Insider Selling: Landmark Bancorp (NASDAQ:LARK) Director Sells 9,000 Shares of Stock

Key Points

  • Director Patrick Alexander sold 9,000 shares of Landmark Bancorp at an average price of $28.54 on Dec. 11, totaling $256,860 and reducing his stake by 11.18% to 71,519 shares, according to an SEC filing.
  • Shares opened at $28.59 (down 0.4%), trading within a 52‑week range of $20.99–$29.56, with a market cap of $173.8M and a P/E of 10.07.
  • The company reported quarterly EPS of $0.85 (ROE 12.44%) on $18.16M revenue, and pays a $0.20 quarterly dividend (annualized $0.80, ~2.8% yield; payout ratio 28.17%).

Landmark Bancorp Inc. (NASDAQ:LARK - Get Free Report) Director Patrick Alexander sold 9,000 shares of the firm's stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $28.54, for a total transaction of $256,860.00. Following the completion of the sale, the director owned 71,519 shares in the company, valued at $2,041,152.26. This represents a 11.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Landmark Bancorp Stock Down 0.4%

Shares of LARK opened at $28.59 on Friday. Landmark Bancorp Inc. has a 52 week low of $20.99 and a 52 week high of $29.56. The firm has a market capitalization of $173.83 million, a P/E ratio of 10.07 and a beta of 0.27. The company has a 50-day simple moving average of $25.77 and a 200-day simple moving average of $25.55. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.84 and a current ratio of 0.84.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter. Landmark Bancorp had a return on equity of 12.44% and a net margin of 18.32%.The firm had revenue of $18.16 million for the quarter.

Landmark Bancorp Cuts Dividend




The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Wednesday, November 12th. Landmark Bancorp's dividend payout ratio is presently 28.17%.

Hedge Funds Weigh In On Landmark Bancorp

A number of hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its position in shares of Landmark Bancorp by 55.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,103 shares of the financial services provider's stock worth $29,000 after buying an additional 392 shares during the period. Jones Financial Companies Lllp raised its stake in 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 worth $54,000 after acquiring an additional 1,547 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Landmark Bancorp by 8,612.0% during the second quarter. JPMorgan Chase & Co. now owns 2,178 shares of the financial services provider's stock valued at $58,000 after acquiring an additional 2,153 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Landmark Bancorp in the 2nd quarter valued at $66,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Landmark Bancorp in the 2nd quarter valued at $108,000. 25.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Landmark Bancorp in a research report on Monday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".

View Our Latest Analysis on LARK

Landmark Bancorp Company Profile

(Get Free Report)

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.

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