Landmark Bancorp, Inc. (NASDAQ:LARK) Director Michael E. Scheopner Sells 3,097 Shares

Landmark Bancorp, Inc. (NASDAQ:LARK) Director Michael E. Scheopner sold 3,097 shares of Landmark Bancorp stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $25.31, for a total value of $78,385.07. Following the completion of the sale, the director now owns 131,269 shares in the company, valued at approximately $3,322,418.39. This trade represents a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Landmark Bancorp Price Performance

Shares of NASDAQ:LARK opened at $25.50 on Friday. The company has a market cap of $147.29 million, a P/E ratio of 11.26 and a beta of 0.46. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.81. Landmark Bancorp, Inc. has a 52 week low of $17.05 and a 52 week high of $26.75. The business has a fifty day simple moving average of $24.12 and a 200-day simple moving average of $22.03.

Landmark Bancorp (NASDAQ:LARK) last announced its quarterly earnings data 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 declared a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Wednesday, February 19th. This is an increase from Landmark Bancorp’s previous quarterly dividend of $0.20. Landmark Bancorp’s payout ratio is 37.00%.

Institutional Investors Weigh In On Landmark Bancorp

Institutional investors have recently added to or reduced their stakes in the company. CGN Advisors LLC grew its position 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 valued at $265,000 after acquiring an additional 526 shares during the period. Empowered Funds LLC boosted its position in shares of Landmark Bancorp by 5.2% in the third quarter. Empowered Funds LLC now owns 13,613 shares of the financial services provider’s stock worth $275,000 after buying an additional 670 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 buying an additional 660 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Landmark Bancorp in the second quarter worth about $338,000. Finally, Fourthstone LLC purchased a new stake in shares of Landmark Bancorp in the fourth quarter worth about $466,000. Hedge funds and other institutional investors own 25.66% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.