Key Points
- Director Patrick Alexander sold 1,482 shares of Landmark Bancorp stock on May 28 at an average price of $28.50, totaling about $42,237. After the sale, he still owned 4,000 shares.
- Landmark Bancorp recently reported solid quarterly results, with EPS of $0.83 on revenue of $18.79 million. The company posted a net margin of 19.67% and return on equity of 12.22%.
- The bank continues to pay a dividend, issuing $0.21 per share for the quarter, which works out to an annualized yield of about 3.0%. Wall Street sentiment remains cautious, with a consensus rating of “Hold.”
Landmark Bancorp Inc. (NASDAQ:LARK - Get Free Report) Director Jim Lewis sold 800 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $28.14, for a total value of $22,512.00. Following the completion of the transaction, the director directly owned 154,586 shares in the company, valued at $4,350,050.04. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Landmark Bancorp Trading Down 0.6%
Shares of LARK opened at $28.42 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $173.36 million, a P/E ratio of 9.10 and a beta of 0.39. The stock's fifty day simple moving average is $26.70 and its 200 day simple moving average is $26.89. Landmark Bancorp Inc. has a twelve month low of $22.31 and a twelve month high of $29.46.
Landmark Bancorp (NASDAQ:LARK - Get Free Report) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $0.83 earnings per share for the quarter. The business had revenue of $18.79 million for the quarter. Landmark Bancorp had a return on equity of 12.22% and a net margin of 19.67%.
Landmark Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, May 14th. Landmark Bancorp's dividend payout ratio (DPR) is 26.92%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its position in Landmark Bancorp by 807.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,809 shares of the financial services provider's stock valued at $126,000 after purchasing an additional 4,279 shares during the period. New York State Common Retirement Fund purchased a new position in Landmark Bancorp in the second quarter valued at about $108,000. JPMorgan Chase & Co. raised its position in Landmark Bancorp by 72.8% in the third quarter. JPMorgan Chase & Co. now owns 3,764 shares of the financial services provider's stock valued at $100,000 after purchasing an additional 1,586 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Landmark Bancorp in the second quarter valued at about $66,000. Finally, Jones Financial Companies Lllp raised its position in Landmark Bancorp by 341.5% in 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 period. 25.66% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Landmark Bancorp in a research report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold".
Get Our Latest Stock Analysis on Landmark Bancorp
Landmark Bancorp Company Profile
(
Get Free Report)
Landmark Bancorp, Inc is the bank holding company for Landmark Community Bank, a community‐focused financial institution. The company provides a full range of deposit and lending products through its subsidiary, including checking and savings accounts, certificates of deposit, residential mortgages, home equity lines of credit and small business loans. Landmark Bancorp emphasizes personalized service, leveraging local decision-making to meet the unique needs of individuals and local enterprises.
In addition to traditional deposit and lending services, Landmark Bancorp offers comprehensive cash-management and treasury solutions for commercial clients.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
