Insider Activity Report: Landmark Bancorp (LARK)

Jim Lewis, a director at Landmark Bancorp (LARK), recently bought 2,723 shares. The buy increased his holdings by 2 percent, and came to a total cost of $58,662.

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  • He was joined by another director, who bought 1,566 shares, paying just under $34,000. Company directors have been regular buyers of shares so far this year, and the last insider sales at the company occurred in December 2022.

    Overall, company insiders own 22.2 percent of shares.

    The regional bank is down about 5 percent this year. Landmark only dropped about 10 percent at its peak when regional banks came under selling pressure as two regional banks imploded.

    Landmark trades for about 11 times earnings, and has grown revenues by about 13 percent. The bank trades at a slight discount to its book value.

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  • Action to take: The Kansas-based bank trades at a reasonable value here, and offers a dividend yield just under 4 percent at current prices. Investors may like shares here, but more aggressive investors can find other regional banks trading at a steeper discount to their book value.

    For traders, the bank is too small to trade options. But regional bank stocks are likely to continue trending higher. The SPDR Regional Banking ETF (KRE) can be used to play that trend. KRE’s November $50 calls, last going for about $1.30, could see further gains from here in the coming months.


    Disclosure: The author of this article has no position in the securities mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.

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