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 company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $24.53, for a total transaction of $490,600.00. Following the completion of the sale, the director now directly owns 80,285 shares in the company, valued at $1,969,391.05. This trade represents a 19.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Landmark Bancorp Trading Up 0.8 %

Landmark Bancorp stock opened at $25.13 on Thursday. The stock has a 50-day moving average price of $24.10 and a 200 day moving average price of $22.00. Landmark Bancorp, Inc. has a 52 week low of $17.05 and a 52 week high of $26.75. The stock has a market cap of $145.25 million, a PE ratio of 11.09 and a beta of 0.46. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.81.

Landmark Bancorp (NASDAQ:LARK) last issued its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $0.71 EPS for the quarter. Landmark Bancorp had a net margin of 14.51% and a return on equity of 10.51%.

Landmark Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th will be issued a dividend of $0.21 per share. This is a boost from Landmark Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $0.84 annualized dividend and a dividend yield of 3.34%. Landmark Bancorp’s dividend payout ratio (DPR) is 35.32%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Landmark Bancorp in a research note on Monday. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On Landmark Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in Landmark Bancorp by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 45,250 shares of the financial services provider’s stock valued at $1,087,000 after buying an additional 2,058 shares during the period. Private Advisor Group LLC boosted its position in shares of Landmark Bancorp by 5.0% in the fourth quarter. Private Advisor Group LLC now owns 13,969 shares of the financial services provider’s stock worth $335,000 after acquiring an additional 660 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its holdings in Landmark Bancorp by 4.4% in 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 purchasing an additional 5,353 shares during the period. Empowered Funds LLC grew its holdings in Landmark Bancorp by 6.9% in the fourth quarter. Empowered Funds LLC now owns 14,556 shares of the financial services provider’s stock valued at $349,000 after purchasing an additional 943 shares during the period. Finally, CGN Advisors LLC raised its stake in Landmark Bancorp by 5.0% during the fourth quarter. CGN Advisors LLC now owns 11,045 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 526 shares during the period. Hedge funds and other institutional investors own 25.66% of the company’s stock.

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.