Kornitzer Capital Management Inc. KS Has $3.07 Million Position in Landmark Bancorp, Inc. (NASDAQ:LARK)

Kornitzer Capital Management Inc. KS boosted its position in shares of Landmark Bancorp, Inc. (NASDAQ:LARK) by 4.4% in the fourth quarter, Holdings Channel reports. The firm owned 127,957 shares of the financial services provider’s stock after purchasing an additional 5,353 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Landmark Bancorp were worth $3,072,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. CGN Advisors LLC lifted its stake in Landmark Bancorp by 5.0% in the fourth quarter. CGN Advisors LLC now owns 11,045 shares of the financial services provider’s stock valued at $265,000 after buying an additional 526 shares in the last quarter. Empowered Funds LLC lifted its stake in Landmark Bancorp by 5.2% in the third quarter. Empowered Funds LLC now owns 13,613 shares of the financial services provider’s stock valued at $275,000 after buying an additional 670 shares in the last quarter. Finally, De Lisle Partners LLP lifted its stake in Landmark Bancorp by 78.1% in the third quarter. De Lisle Partners LLP now owns 67,595 shares of the financial services provider’s stock valued at $1,369,000 after buying an additional 29,637 shares in the last quarter. Institutional investors and hedge funds own 25.66% of the company’s stock.

Landmark Bancorp Stock Performance

Shares of LARK opened at $25.18 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.80. Landmark Bancorp, Inc. has a twelve month low of $17.05 and a twelve month high of $26.75. The firm’s 50 day moving average price is $24.22 and its two-hundred day moving average price is $22.17. The firm has a market cap of $145.44 million, a P/E ratio of 11.12 and a beta of 0.46.

Landmark Bancorp (NASDAQ:LARK) last announced its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $0.71 earnings per share for the quarter. Landmark Bancorp had a net margin of 14.51% and a return on equity of 10.51%.

Landmark Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Wednesday, February 19th. This is a positive change from Landmark Bancorp’s previous quarterly dividend of $0.20. Landmark Bancorp’s payout ratio is currently 37.00%.

Insider Transactions at Landmark Bancorp

In other news, Director Michael E. Scheopner sold 3,097 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $25.31, for a total value of $78,385.07. Following the sale, the director now owns 131,269 shares of the company’s stock, valued at $3,322,418.39. The trade was a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Patrick L. Alexander sold 20,000 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $24.53, for a total transaction of $490,600.00. Following the completion of the sale, the director now directly owns 80,285 shares in the company, valued at approximately $1,969,391.05. This represents a 19.94 % decrease in their position. The disclosure for this sale can be found here. 17.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Landmark Bancorp in a research note on Tuesday. They issued a “hold” rating on the 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.