Insider Selling: Landmark Bancorp, Inc. (NASDAQ:LARK) Director Sells 20,000 Shares of Stock

Landmark Bancorp, Inc. (NASDAQ:LARK) Director Patrick L. Alexander sold 20,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $24.53, for a total value of $490,600.00. Following the completion of the transaction, the director now owns 80,285 shares in the company, valued at approximately $1,969,391.05. This trade represents a 19.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Landmark Bancorp Stock Performance

NASDAQ:LARK opened at $25.13 on Thursday. The firm’s fifty day simple moving average is $24.10 and its 200 day simple moving average is $22.00. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.81. Landmark Bancorp, Inc. has a twelve month low of $17.05 and a twelve month high of $26.75. The firm has a market capitalization of $145.25 million, a price-to-earnings ratio of 11.09 and a beta of 0.46.

Landmark Bancorp (NASDAQ:LARK) last released its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $0.71 EPS for the quarter. Landmark Bancorp had a return on equity of 10.51% and a net margin of 14.51%.

Landmark Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Wednesday, February 19th. This is a boost from Landmark Bancorp’s previous quarterly dividend of $0.20. Landmark Bancorp’s dividend payout ratio is currently 35.32%.

Institutional Trading of Landmark Bancorp

A number of hedge funds have recently made changes to their positions in the company. CGN Advisors LLC boosted its stake in shares of Landmark Bancorp by 5.0% in the fourth quarter. CGN Advisors LLC now owns 11,045 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 526 shares during the period. Empowered Funds LLC lifted its holdings in Landmark Bancorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 13,613 shares of the financial services provider’s stock worth $275,000 after buying an additional 670 shares in the last quarter. Private Advisor Group LLC boosted its position in Landmark Bancorp by 5.0% in the 4th quarter. Private Advisor Group LLC now owns 13,969 shares of the financial services provider’s stock valued at $335,000 after buying an additional 660 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Landmark Bancorp during the second quarter valued at about $338,000. Finally, Geode Capital Management LLC grew its stake 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 valued at $1,087,000 after acquiring an additional 2,058 shares in the last quarter. Hedge funds and other institutional investors own 25.66% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Landmark Bancorp in a report on Monday. 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.