Fourthstone LLC Purchases New Shares in Landmark Bancorp, Inc. (NASDAQ:LARK)

Fourthstone LLC acquired a new position in Landmark Bancorp, Inc. (NASDAQ:LARK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,397 shares of the financial services provider's stock, valued at approximately $466,000. Fourthstone LLC owned 0.34% of Landmark Bancorp as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. CGN Advisors LLC raised its stake in shares of Landmark Bancorp by 5.0% during the 4th quarter. CGN Advisors LLC now owns 11,045 shares of the financial services provider's stock worth $265,000 after buying an additional 526 shares during the period. Empowered Funds LLC increased its position in shares of Landmark Bancorp by 6.9% during the 4th quarter. Empowered Funds LLC now owns 14,556 shares of the financial services provider's stock worth $349,000 after purchasing an additional 943 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its position in shares of Landmark Bancorp by 4.4% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 127,957 shares of the financial services provider's stock worth $3,072,000 after purchasing an additional 5,353 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Landmark Bancorp by 5.0% during the 4th quarter. Private Advisor Group LLC now owns 13,969 shares of the financial services provider's stock worth $335,000 after purchasing an additional 660 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of 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 purchasing an additional 2,058 shares in the last quarter. 25.66% of the stock is currently owned by institutional investors and hedge funds.

Landmark Bancorp Price Performance

NASDAQ LARK traded up $0.44 during trading hours on Tuesday, reaching $29.48. The company's stock had a trading volume of 26,470 shares, compared to its average volume of 7,748. Landmark Bancorp, Inc. has a fifty-two week low of $17.05 and a fifty-two week high of $29.92. The stock has a market cap of $170.42 million, a PE ratio of 13.01 and a beta of 0.30. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.80. The company's 50-day moving average is $25.84 and its two-hundred day moving average is $23.98.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $0.71 earnings per share 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 was paid on Wednesday, March 5th. Investors of record on Wednesday, February 19th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.84 dividend on an annualized basis and a yield of 2.85%. This is a positive change from Landmark Bancorp's previous quarterly dividend of $0.20. Landmark Bancorp's dividend payout ratio (DPR) is 37.00%.

Insider Buying and Selling at Landmark Bancorp

In related news, Director Patrick L. Alexander sold 20,000 shares of Landmark Bancorp stock in a transaction on Monday, February 10th. The stock was sold at an average price of $24.53, for a total value of $490,600.00. Following the transaction, the director now owns 80,285 shares in the company, valued at approximately $1,969,391.05. This trade represents a 19.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael E. Scheopner sold 3,097 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $25.31, for a total value of $78,385.07. Following the sale, the director now owns 131,269 shares of the company's stock, valued at $3,322,418.39. The trade was a 2.30 % decrease in their position. The disclosure for this sale can be found here. 17.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Landmark Bancorp in a research note on Saturday, March 22nd. They set a "hold" rating on the stock.

Landmark Bancorp Profile

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.