Key Points
- Director Patrick Alexander sold 1,000 shares for $32,500 at an average price of $32.50, reducing his stake by 1.41% to 69,768 shares.
- Landmark Bancorp matched quarterly analyst estimates with earnings of $0.89 per share and reported $19.24 million in revenue, slightly above the $19.10 million consensus.
- The company declared a quarterly dividend of $0.21 per share, equivalent to a 2.6% yield, and announced a 1.05-for-1 stock split scheduled for December 2.
Landmark Bancorp Inc. (NASDAQ:LARK - Get Free Report) Director Patrick Alexander sold 1,000 shares of the business's stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $32.50, for a total value of $32,500.00. Following the completion of the transaction, the director directly owned 69,768 shares in the company, valued at $2,267,460. This represents a 1.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Landmark Bancorp Stock Down 1.4%
Shares of Landmark Bancorp stock opened at $31.90 on Wednesday. The stock's 50-day moving average is $31.86 and its 200 day moving average is $29.26. Landmark Bancorp Inc. has a one year low of $23.57 and a one year high of $34.60. The firm has a market cap of $194.59 million, a price-to-earnings ratio of 9.47 and a beta of 0.39. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.86.
Shares of Landmark Bancorp are going to split before the market opens on Wednesday, December 2nd. The 1.05-1 split was recently announced. The newly created shares will be distributed to shareholders after the closing bell on Tuesday, December 1st.
Landmark Bancorp (NASDAQ:LARK - Get Free Report) last issued its earnings results on Wednesday, October 28th. The financial services provider reported $0.89 earnings per share for the quarter, hitting analysts' consensus estimates of $0.89. Landmark Bancorp had a return on equity of 12.68% and a net margin of 21.19%. The business had revenue of $19.24 million during the quarter, compared to the consensus estimate of $19.10 million. Equities research analysts anticipate that Landmark Bancorp Inc. will post 3.46 EPS for the current year.
Landmark Bancorp Announces Dividend
The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $0.84 annualized dividend and a dividend yield of 2.6%. Landmark Bancorp's dividend payout ratio (DPR) is 24.93%.
Analyst Upgrades and Downgrades
LARK has been the subject of several research analyst reports. Zacks Research upgraded shares of Landmark Bancorp to a "hold" rating in a research note on Tuesday, August 4th. Wall Street Zen raised shares of Landmark Bancorp from a "hold" rating to a "buy" rating in a research note on Sunday, July 12th. Finally, Weiss Ratings raised shares of Landmark Bancorp from a "buy (b)" rating to a "buy (a-)" rating in a research note 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".
Read Our Latest Analysis on LARK
Institutional Trading of Landmark Bancorp
Several large investors have recently made changes to their positions in the company. Keating Financial Advisory Services Inc. bought a new stake in Landmark Bancorp in the 2nd quarter valued at about $114,000. Deutsche Bank AG acquired a new position in Landmark Bancorp during the 2nd quarter worth approximately $157,000. Hsbc Holdings PLC acquired a new position in Landmark Bancorp during the 2nd quarter worth approximately $225,000. Sanctuary Advisors LLC acquired a new position in Landmark Bancorp during the 2nd quarter worth approximately $362,000. Finally, Bank of New York Mellon Corp bought a new position in Landmark Bancorp in the second quarter worth approximately $449,000. 25.66% of the stock is currently owned by institutional investors and hedge funds.
About Landmark Bancorp
(
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.
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