Landmark Bancorp, Inc. plans quarterly dividend of $0.21 (NASDAQ:LARK)
Landmark Bancorp, Inc. (NASDAQ:LARK – Get Rating) announced a quarterly dividend on Wednesday, April 27, Zacks reports. Shareholders of record on Wednesday May 11 will receive a dividend of 0.21 per share from the financial services provider on Wednesday May 25. This represents a dividend of $0.84 on an annualized basis and a yield of 3.27%. The ex-dividend date is Tuesday, May 10.
Landmark Bancorp has increased its dividend payout by an average of 5.0% per year over the past three years and has increased its dividend annually for the past 8 consecutive years.
Landmark Bancorp shares opened at $25.69 on Friday. Landmark Bancorp has a 52-week minimum of $23.38 and a 52-week maximum of $31.50. The stock has a 50-day simple moving average of $26.65 and a 200-day simple moving average of $27.86. The company has a debt ratio of 0.16, a current ratio of 0.75 and a quick ratio of 0.74. The company has a market capitalization of $128.37 million, a price-earnings ratio of 7.13 and a beta of 0.42.
Landmark Bancorp (NASDAQ:LARK – Get Rating) released its quarterly results for the last time on Tuesday, February 1. The financial services provider reported earnings per share of $0.63 for the quarter. Landmark Bancorp had a net margin of 29.01% and a return on equity of 13.55%. The company had revenue of $13.73 million for the quarter.
In related news, director Patrick L. Alexander sold 2,500 shares of Landmark Bancorp in a trade that took place on Thursday, March 3. The shares were sold at an average price of $27.26, for a total transaction of $68,150.00. The transaction was disclosed in a filing with the SEC, accessible via this link. 17.10% of the shares are currently held by insiders of the company.
Several institutional investors have recently bought and sold shares of LARK. Royal Bank of Canada increased its holdings of Landmark Bancorp shares by 97.5% in the second quarter. Royal Bank of Canada now owns 1,550 shares of the financial services provider valued at $42,000 after acquiring an additional 765 shares last quarter. State Street Corp increased its stake in Landmark Bancorp by 5.0% in the fourth quarter. State Street Corp now owns 8,489 shares of the financial services provider valued at $242,000 after purchasing an additional 403 shares during the period. Geode Capital Management LLC increased its position in Landmark Bancorp shares by 55.8% during the third quarter. Geode Capital Management LLC now owns 11,837 shares of the financial services provider valued at $327,000 after purchasing an additional 4,241 shares in the last quarter. BlackRock Inc. increased its position in Landmark Bancorp shares by 9.3% during the fourth quarter. BlackRock Inc. now owns 12,231 shares of the financial services provider valued at $351,000 after buying an additional 1,038 shares in the last quarter. Finally, Millennium Management LLC increased its equity stake in Landmark Bancorp by 4.1% in the 4th quarter. Millennium Management LLC now owns 12,417 shares of the financial services provider worth $354,000 after purchasing an additional 492 shares in the last quarter. 24.57% of the shares are currently held by hedge funds and other institutional investors.
Separately, StockNews.com began covering Landmark Bancorp in a report on Wednesday. They issued a “buy” rating for the company.
About Landmark Bancorp (Get an evaluation)
Landmark Bancorp, Inc operates as a financial holding company for Landmark National Bank which provides various financial and banking services to its local communities. It offers current, money market, non-interest bearing checking and savings accounts, as well as certificates of deposit. The company also has residential real estate for one to four families, construction and land, commercial real estate, paycheck protection program, municipal and agricultural loans; and consumer and other loans, including auto, boat and home improvement loans and home equity loans, as well as insurance and mobile and online banking.
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