Landmark Bancorp (NASDAQ:LARK) Director Patrick Alexander Sells 350 Shares of Stock

Key Points

• Director Patrick Alexander sold 350 Landmark Bancorp shares at an average price of $32.50, totaling $11,375. He retained 67,093 shares after the sale, a 0.52% reduction in his holdings.
• Landmark’s shares traded at $31.70 on Thursday. The company reported quarterly EPS of $0.89, in line with estimates, and revenue of $19.24 million, slightly above expectations.
• Landmark announced a quarterly dividend of $0.21 per share, equivalent to a 2.6% annualized yield, and a 1.05-for-1 stock split scheduled for December 2.

Landmark Bancorp Inc. (NASDAQ:LARK - Get Free Report) Director Patrick Alexander sold 350 shares of Landmark Bancorp stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $32.50, for a total value of $11,375.00. Following the completion of the sale, the director directly owned 67,093 shares in the company, valued at $2,180,522.50. This represents a 0.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Landmark Bancorp Stock Performance

NASDAQ LARK traded down $0.69 on Thursday, hitting $31.70. 6,920 shares of the company's stock were exchanged, compared to its average volume of 7,205. 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 firm's 50-day moving average price is $31.86 and its two-hundred day moving average price is $29.32. Landmark Bancorp Inc. has a fifty-two week low of $23.57 and a fifty-two week high of $34.60. The firm has a market cap of $193.37 million, a price-to-earnings ratio of 9.41 and a beta of 0.39.

Shares of Landmark Bancorp are scheduled to split before the market opens on Wednesday, December 2nd. The 1.05-1 split was recently announced. The newly minted shares will be distributed to shareholders after the closing bell on Tuesday, December 1st.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $0.89 EPS for the quarter, meeting the consensus estimate of $0.89. The business had revenue of $19.24 million during the quarter, compared to analysts' expectations of $19.10 million. Landmark Bancorp had a return on equity of 12.68% and a net margin of 21.19%. On average, research analysts expect that Landmark Bancorp Inc. will post 3.46 EPS for the current year.

Landmark Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Thursday, November 12th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $0.84 dividend on an annualized basis and a yield of 2.6%. Landmark Bancorp's dividend payout ratio (DPR) is 24.93%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on LARK shares. Zacks Research raised shares of Landmark Bancorp to a "hold" rating in a research note on Tuesday, August 4th. Weiss Ratings upgraded shares of Landmark Bancorp from a "buy (b)" rating to a "buy (a-)" rating in a research note on Friday, October 16th. Finally, Wall Street Zen raised shares of Landmark Bancorp from a "hold" rating to a "buy" rating in a report on Sunday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy".

Institutional Investors Weigh In On Landmark Bancorp

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

About Landmark Bancorp

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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