Landmark Bancorp director Kohlrus buys $31,767 in stock

Mark J. Kohlrus, a director at Landmark Bancorp Inc., recently increased his stake in the company by purchasing 1,000 shares, totaling $31,767. The acquisitions occurred on August 6 and August 7, 2026, with the first purchase consisting of 201 shares at $31.5 per share, and the subsequent purchase of 799 shares at an average price of $31.8344.

The transactions were conducted indirectly through an IRA, with the share prices fluctuating between $31.5 and $31.8344. As of the current trading price of $32.19, the shares are close to the stock's 52-week high of $32.44, having generated a 25.6% return year-to-date. Following the acquisitions, Mr. Kohlrus's indirect beneficial ownership of Landmark Bancorp Inc. common stock through his IRA increased to 3,340 shares, adjusting for the company's 5% stock dividend in December 2025.

Analysts consider the stock undervalued at its current levels, quoting a P/E ratio of 9.8. Landmark Bancorp has a commendable track record of raising dividends for 24 consecutive years. For those interested in further analysis, InvestingPro offers a Pro Research Report for LARK and 1,400+ other US equities. In recent news, Landmark Bancorp reported record second-quarter 2026 revenue of $19.2 million, an EPS of $0.88, and a 5.9% increase in net income to $5.4 million, despite higher professional fees due to fraud issues.

Core deposits rose by $11 million, improving the quality of the deposit base, while non-performing loans increased to 1.18% of gross loans due to two relationships becoming non-accrual. Management expressed cautious optimism about loan growth and net interest margin for the latter half of 2026, with return on average assets reaching 1.35% and return on average equity at 13.23%. Stockholders' equity grew by $5.2 million, reaching $166.9 million.