Key Points
- Director Patrick Alexander sold 350 shares at $32.50 each, totaling $11,375; he still directly owns 67,093 shares after the sale.
- Landmark announced a 1.05-for-1 stock split, with new shares due to be issued after the market closes December 1.
- The company matched quarterly EPS estimates at $0.89 and reported $19.24 million in revenue, slightly above consensus; it also declared a $0.21-per-share quarterly dividend.
Landmark Bancorp Inc. (NASDAQ:LARK - Get Free Report) Director Patrick Alexander sold 350 shares of Landmark Bancorp stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $32.50, for a total transaction of $11,375.00. Following the sale, the director directly owned 67,093 shares in the company, valued at $2,180,522.50. The trade was a 0.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Landmark Bancorp Price Performance
Shares of NASDAQ LARK opened at $31.70 on Friday. Landmark Bancorp Inc. has a 1 year low of $23.57 and a 1 year high of $34.60. The stock has a market capitalization of $193.37 million, a P/E ratio of 9.41 and a beta of 0.39. The company's 50-day moving average is $31.86 and its 200 day moving average is $29.32. 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 issued to shareholders after the closing bell on Tuesday, December 1st.
Landmark Bancorp (NASDAQ:LARK - Get Free Report) last posted 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 firm had revenue of $19.24 million for the quarter, compared to the consensus estimate of $19.10 million. On average, sell-side analysts expect that Landmark Bancorp Inc. will post 3.46 earnings per share for the current year.
Landmark Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Thursday, November 12th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, November 12th. This represents a $0.84 annualized dividend and a dividend yield of 2.6%. Landmark Bancorp's payout ratio is currently 24.93%.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on LARK shares. Weiss Ratings upgraded Landmark Bancorp from a "buy (b)" rating to a "buy (a-)" rating in a report on Friday, October 16th. Wall Street Zen raised Landmark Bancorp from a "hold" rating to a "buy" rating in a research report on Sunday, July 12th. Finally, Zacks Research upgraded shares of Landmark Bancorp to a "hold" rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy".
Get Our Latest Analysis on Landmark Bancorp
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in Landmark Bancorp in the second quarter worth $10,720,000. The Manufacturers Life Insurance Company bought a new position in shares of Landmark Bancorp during the second quarter valued at $9,178,000. De Lisle Partners LLP bought a new position in shares of Landmark Bancorp during the second quarter valued at $1,724,000. Empowered Funds LLC bought a new position in shares of Landmark Bancorp during the second quarter valued at $772,000. Finally, OneDigital Investment Advisors LLC purchased a new position in shares of Landmark Bancorp in the 2nd quarter worth about $675,000. Hedge funds and other institutional investors own 25.66% of the company's stock.
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.
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