Insider Selling: Landmark Bancorp (NASDAQ:LARK) Director Sells $32,500.00 in Stock

by · The Markets Daily

Landmark Bancorp Inc. (NASDAQ:LARK – Get Free Report) Director Patrick Alexander sold 1,000 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $32.50, for a total transaction of $32,500.00. Following the sale, the director owned 69,768 shares of the company’s stock, valued at $2,267,460. This trade represents a 1.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Landmark Bancorp Price Performance

LARK stock traded down $0.45 during trading on Tuesday, hitting $31.90. 6,338 shares of the stock traded hands, compared to its average volume of 8,868. Landmark Bancorp Inc. has a one year low of $23.57 and a one year high of $34.60. The stock has a market cap of $194.62 million, a price-to-earnings ratio of 9.47 and a beta of 0.39. The company has a 50 day simple moving average of $31.86 and a 200 day simple moving average of $29.22. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.63.

Landmark Bancorp shares are set to split on the morning of Wednesday, December 2nd. The 1.05-1 split was recently announced. The newly issued shares will be issued to shareholders after the market closes on Tuesday, December 1st.

Landmark Bancorp (NASDAQ:LARK – Get Free Report) last released 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 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%. Equities analysts expect that Landmark Bancorp Inc. will post 3.47 EPS for the current fiscal year.

Landmark Bancorp Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Analysis on Landmark Bancorp

Institutional Investors Weigh In On Landmark Bancorp

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

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.

Featured Stories