Landmark Bancorp (NASDAQ:LARK) Stock: Insider Jim Lewis Sells 550 Shares

Key Points

• Director Jim Lewis sold 550 Landmark Bancorp shares at an average price of $32.16, generating $17,688. The transaction occurred under a pre-arranged Rule 10b5-1 plan and reduced his ownership by 0.36%.
• Landmark Bancorp shares recently traded at $32.07, with a market capitalization of approximately $195.6 million. The company also announced a 1.05-for-1 stock split and maintains a quarterly dividend of $0.21 per share, yielding about 2.6%.
• The company met quarterly earnings expectations with EPS of $0.89 and reported $19.24 million in revenue. Analysts have a consensus “Buy” rating, while institutional investors own 25.66% of the stock.

Landmark Bancorp Inc. (NASDAQ:LARK - Get Free Report) Director Jim Lewis sold 550 shares of the company's stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $32.16, for a total transaction of $17,688.00. Following the sale, the director directly owned 152,732 shares in the company, valued at approximately $4,911,861.12. This trade represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jim Lewis also recently made the following trade(s):

• On Thursday, October 29th, Jim Lewis sold 26 shares of Landmark Bancorp stock. The shares were sold at an average price of $32.48, for a total value of $844.48.
• On Tuesday, October 27th, Jim Lewis sold 183 shares of Landmark Bancorp stock. The shares were sold at an average price of $32.40, for a total value of $5,929.20.
• On Tuesday, September 15th, Jim Lewis sold 400 shares of Landmark Bancorp stock. The shares were sold at an average price of $32.92, for a total transaction of $13,168.00.

Landmark Bancorp Price Performance

Shares of Landmark Bancorp stock traded down $0.20 during trading on Friday, hitting $32.07. The stock had a trading volume of 5,725 shares, compared to its average volume of 8,898. The business's 50-day moving average is $31.86 and its 200 day moving average is $29.16. Landmark Bancorp Inc. has a 12 month low of $23.57 and a 12 month high of $34.60. The firm has a market cap of $195.63 million, a price-to-earnings ratio of 9.52 and a beta of 0.40. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.63.

Landmark Bancorp shares are going to split on Wednesday, December 2nd. The 1.05-1 split was recently announced. The newly issued shares will be payable to shareholders after the closing bell on Tuesday, December 1st.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) last released its 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 company had revenue of $19.24 million for the quarter, compared to analyst estimates of $19.10 million. Landmark Bancorp had a net margin of 21.19% and a return on equity of 12.68%. As a group, sell-side analysts anticipate that Landmark Bancorp Inc. will post 3.47 earnings per share for the current year.

Landmark Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Thursday, November 12th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, November 12th. Landmark Bancorp's payout ratio is 25.53%.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

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