Landmark Bancorp, Inc. Plans Quarterly Dividend of $0.21 (NASDAQ:LARK)

Landmark Bancorp, Inc. (NASDAQ:LARKGet Rating) announced a quarterly dividend on Wednesday, April 27th, Zacks reports. Shareholders of record on Wednesday, May 11th will be given a dividend of 0.21 per share by the financial services provider on Wednesday, May 25th. This represents a $0.84 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Tuesday, May 10th.

Landmark Bancorp has raised its dividend payment by an average of 5.0% per year over the last three years and has raised its dividend annually for the last 8 consecutive years.

Shares of Landmark Bancorp stock opened at $25.69 on Friday. Landmark Bancorp has a 52-week low of $23.38 and a 52-week high 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-to-equity ratio of 0.16, a current ratio of 0.75 and a quick ratio of 0.74. The firm has a market cap of $128.37 million, a price-to-earnings ratio of 7.13 and a beta of 0.42.

Landmark Bancorp (NASDAQ:LARKGet Rating) last posted its quarterly earnings results on Tuesday, February 1st. The financial services provider reported $0.63 earnings per share for the quarter. Landmark Bancorp had a net margin of 29.01% and a return on equity of 13.55%. The firm had revenue of $13.73 million for the quarter.

In related news, Director Patrick L. Alexander sold 2,500 shares of Landmark Bancorp stock in a transaction that occurred on Thursday, March 3rd. 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, which can be accessed through this link. 17.10% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of LARK. Royal Bank of Canada grew its holdings in shares of Landmark Bancorp by 97.5% in the second quarter. Royal Bank of Canada now owns 1,550 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 765 shares in the last quarter. State Street Corp grew its stake in Landmark Bancorp by 5.0% in the 4th quarter. State Street Corp now owns 8,489 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 403 shares during the period. Geode Capital Management LLC increased its position in shares of Landmark Bancorp by 55.8% during the 3rd quarter. Geode Capital Management LLC now owns 11,837 shares of the financial services provider’s stock valued at $327,000 after purchasing an additional 4,241 shares during the last quarter. BlackRock Inc. increased its position in shares of Landmark Bancorp by 9.3% during the 4th quarter. BlackRock Inc. now owns 12,231 shares of the financial services provider’s stock valued at $351,000 after purchasing an additional 1,038 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Landmark Bancorp by 4.1% in the 4th quarter. Millennium Management LLC now owns 12,417 shares of the financial services provider’s stock worth $354,000 after buying an additional 492 shares during the last quarter. 24.57% of the stock is currently owned by hedge funds and other institutional investors.

Separately, StockNews.com started coverage on Landmark Bancorp in a report on Wednesday. They issued a “buy” rating for the company.

About Landmark Bancorp (Get Rating)

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 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, including automobile, boat, and home improvement and home equity loans, as well as insurance, and mobile and online banking services.

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Dividend History for Landmark Bancorp (NASDAQ:LARK)

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