Landmark Bancorp, Inc. (NASDAQ:LARK) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its position in shares of Landmark Bancorp, Inc. (NASDAQ:LARK - Free Report) by 22.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 237,876 shares of the financial services provider's stock after purchasing an additional 43,401 shares during the period. The Manufacturers Life Insurance Company owned about 4.12% of Landmark Bancorp worth $5,711,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. CGN Advisors LLC lifted its position in shares of Landmark Bancorp by 5.0% during the fourth quarter. CGN Advisors LLC now owns 11,045 shares of the financial services provider's stock valued at $265,000 after buying an additional 526 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Landmark Bancorp by 5.0% during the fourth quarter. Private Advisor Group LLC now owns 13,969 shares of the financial services provider's stock worth $335,000 after purchasing an additional 660 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of Landmark Bancorp by 5.0% during the 4th quarter. OneDigital Investment Advisors LLC now owns 14,053 shares of the financial services provider's stock valued at $337,000 after purchasing an additional 671 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Landmark Bancorp by 6.9% in the 4th quarter. Empowered Funds LLC now owns 14,556 shares of the financial services provider's stock worth $349,000 after purchasing an additional 943 shares in the last quarter. Finally, Fourthstone LLC purchased a new position in Landmark Bancorp during the 4th quarter worth $466,000. Institutional investors own 25.66% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, Director Patrick L. Alexander sold 20,000 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $24.53, for a total value of $490,600.00. Following the sale, the director now owns 80,285 shares in the company, valued at $1,969,391.05. This represents a 19.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael E. Scheopner sold 41,058 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $30.01, for a total transaction of $1,232,150.58. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold 64,155 shares of company stock valued at $1,801,136 over the last quarter. 17.20% of the stock is currently owned by company insiders.

Landmark Bancorp Stock Performance

NASDAQ:LARK traded up $0.91 during trading hours on Friday, hitting $29.72. 76,524 shares of the company were exchanged, compared to its average volume of 9,476. The company's 50 day moving average price is $27.24 and its 200-day moving average price is $24.82. The stock has a market capitalization of $171.75 million, a price-to-earnings ratio of 13.12 and a beta of 0.28. Landmark Bancorp, Inc. has a 52-week low of $17.53 and a 52-week high of $31.04. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.80 and a quick ratio of 0.79.

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

Landmark Bancorp Announces Dividend

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

Landmark Bancorp Company Profile

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.