Kennedy Capital Management Inc. raised its holdings in Landmark Bancorp Inc (NASDAQ:LARK) by 571.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 58,720 shares of the financial services provider’s stock after purchasing an additional 49,972 shares during the quarter. Kennedy Capital Management Inc. owned 1.44% of Landmark Bancorp worth $1,702,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Northern Trust Corp raised its position in Landmark Bancorp by 2.9% during the 2nd quarter. Northern Trust Corp now owns 15,543 shares of the financial services provider’s stock worth $466,000 after purchasing an additional 432 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Landmark Bancorp by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 105,997 shares of the financial services provider’s stock worth $3,265,000 after purchasing an additional 1,384 shares during the last quarter. Royce & Associates LP raised its position in shares of Landmark Bancorp by 38.4% in the 3rd quarter. Royce & Associates LP now owns 69,864 shares of the financial services provider’s stock worth $1,974,000 after acquiring an additional 19,383 shares in the last quarter. Finally, Koshinski Asset Management Inc. raised its position in shares of Landmark Bancorp by 14.6% in the 4th quarter. Koshinski Asset Management Inc. now owns 78,717 shares of the financial services provider’s stock worth $2,283,000 after acquiring an additional 10,053 shares in the last quarter. Institutional investors own 18.61% of the company’s stock.
In other Landmark Bancorp news, CFO Mark A. Herpich sold 3,825 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $28.90, for a total transaction of $110,542.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Patrick L. Alexander sold 9,843 shares of the business’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $29.13, for a total transaction of $286,726.59. Following the transaction, the insider now owns 137,153 shares of the company’s stock, valued at $3,995,266.89. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,982 shares of company stock worth $666,446. Insiders own 24.20% of the company’s stock.
Separately, TheStreet upgraded Landmark Bancorp from a “c” rating to a “b” rating in a research note on Wednesday.
LARK stock traded up $0.29 during mid-day trading on Friday, reaching $28.60. 4,545 shares of the company traded hands, compared to its average volume of 3,665. Landmark Bancorp Inc has a fifty-two week low of $27.02 and a fifty-two week high of $32.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.60 and a current ratio of 0.61. The company has a market capitalization of $116.19, a P/E ratio of 29.14 and a beta of 0.43.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 7th. Shareholders of record on Wednesday, February 21st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $0.80 annualized dividend and a dividend yield of 2.80%. This is a boost from Landmark Bancorp’s previous quarterly dividend of $0.19.
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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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