday. The company has a market cap of $193.06 million, a P/E ratio of 9.62 and a beta of 0.39. The business's 50-day simple moving average is $31.33 and its 200 day simple moving average is $28.61. Landmark Bancorp Inc. has a one year low of $23.57 and a one year high of $32.44. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.86 and a current ratio of 0.87.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $0.88 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $0.06 million. On average, sell-side analysts forecast that Landmark Bancorp Inc. will post 3.47 earnings per share for the current fiscal year.

Landmark Bancorp Announces Dividend

The company also recently announced 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 was Thursday, August 13th. This represents a $0.84 annualized dividend and a dividend yield of 2.7%. Landmark Bancorp's dividend payout ratio (DPR) is presently 25.53%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Wall Street Zen upgraded Landmark Bancorp from a "hold" rating to a "buy" rating in a research report on Sunday, July 12th. 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, Zacks Research upgraded Landmark Bancorp to a "hold" rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Insider Transactions at Landmark Bancorp

In other Landmark Bancorp 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 value of $26,532.00. Following the transaction, the director owned 153,196 shares of the company's stock, valued at $4,516,218.08. This trade represents a 0.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 2,090 shares of company stock valued at $60,731 over the last quarter. Company insiders own 9.80% of the company's stock.

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.

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