Landmark Bancorp (NASDAQ:LARK) Stock: Insider Patrick Alexander Sells 3,018 Shares

Key Points

• Director Patrick Alexander sold 3,018 Landmark Bancorp shares at an average price of $32.50, totaling $98,085; he retained 67,443 shares after the sale.
• Shares fell 2.1% to $31.70 during Thursday trading. The company also announced a 1.05-for-1 stock split scheduled for December 2.
• Landmark Bancorp matched quarterly EPS estimates at $0.89 and reported $19.24 million in revenue, slightly above forecasts. It declared a $0.21 quarterly dividend, equivalent to a 2.6% annualized yield.

Landmark Bancorp Inc. (NASDAQ:LARK - Get Free Report) Director Patrick Alexander sold 3,018 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $32.50, for a total transaction of $98,085.00. Following the transaction, the director directly owned 67,443 shares in the company, valued at approximately $2,191,897.50. This represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Landmark Bancorp Stock Down 2.1%

NASDAQ:LARK traded down $0.69 during trading hours on Thursday, reaching $31.70. The company had a trading volume of 6,920 shares, compared to its average volume of 7,205. Landmark Bancorp Inc. has a twelve month low of $23.57 and a twelve month 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 firm has a market cap of $193.37 million, a price-to-earnings ratio of 9.41 and a beta of 0.39. The business's 50-day simple moving average is $31.86 and its two-hundred day simple moving average is $29.32.

Landmark Bancorp's stock is going to split on the morning of Wednesday, December 2nd. The 1.05-1 split was recently announced. The newly created shares will be payable to shareholders after the market closes 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, meeting the consensus estimate of $0.89. The firm 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%. On average, equities analysts expect that Landmark Bancorp Inc. will post 3.46 earnings per share for the current year.

Landmark Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Thursday, November 12th will be paid 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 dividend payout ratio (DPR) is 24.93%.

Hedge Funds Weigh In On Landmark Bancorp

A number of hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC boosted its position in shares of Landmark Bancorp by 9.6% during the first quarter. Empowered Funds LLC now owns 23,425 shares of the financial services provider's stock valued at $581,000 after buying an additional 2,053 shares during the last quarter. Keating Financial Advisory Services Inc. bought a new stake in Landmark Bancorp during the second quarter worth $114,000. Deutsche Bank AG purchased a new stake in Landmark Bancorp in the 2nd quarter valued at $157,000. Hsbc Holdings PLC purchased a new stake in Landmark Bancorp in the 2nd quarter valued at $225,000. Finally, Sanctuary Advisors LLC purchased a new stake in Landmark Bancorp in the 2nd quarter valued at $362,000. Institutional investors and hedge funds own 25.66% of the company's stock.

Analyst Ratings Changes

LARK has been the topic of a number of research reports. Weiss Ratings raised Landmark Bancorp from a "buy (b)" rating to a "buy (a-)" rating in a research report on Friday, October 16th. Zacks Research upgraded Landmark Bancorp to a "hold" rating in a report on Tuesday, August 4th. Finally, Wall Street Zen raised shares of Landmark Bancorp from a "hold" rating to a "buy" rating in a research report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy".

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 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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