Jim Lewis Sells 400 Shares of Landmark Bancorp (NASDAQ:LARK) Stock

Key Points

• Director Jim Lewis sold 400 Landmark Bancorp shares at an average price of $32.92, generating $13,168. After the sale, he retained 152,796 shares, a 0.26% reduction in his position.
• Landmark Bancorp shares recently traded at $32.55, near their 52-week high of $34.60, while the company reported quarterly EPS of $0.88, exceeding analysts’ $0.83 estimate.
• The company maintains a quarterly dividend of $0.21 per share, or $0.84 annualized, representing a 2.6% yield. Analyst sentiment is a consensus “Moderate Buy,” and institutional investors own 25.66% of the stock.

Landmark Bancorp Inc. (NASDAQ:LARK - Get Free Report) Director Jim Lewis sold 400 shares of Landmark Bancorp stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $32.92, for a total transaction of $13,168.00. Following the completion of the transaction, the director directly owned 152,796 shares of the company's stock, valued at $5,030,044.32. The trade was a 0.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Landmark Bancorp Price Performance

Shares of LARK stock traded down $0.78 during mid-day trading on Wednesday, hitting $32.55. 11,759 shares of the stock were exchanged, compared to its average volume of 8,158. Landmark Bancorp Inc. has a 52-week low of $23.57 and a 52-week high of $34.60. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. The company has a market cap of $198.55 million, a PE ratio of 9.90 and a beta of 0.39. The firm has a fifty day moving average of $31.75 and a 200 day moving average of $29.04.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) last released its quarterly 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. The company had revenue of $19.18 million during the quarter, compared to analysts' expectations of $0.06 million. Landmark Bancorp had a return on equity of 12.49% and a net margin of 20.56%. Research analysts anticipate that Landmark Bancorp Inc. will post 3.47 earnings per share for the current year.

Landmark Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, August 13th. Landmark Bancorp's payout ratio is presently 25.53%.

Wall Street Analysts Forecast Growth

LARK has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Landmark Bancorp from a "hold" rating to a "buy" rating in a research report on Sunday, July 12th. Weiss Ratings upgraded Landmark Bancorp from a "hold (c)" rating to a "buy (b)" rating in a report on Wednesday, July 8th. Finally, Zacks Research upgraded Landmark Bancorp to a "hold" rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Landmark Bancorp presently has a consensus rating of "Moderate Buy".

Institutional Investors Weigh In On Landmark Bancorp

A number of large investors have recently modified their holdings of LARK. BlackRock Inc. acquired a new position in Landmark Bancorp during the second quarter worth about $10,720,000. The Manufacturers Life Insurance Company purchased a new position in Landmark Bancorp in the 2nd quarter worth approximately $9,178,000. De Lisle Partners LLP purchased a new position in Landmark Bancorp in the 2nd quarter worth approximately $1,724,000. Empowered Funds LLC acquired a new position in shares of Landmark Bancorp during the 2nd quarter worth approximately $772,000. Finally, OneDigital Investment Advisors LLC acquired a new position in shares of Landmark Bancorp during the 2nd quarter worth approximately $675,000. Hedge funds and other institutional investors own 25.66% of the company's stock.

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 deposit products, residential and commercial real estate loans, agricultural lending, consumer loans, and commercial loans. Its banking services also include online and mobile banking, treasury management, debit cards, and other traditional financial services.

The bank serves customers through a network of branches and banking offices located across Kansas, with a presence in communities including Manhattan, Emporia, Lawrence, and Topeka.

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