New insider activity at Landmark Bancorp ( (LARK) ) has taken place on February 12, 2025.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Director Patrick Alexander has sold 20,000 shares of Landmark Bancorp stock, generating $490,600 from the transaction.
Recent Updates on LARK stock
Landmark Bancorp recently held its Q4 earnings call, highlighting a solid yearly growth in net income and significant loan growth, although it faced challenges such as decreased net income compared to the previous quarter, securities losses, and increased expenses. The company reported a 6.3% increase in net income for the year ending December 31, 2024, with net interest income rising by 6% and a 13% boost in non-interest income. Landmark saw a substantial increase in gross loans, representing a 20% annualized growth rate, and improved its efficiency ratio, reflecting better expense management. The company distributed a 5% stock dividend and declared a future cash dividend of $0.21 per share. Despite these positives, net income for the fourth quarter decreased due to reduced non-interest income and increased expenses. A securities loss of $1.0 million was reported, attributed to the sale of low-yielding U.S. Treasury securities. Non-interest expenses rose due to higher professional fees and compensation costs. The provision for credit losses increased, reflecting a cautious approach to credit risk. Looking forward, Landmark shared optimistic guidance for 2025, emphasizing strategic measures for continued growth. Despite quarterly challenges, the company demonstrated strong full-year performance, significant loan growth, and effective expense management, positioning itself for continued success.
More about Landmark Bancorp
YTD Price Performance: 3.17%
Average Trading Volume: 6,039
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $140.1M