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Mark J. Kohlrus, a director at Landmark Bancorp Inc. (NASDAQ:LARK), recently made a purchase of the company’s common stock. According to a recent SEC filing, Kohlrus acquired 200 shares at a price of $22.50 per share, totaling $4,500. The purchase comes as LARK shares have shown strong momentum, gaining over 28% in the past six months. Currently trading at $24.06, the stock offers a 3.49% dividend yield and has maintained dividend payments for 32 consecutive years. This transaction, dated February 26, 2025, increased his holdings to 1,400 shares. The acquisition was made indirectly through an Individual Retirement Account (IRA). Based on InvestingPro analysis, LARK appears fairly valued, with a P/E ratio of 10.52 and a market capitalization of $137 million. For deeper insights into insider trading patterns and more exclusive ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Landmark Bancorp Inc. reported a 6.3% increase in full-year net income, reaching $13 million, while its fourth-quarter net income was $3.3 million with a 25% rise in diluted earnings per share to $0.57. The company’s loan portfolio expanded by $50.5 million, marking a 20% annualized growth, and deposit balances increased by $53 million. Net interest income grew by 6% to $45.7 million, and non-interest income rose by 13% to $1.5 million. In terms of future outlook, Landmark Bancorp plans to reprice approximately 30% of its loan portfolio in 2025 and is exploring merger and acquisition opportunities within Kansas. Landmark Bancorp’s performance reflects a strategic focus on growth and efficiency in a competitive market. The company also distributed a 5% stock dividend and declared a cash dividend of $0.21 per share. These developments indicate Landmark Bancorp’s strong financial health and strategic positioning for the coming year.
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