Landmark Bancorp Inc. (NASDAQ:LARK) Plans $0.21 Quarterly Dividend

Landmark Bancorp Inc. (NASDAQ:LARK - Get Free Report) announced a quarterly dividend on Thursday, July 24th, RTT News reports. Investors of record on Wednesday, August 13th will be given a dividend of 0.21 per share by the financial services provider on Wednesday, August 27th. This represents a $0.84 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Wednesday, August 13th.

Landmark Bancorp Stock Up 0.1%

Shares of LARK stock traded up $0.03 on Monday, hitting $26.22. The company's stock had a trading volume of 625 shares, compared to its average volume of 21,169. The stock has a market capitalization of $151.52 million, a price-to-earnings ratio of 9.38 and a beta of 0.22. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.82 and a quick ratio of 0.81. Landmark Bancorp has a fifty-two week low of $18.34 and a fifty-two week high of $31.04. The firm's fifty day moving average price is $27.44 and its 200-day moving average price is $26.59.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) last released its earnings results on Thursday, July 24th. The financial services provider reported $0.75 earnings per share for the quarter. The firm had revenue of $17.31 million during the quarter. Landmark Bancorp had a net margin of 17.55% and a return on equity of 12.28%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Landmark Bancorp from a "buy" rating to a "hold" rating in a research report on Saturday.

Insiders Place Their Bets

In related news, Director Michael E. Scheopner sold 916 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $29.80, for a total value of $27,296.80. Following the sale, the director owned 90,308 shares of the company's stock, valued at $2,691,178.40. The trade was a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 44,058 shares of company stock valued at $1,321,347 over the last quarter. Insiders own 12.80% of the company's stock.

Institutional Trading of Landmark Bancorp

Several large investors have recently added to or reduced their stakes in LARK. Jane Street Group LLC bought a new stake in Landmark Bancorp during the first quarter worth about $308,000. Goldman Sachs Group Inc. bought a new stake in shares of Landmark Bancorp during the first quarter valued at approximately $213,000. Jones Financial Companies Lllp grew its stake in shares of Landmark Bancorp by 341.5% during the first quarter. Jones Financial Companies Lllp now owns 2,000 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 1,547 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Landmark Bancorp by 2.6% during the first quarter. Empowered Funds LLC now owns 14,933 shares of the financial services provider's stock valued at $407,000 after purchasing an additional 377 shares during the last quarter. 25.66% of the stock is owned by institutional investors.

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.