Landmark Bancorp, Inc. (NASDAQ:LARK) Short Interest Up 89.0% in February

Landmark Bancorp, Inc. (NASDAQ:LARK - Get Free Report) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 46,300 shares, an increase of 89.0% from the February 13th total of 24,500 shares. Based on an average trading volume of 8,200 shares, the days-to-cover ratio is currently 5.6 days. Currently, 1.1% of the shares of the stock are sold short.

Insider Activity at Landmark Bancorp

In related news, Director Patrick L. Alexander sold 20,000 shares of the firm's stock in a transaction that occurred on 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 owns 80,285 shares of the company's stock, valued at $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 is available at the SEC website. Also, Director Michael E. Scheopner sold 3,097 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $25.31, for a total transaction of $78,385.07. Following the sale, the director now directly owns 131,269 shares of the company's stock, valued at $3,322,418.39. This trade represents a 2.30 % decrease in their position. The disclosure for this sale can be found here. 17.20% of the stock is owned by insiders.

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Institutional Trading of Landmark Bancorp

Large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its holdings in Landmark Bancorp by 22.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 237,876 shares of the financial services provider's stock valued at $5,711,000 after purchasing an additional 43,401 shares during the last quarter. De Lisle Partners LLP grew its holdings in Landmark Bancorp by 78.1% during the 3rd quarter. De Lisle Partners LLP now owns 67,595 shares of the financial services provider's stock valued at $1,369,000 after purchasing an additional 29,637 shares during the last quarter. Fourthstone LLC bought a new position in Landmark Bancorp during the 4th quarter valued at about $466,000. Dimensional Fund Advisors LP grew its holdings in Landmark Bancorp by 4.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 180,280 shares of the financial services provider's stock valued at $4,329,000 after purchasing an additional 8,490 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Landmark Bancorp by 35.0% during the 4th quarter. Northern Trust Corp now owns 21,017 shares of the financial services provider's stock valued at $505,000 after purchasing an additional 5,447 shares during the last quarter. 25.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Landmark Bancorp in a research note on Friday. They set a "hold" rating on the stock.

Landmark Bancorp Price Performance

NASDAQ LARK traded down $0.15 on Tuesday, reaching $24.82. The company had a trading volume of 7,289 shares, compared to its average volume of 4,690. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $143.36 million, a PE ratio of 10.96 and a beta of 0.43. The firm's 50 day moving average price is $24.19 and its 200 day moving average price is $22.72. Landmark Bancorp has a 12 month low of $17.05 and a 12 month high of $26.75.

Landmark Bancorp (NASDAQ:LARK - Get Free Report) last posted its earnings results on Tuesday, February 4th. The financial services provider reported $0.71 earnings per share 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 announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were issued a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This is an increase from Landmark Bancorp's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.38%. Landmark Bancorp's payout ratio is 37.00%.

Landmark Bancorp Company 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.