In a recent transaction, Angela S. Hurt, director of Landmark Bancorp Inc. (NASDAQ:LARK), acquired shares of the company's common stock. On May 21, 2024, Hurt purchased a total of 4,232 shares at a price of $19.25 per share, amounting to an investment of $81,466.
This acquisition is a direct purchase, as indicated by the transaction details, and it brings Hurt's total ownership in the company to 4,727 shares. It's worth noting that this figure has been adjusted to account for the company's 5% stock dividend distributed in December 2023.
Investors often monitor insider transactions like these for insights into the confidence that company executives and directors have in the firm's future prospects. Such transactions are regularly reported and can influence market perceptions and stock performance.
Landmark Bancorp Inc., headquartered in Manhattan, Kansas, operates as a national commercial bank and is recognized within the financial industry. The company's stock trades on the NASDAQ under the ticker symbol LARK.
The details of this transaction were made public through a Form 4 filing with the Securities and Exchange Commission, which documents insider trades. The purchase by Hurt reflects a notable investment in Landmark Bancorp's stock by a key member of the company's board of directors.
InvestingPro Insights
Landmark Bancorp Inc. (NASDAQ:LARK) has demonstrated a strong commitment to its shareholders through consistent dividend payments, as evidenced by a remarkable streak of maintaining dividend payments for 31 consecutive years. This commitment is further underscored by a 5% dividend growth over the last twelve months as of Q1 2024. The company's dedication to returning value to shareholders aligns with the recent insider purchase by director Angela S. Hurt, signaling confidence in the company's financial health and future prospects.
From a valuation standpoint, Landmark Bancorp is trading at a low P/E ratio of 9.04, which is relatively attractive considering the near-term earnings growth. This is slightly below the adjusted P/E ratio for the last twelve months as of Q1 2024, which stands at 9.01. Additionally, the company's PEG ratio during the same period is 0.57, suggesting that the stock may be undervalued relative to its earnings growth potential. Such metrics can be particularly insightful for investors seeking to assess the company's performance in relation to its market valuation.
Despite the positive indicators, one of the InvestingPro Tips highlights that Landark Bancorp Inc. suffers from weak gross profit margins. However, with a dividend yield of 4.31% as of May 2024, the stock remains an attractive option for income-focused investors. For those considering a deeper analysis, there are additional InvestingPro Tips available, offering a comprehensive view of the company's financial landscape. By utilizing the coupon code PRONEWS24, investors can gain an extra 10% off a yearly or biyearly Pro and Pro+ subscription to access these valuable insights.
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