Landmark Bancorp, Inc. (NASDAQ:LARK) Director Sells $1,232,150.58 in Stock

Landmark Bancorp, Inc. (NASDAQ:LARK - Get Free Report) Director Michael E. Scheopner sold 41,058 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $30.01, for a total transaction of $1,232,150.58. Following the completion of the sale, the director now directly owns 80,316 shares of the company's stock, valued at approximately $2,410,283.16. This trade represents a 33.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Landmark Bancorp Stock Up 0.0%

NASDAQ LARK traded up $0.01 during trading hours on Monday, hitting $29.70. The company had a trading volume of 1,439 shares, compared to its average volume of 9,477. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.80 and a quick ratio of 0.79. The firm's 50 day moving average is $27.24 and its 200 day moving average is $24.88. The company has a market capitalization of $171.64 million, a price-to-earnings ratio of 13.14 and a beta of 0.28. Landmark Bancorp, Inc. has a fifty-two week low of $17.53 and a fifty-two week high of $31.04.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter. Landmark Bancorp had a net margin of 14.51% and a return on equity of 10.51%. The business had revenue of $16.48 million during the quarter.

Landmark Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be paid a dividend of $0.21 per share. The ex-dividend date is Wednesday, May 21st. This represents a $0.84 annualized dividend and a yield of 2.83%. Landmark Bancorp's dividend payout ratio is 32.43%.

Institutional Trading of Landmark Bancorp

Several institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its position in Landmark Bancorp by 22.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 237,876 shares of the financial services provider's stock worth $5,711,000 after buying an additional 43,401 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Landmark Bancorp by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 180,280 shares of the financial services provider's stock valued at $4,329,000 after buying an additional 8,490 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its stake in Landmark Bancorp by 4.4% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 127,957 shares of the financial services provider's stock worth $3,072,000 after purchasing an additional 5,353 shares during the period. Geode Capital Management LLC grew its holdings in shares of Landmark Bancorp by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 45,250 shares of the financial services provider's stock worth $1,087,000 after buying an additional 2,058 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its stake in shares of Landmark Bancorp by 4.1% during the 4th quarter. Bridgeway Capital Management LLC now owns 42,771 shares of the financial services provider's stock worth $1,027,000 after acquiring an additional 1,667 shares in the last quarter. 25.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Landmark Bancorp in a report on Saturday, March 22nd. They issued a "hold" rating on the stock.

About Landmark Bancorp

Landmark Bancorp, Inc operates as the financial holding company for Landmark National Bank that provides various financial and banking services to its local communities. It offers non-interest bearing demand, money market, checking, and savings accounts, as well as certificates of deposit. The company also provides one-to-four family residential real estate, construction and land, commercial real estate, commercial, paycheck protection program, municipal, and agriculture loans; and consumer and other loans, such as automobile, boat, and home improvement and home equity loans, as well as insurance, and mobile and online banking services.