Bank of America Corp DE Reduces Holdings in Landmark Bancorp, Inc. (NASDAQ:LARK)

Bank of America Corp DE reduced its position in shares of Landmark Bancorp, Inc. (NASDAQ:LARK) by 20.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,179 shares of the financial services provider’s stock after selling 1,323 shares during the period. Bank of America Corp DE owned 0.09% of Landmark Bancorp worth $124,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Private Advisor Group LLC boosted its stake in shares of Landmark Bancorp by 5.0% during the 4th quarter. Private Advisor Group LLC now owns 13,969 shares of the financial services provider’s stock worth $335,000 after purchasing an additional 660 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in shares of Landmark Bancorp by 5.0% during the 4th quarter. OneDigital Investment Advisors LLC now owns 14,053 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 671 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Landmark Bancorp by 6.9% in the fourth quarter. Empowered Funds LLC now owns 14,556 shares of the financial services provider’s stock worth $349,000 after acquiring an additional 943 shares during the last quarter. Fourthstone LLC acquired a new stake in shares of Landmark Bancorp in the fourth quarter worth approximately $466,000. Finally, Northern Trust Corp boosted its position in shares of Landmark Bancorp by 35.0% in the fourth quarter. Northern Trust Corp now owns 21,017 shares of the financial services provider’s stock worth $505,000 after acquiring an additional 5,447 shares during the last quarter. 25.66% of the stock is owned by institutional investors and hedge funds.

Landmark Bancorp Trading Down 1.5%

LARK opened at $27.28 on Tuesday. The firm has a market capitalization of $157.76 million, a P/E ratio of 12.04 and a beta of 0.25. The firm’s 50 day moving average is $28.77 and its 200-day moving average is $26.11. Landmark Bancorp, Inc. has a 52-week low of $17.53 and a 52-week high of $31.04. 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 (NASDAQ:LARK) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter. The company had revenue of $16.48 million for the quarter. Landmark Bancorp had a net margin of 14.51% and a return on equity of 10.51%.

Landmark Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.08%. Landmark Bancorp’s dividend payout ratio is currently 32.43%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Landmark Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, May 28th.

Insider Activity

In related news, Director Michael E. Scheopner sold 41,058 shares of Landmark Bancorp stock in a transaction on Monday, May 5th. The shares were sold at an average price of $30.01, for a total value of $1,232,150.58. Following the completion of the sale, the director now owns 80,316 shares in the company, valued at approximately $2,410,283.16. The trade was a 33.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 44,058 shares of company stock worth $1,321,347 over the last 90 days. Company insiders own 12.80% of the company’s stock.

Landmark Bancorp Company Profile

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.