Landmark Bancorp (NASDAQ:LARK) Director Sells $32,500.00 in Stock

Key Points

• Director Patrick Alexander sold 1,000 Landmark Bancorp shares for $32,500 at $32.50 per share, reducing his holdings by 1.41% to 69,768 shares.
• Shares traded at $31.90 after falling $0.45; the company also announced a 1.05-for-1 stock split scheduled for December 2.
• Landmark Bancorp met its quarterly EPS estimate at $0.89 and slightly exceeded revenue expectations, reporting $19.24 million. It also announced a quarterly dividend of $0.21 per share.

Landmark Bancorp Inc. (NASDAQ:LARK - Get Free Report) Director Patrick Alexander sold 1,000 shares of the business's stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $32.50, for a total value of $32,500.00. Following the transaction, the director owned 69,768 shares in the company, valued at $2,267,460. This represents a 1.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Landmark Bancorp Stock Performance

Landmark Bancorp stock traded down $0.45 during trading hours on Tuesday, hitting $31.90. The stock had a trading volume of 6,338 shares, compared to its average volume of 8,868. The company has a 50-day moving average of $31.86 and a two-hundred day moving average of $29.22. 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 $194.62 million, a PE ratio of 9.47 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 $34.60.

Landmark Bancorp's stock is going to split before the market opens on Wednesday, December 2nd. The 1.05-1 split was recently announced. The newly created shares will be issued to shareholders after the closing bell on Tuesday, December 1st.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $0.89 earnings per share for the quarter, hitting the consensus estimate of $0.89. The company had revenue of $19.24 million for the quarter, compared to analyst estimates of $19.10 million. Landmark Bancorp had a return on equity of 12.68% and a net margin of 21.19%. On average, equities research analysts anticipate that Landmark Bancorp Inc. will post 3.47 EPS for the current fiscal year.

Landmark Bancorp Announces Dividend

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

Institutional Investors Weigh In On Landmark Bancorp

A number of institutional investors have recently added to or reduced their stakes in the stock. Keating Financial Advisory Services Inc. bought a new position in shares of Landmark Bancorp during the 2nd quarter worth approximately $114,000. Deutsche Bank AG bought a new stake in Landmark Bancorp in the second quarter valued at $157,000. Hsbc Holdings PLC bought a new stake in Landmark Bancorp in the second quarter valued at $225,000. Sanctuary Advisors LLC bought a new stake in Landmark Bancorp in the second quarter valued at $362,000. Finally, Bank of New York Mellon Corp acquired a new position in Landmark Bancorp during the second quarter worth $449,000. 25.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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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