Landmark Bancorp Inc (NASDAQ:LARK) declared a quarterly dividend on Wednesday, January 31st, Wall Street Journal reports. Investors of record on Wednesday, February 21st will be paid a dividend of 0.20 per share by the financial services provider on Wednesday, March 7th. This represents a $0.80 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Tuesday, February 20th. This is a boost from Landmark Bancorp’s previous quarterly dividend of $0.19.
Landmark Bancorp (NASDAQ LARK) opened at $28.35 on Thursday. Landmark Bancorp has a 1-year low of $27.02 and a 1-year high of $32.00. The company has a market cap of $115.71, a price-to-earnings ratio of 29.18 and a beta of 0.46. The company has a current ratio of 0.63, a quick ratio of 0.62 and a debt-to-equity ratio of 0.99.
In related news, CEO Michael E. Scheopner sold 13,363 shares of the stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $28.75, for a total transaction of $384,186.25. Following the completion of the transaction, the chief executive officer now owns 78,153 shares in the company, valued at $2,246,898.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Patrick L. Alexander sold 5,000 shares of the stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $28.75, for a total transaction of $143,750.00. The disclosure for this sale can be found here. Insiders have sold 44,070 shares of company stock valued at $1,270,926 in the last 90 days. 24.20% of the stock is currently owned by corporate insiders.
An institutional investor recently raised its position in Landmark Bancorp stock. Northern Trust Corp increased its holdings in shares of Landmark Bancorp Inc (NASDAQ:LARK) by 2.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,543 shares of the financial services provider’s stock after purchasing an additional 432 shares during the quarter. Northern Trust Corp owned approximately 0.40% of Landmark Bancorp worth $466,000 as of its most recent SEC filing. 16.52% of the stock is currently owned by institutional investors.
Separately, TheStreet cut shares of Landmark Bancorp from a “b-” rating to a “c” rating in a report on Friday, December 1st.
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Landmark Bancorp Company Profile
Landmark Bancorp, Inc is the bank holding company for Landmark National Bank (the Bank). The Bank is principally engaged in the business of attracting deposits from the general public and using such deposits, together with borrowings and other funds, to originate one- to four-family residential real estate, construction and land, commercial real estate, commercial, agriculture, municipal and consumer loans.
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