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Mark J. Kohlrus, a director at Landmark Bancorp Inc (NASDAQ:LARK), a $135 million market cap regional bank with a P/E ratio of 10.3, recently increased his stake in the company with two separate purchases of common stock. On March 4, Kohlrus acquired 129 shares at a price of $23.0434 per share, followed by an additional purchase of 150 shares on March 5 at $22.75 per share. The total value of these transactions amounted to $6,385. Following these acquisitions, Kohlrus now holds 2,079 shares of Landmark Bancorp common stock, which he owns indirectly through an IRA. The company stands out for its impressive 23-year streak of dividend increases, currently offering a 3.62% yield. According to InvestingPro analysis, the stock is trading near its Fair Value, with additional insights available in the comprehensive Pro Research Report covering this and 1,400+ other US stocks.
In other recent news, Landmark Bancorp Inc. reported a 6.3% increase in net income for the full year of 2024, reaching $13 million. The company’s fourth-quarter net income was $3.3 million, with earnings per share rising 25% year-over-year to $0.57. Landmark Bancorp saw significant growth in its loan portfolio, which expanded by $50.5 million, marking a 20% annualized increase. Deposits also grew by $53 million during the quarter. Additionally, net interest income for the year increased by 6% to $45.7 million, while non-interest income rose 13% to $1.5 million. The company announced plans to reprice about 30% of its loan portfolio in 2025, which could potentially expand its margins. Landmark Bancorp is also exploring merger and acquisition opportunities within Kansas. These developments reflect the company’s strategic focus on growth and efficiency in a competitive market.
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