Landmark Bancorp Inc. (NASDAQ:LARK) director Angelia K. Stanland recently acquired a significant number of shares in the bank, indicating a strong belief in the company's future prospects. Over the course of three days, Stanland made a series of purchases totaling over $19,000, at prices ranging from $18.925 to $18.9927 per share.
On May 6, 2024, Stanland commenced the buying spree with the purchase of 97 shares at $18.9281 each. This was followed by an acquisition of 400 shares on May 7, at a slightly lower price of $18.925 per share. The director completed the sequence on May 8, by adding 553 shares at $18.9927 each to her holdings.
These transactions have increased Stanland's stake in the company to 2,595 shares. Notably, the reported share count has been adjusted to reflect the company's 5% stock dividend distributed in December 2023.
Investors often look to insider buying as a signal of confidence in the company's management and its growth trajectory. Stanland's recent purchases could be interpreted as a strong endorsement of Landmark Bancorp's current strategy and future outlook.
Landmark Bancorp Inc., based in Manhattan, Kansas, operates as a national commercial bank and has a reputation for community-focused banking services. The company's stock is publicly traded on the NASDAQ exchange, where it is followed by investors interested in the financial sector.
InvestingPro Insights
Landmark Bancorp Inc. (NASDAQ:LARK) has recently seen noteworthy insider buying activity, which may spark investor interest in the company's financials and performance metrics. According to InvestingPro data, Landmark Bancorp has a market capitalization of $106.36 million and is trading at an attractive P/E ratio of 8.87. This low P/E ratio is particularly compelling when paired with the company's near-term earnings growth, suggesting that the stock could be undervalued relative to its earnings potential.
One of the InvestingPro Tips highlights that Landmark Bancorp has raised its dividend for 22 consecutive years, which speaks to the company's commitment to returning value to shareholders. Additionally, the company boasts a dividend yield of 4.32%, with a recent 5.0% dividend growth, reinforcing the appeal to income-focused investors. Furthermore, Landmark Bancorp has maintained dividend payments for an impressive 31 consecutive years, underscoring its financial stability and reliability.
On the other hand, it's important to note that the company suffers from weak gross profit margins, which could be a point of concern for potential investors. However, the company has remained profitable over the last twelve months, and the InvestingPro Fair Value estimate places the stock at $20.08, suggesting there is room for price appreciation from its previous close of $18.98.
For investors intrigued by these insights, there are additional InvestingPro Tips available that delve deeper into Landmark Bancorp's financial health and prospects. By utilizing the coupon code PRONEWS24, readers can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription to access these valuable tips and make more informed investment decisions.
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