Patrick L. Alexander Sells 20,000 Shares of Landmark Bancorp, Inc. (NASDAQ:LARK) Stock

Landmark Bancorp, Inc. (NASDAQ:LARK) Director Patrick L. Alexander sold 20,000 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $24.53, for a total value of $490,600.00. Following the completion of the sale, the director now directly owns 80,285 shares of the company’s stock, valued at $1,969,391.05. This represents a 19.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Landmark Bancorp Stock Up 0.7 %

Shares of LARK stock opened at $24.93 on Wednesday. The stock has a market cap of $144.10 million, a P/E ratio of 11.01 and a beta of 0.46. Landmark Bancorp, Inc. has a one year low of $17.05 and a one year high of $25.25. The stock has a fifty day moving average price of $24.07 and a 200 day moving average price of $21.98. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.80 and a quick ratio of 0.79.

Landmark Bancorp (NASDAQ:LARK) last issued its earnings results 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 19th will be given a $0.21 dividend. This is a boost from Landmark Bancorp’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 3.37%. The ex-dividend date is Wednesday, February 19th. Landmark Bancorp’s dividend payout ratio (DPR) is 35.32%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Landmark Bancorp in a research report on Monday. They issued a “hold” rating for the company.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC lifted its holdings in shares of Landmark Bancorp by 5.0% during the fourth quarter. Private Advisor Group LLC now owns 13,969 shares of the financial services provider’s stock valued at $335,000 after acquiring an additional 660 shares during the period. Kornitzer Capital Management Inc. KS lifted its holdings in shares of Landmark Bancorp by 4.4% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 127,957 shares of the financial services provider’s stock valued at $3,072,000 after acquiring an additional 5,353 shares during the period. Empowered Funds LLC lifted its holdings in shares of Landmark Bancorp by 6.9% during the fourth quarter. Empowered Funds LLC now owns 14,556 shares of the financial services provider’s stock valued at $349,000 after acquiring an additional 943 shares during the period. CGN Advisors LLC lifted its holdings in shares of Landmark Bancorp by 5.0% during the fourth quarter. CGN Advisors LLC now owns 11,045 shares of the financial services provider’s stock valued at $265,000 after acquiring an additional 526 shares during the period. Finally, De Lisle Partners LLP lifted its holdings in shares of Landmark Bancorp by 78.1% during the third quarter. De Lisle Partners LLP now owns 67,595 shares of the financial services provider’s stock valued at $1,369,000 after acquiring an additional 29,637 shares during the period. 25.66% of the stock is owned by institutional investors.

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.