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MANHATTAN, KS—Mark J. Kohlrus, a director at Landmark Bancorp Inc. (NASDAQ:LARK), recently made notable purchases of the company’s common stock, according to a recent SEC filing. On February 28 and March 3, Kohlrus acquired a total of 400 shares, with transaction prices ranging from $23.745 to $23.785 per share. These transactions amounted to a total investment of $9,506. The purchase comes as the $137.8 million market cap company trades at a P/E ratio of 10.52, with InvestingPro analysis indicating the stock is fairly valued.
Following these acquisitions, Kohlrus now holds 1,800 shares of Landmark Bancorp’s common stock in his IRA account. The purchases reflect continued confidence in the company’s prospects as the banking sector navigates an evolving financial landscape. Landmark Bancorp operates as a national commercial bank, providing a range of financial services. InvestingPro data reveals the company has raised its dividend for 23 consecutive years and maintains a healthy 3.52% dividend yield. Unlock more insights and access comprehensive analysis with an InvestingPro subscription, including detailed Pro Research Reports available for over 1,400 US stocks.
In other recent news, Landmark Bancorp Inc. reported its financial results for the fourth quarter of 2024, highlighting a 6.3% increase in full-year net income to $13 million. The company’s Q4 net income stood at $3.3 million, with diluted earnings per share rising by 25% year-over-year to $0.57. Landmark Bancorp’s loan portfolio expanded by $50.5 million, marking a 20% annualized growth, while 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. The company also plans to reprice approximately 30% of its loan portfolio in 2025 to potentially expand margins. Landmark Bancorp’s CEO, Abby Wendel (EPA:MWDP), emphasized the company’s focus on sustaining loan growth and expanding margins. Additionally, the company continues to explore merger and acquisition opportunities within Kansas as part of its strategic growth initiatives.
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