Landmark Bancorp (NASDAQ:LARK) Stock: Insider Patrick Alexander Sells 350 Shares

Landmark Bancorp Inc. (NASDAQ:LARK – Get Free Report) Director Patrick Alexander sold 350 shares of the firm’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $32.50, for a total value of $11,375.00. Following the completion of the sale, the director directly owned 67,093 shares of the company’s stock, valued at $2,180,522.50. This trade represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Landmark Bancorp Trading Up 0.1%

Landmark Bancorp stock opened at $31.72 on Friday. The firm’s 50 day moving average price is $31.86 and its two-hundred day moving average price is $29.35. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a market cap of $193.49 million, a price-to-earnings ratio of 9.41 and a beta of 0.39. Landmark Bancorp Inc. has a 1 year low of $23.57 and a 1 year high of $34.60.

Landmark Bancorp’s stock is set to split on the morning of Wednesday, December 2nd. The 1.05-1 split was recently announced. The newly created shares will be issued to shareholders after the closing bell on Tuesday, December 1st.

Landmark Bancorp (NASDAQ:LARK – Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $0.89 EPS for the quarter, meeting analysts’ consensus estimates of $0.89. The business had revenue of $19.24 million during 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, research analysts predict that Landmark Bancorp Inc. will post 3.46 EPS for the current fiscal year.

Landmark Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Thursday, November 12th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, November 12th. Landmark Bancorp’s payout ratio is presently 24.93%.

Institutional Trading of Landmark Bancorp

Hedge funds have recently added to or reduced their stakes in the business. Keating Financial Advisory Services Inc. acquired a new position in Landmark Bancorp during the second quarter worth $114,000. Deutsche Bank AG bought a new stake in Landmark Bancorp in the 2nd quarter worth $157,000. Hsbc Holdings PLC purchased a new position in shares of Landmark Bancorp in the second quarter worth $225,000. Sanctuary Advisors LLC purchased a new position in shares of Landmark Bancorp in the 2nd quarter valued at approximately $362,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Landmark Bancorp in the 2nd quarter valued at about $449,000. 25.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wall Street Zen upgraded Landmark Bancorp from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Weiss Ratings upgraded Landmark Bancorp from a “buy (b)” rating to a “buy (a-)” rating in a research note on Friday, October 16th. Finally, Zacks Research raised shares of Landmark Bancorp to a “hold” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Landmark Bancorp currently has an average rating of “Buy”.

Check Out Our Latest Stock Analysis on LARK

Landmark Bancorp Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Landmark Bancorp (NASDAQ:LARK)

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