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Mark J. Kohlrus, a director at Landmark Bancorp Inc. (NASDAQ:LARK), a $141 million market cap regional bank, recently acquired 200 shares of the company’s common stock. According to InvestingPro data, the company has shown strong momentum with a 37% price return over the past six months. The shares were purchased at $25 each, amounting to a total transaction value of $5,000. Following this transaction, Kohlrus holds a total of 1,042 shares directly. The purchase was made on February 20, 2025, and was part of a non-derivative transaction. Kohlrus’s acquisition reflects his continued involvement in the company, which maintains a 3.3% dividend yield and has raised its dividend for 23 consecutive years. InvestingPro analysis indicates the stock is currently fairly valued, with additional insights available in the comprehensive Pro Research Report.
In other recent news, Landmark Bancorp Inc. reported a 6.3% increase in full-year net income for 2024, reaching $13 million, with fourth-quarter net income at $3.3 million. Earnings per share for the quarter rose 25% year-over-year to $0.57. The company’s loan portfolio expanded by $50.5 million, reflecting a 20% annualized growth rate, 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. Landmark Bancorp plans to reprice 30% of its loan portfolio in 2025, potentially expanding its margins, and is exploring merger and acquisition opportunities within Kansas. The company also distributed a 5% stock dividend and declared a cash dividend of $0.21 per share, marking its 94th consecutive quarterly cash dividend. CEO Abby Wendel (EPA:MWDP) emphasized a strategic focus on sustaining loan growth and expanding margins, while analysts noted the company’s efforts to streamline operations and maintain a healthy growth trajectory.
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