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Mark J. Kohlrus, a director at Landmark Bancorp Inc. (NASDAQ:LARK), has recently increased his stake in the company through a series of stock purchases. According to an SEC filing, Kohlrus acquired a total of 400 shares over two days, with the transactions occurring on February 18 and February 19. The shares were purchased at prices ranging from $25.085 to $26.00 per share, amounting to a total investment of $10,217. The timing appears strategic, as InvestingPro data shows the stock has delivered an impressive 34.77% return over the past six months.
Following these transactions, Kohlrus now holds 600 shares in an Individual Retirement Account (IRA), reflecting his confidence in the company’s prospects. Landmark Bancorp, headquartered in Manhattan, Kansas, operates as a national commercial bank with a market capitalization of $148.48 million. The company boasts a 3.27% dividend yield and has raised its dividend for 23 consecutive years, according to InvestingPro analysis, which offers comprehensive insights through its Pro Research Report, available for over 1,400 US stocks.
In other recent news, Landmark Bancorp Inc. reported a 6.3% increase in full-year net income for 2024, reaching $13 million. For the fourth quarter, the company achieved a net income of $3.3 million, with a 25% year-over-year increase in diluted earnings per share to $0.57. Landmark Bancorp’s loan portfolio grew by $50.5 million, marking a 20% annualized increase, while deposit balances rose by $53 million. Net interest income also saw a 6% rise, totaling $45.7 million, and non-interest income increased by 13% to $1.5 million. Analysts noted the company’s strategic focus on loan growth and deposit expansion as key contributors to its robust performance. The firm has plans to reprice approximately 30% of its loan portfolio in 2025, potentially enhancing its margins. Landmark Bancorp is also exploring merger and acquisition opportunities within Kansas as part of its growth strategy.
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