Landmark Bancorp, Inc. (NASDAQ:LARK) Director Sells $490,600.00 in Stock

Landmark Bancorp, Inc. (NASDAQ:LARK - Get Free Report) Director Patrick L. Alexander sold 20,000 shares of the stock in a transaction dated 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 approximately $1,969,391.05. The trade was a 19.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Landmark Bancorp Trading Up 0.9 %

Shares of LARK stock traded up $0.24 on Friday, hitting $25.74. The company had a trading volume of 10,664 shares, compared to its average volume of 3,699. The firm has a market cap of $148.78 million, a P/E ratio of 11.36 and a beta of 0.46. The stock's 50-day moving average is $24.16 and its two-hundred day moving average is $22.06. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.80. Landmark Bancorp, Inc. has a twelve month low of $17.05 and a twelve month high of $26.75.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) last released 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 19th will be paid a dividend of $0.21 per share. The ex-dividend date is Wednesday, February 19th. This represents a $0.84 annualized dividend and a yield of 3.26%. This is a boost from Landmark Bancorp's previous quarterly dividend of $0.20. Landmark Bancorp's dividend payout ratio (DPR) is currently 35.32%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Landmark Bancorp in a research note on Monday, February 10th. They issued a "hold" rating for the company.

Institutional Investors Weigh In On Landmark Bancorp

Several large investors have recently added to or reduced their stakes in LARK. The Manufacturers Life Insurance Company grew its stake in Landmark Bancorp by 22.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 237,876 shares of the financial services provider's stock worth $5,711,000 after purchasing an additional 43,401 shares during the period. De Lisle Partners LLP boosted its holdings in Landmark Bancorp by 78.1% in the third quarter. De Lisle Partners LLP now owns 67,595 shares of the financial services provider's stock worth $1,369,000 after acquiring an additional 29,637 shares in the last quarter. Fourthstone LLC bought a new position in Landmark Bancorp in the fourth quarter worth approximately $466,000. Sanctuary Advisors LLC bought a new position in Landmark Bancorp in the second quarter worth approximately $338,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Landmark Bancorp by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 180,280 shares of the financial services provider's stock worth $4,329,000 after acquiring an additional 8,490 shares in the last quarter. Institutional investors and hedge funds 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.