LANDMARK BANCORP INC

LARK · National Commercial Banks · 6.1M shares · +4%/yr ↑ dilution · EDGAR filings ↗

Net buyback after stock comp: -$277K (gross $75K, SBC $352K)

Reference price $29.48 · est. market cap ~$180M — last insider sale, 2026-06-12 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

B70

Landmark Bancorp — Kansas community bank with solid returns.

Strengths

ROE 11.7% (72nd pct), net income +44%

Risks

Weak free cash flow (24th)
Agricultural/regional concentration

Notable findings

Auditor changeRecent 8-K item 4.01 8-K ↗
Insider sellingInsider selling — 8 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, last 6mo) Form 4 ↗

Key metrics

Return on equity

11.7%

Return on assets

1.2%

Net-income growth

44.4%

Free cash flow

$21M

Tangible book value

$126M

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-06-12	LEWIS JIM	Sell	900	$29.48
2026-06-11	LEWIS JIM	Sell	367	$29.08
2026-06-10	LEWIS JIM	Sell	98	$29.10
2026-06-09	LEWIS JIM	Sell	25	$29.00
2026-06-02	ALEXANDER PATRICK L	Sell	700	$28.50
2026-05-29	ALEXANDER PATRICK L	Sell	3.3K	$28.51
2026-05-28	ALEXANDER PATRICK L	Sell	1.5K	$28.50
2026-05-28	LEWIS JIM	Sell	800	$28.14
2026-05-26	Hurt Angela S.	Buy	235	$27.91
2026-02-27	HERPICH MARK A	Grant	2.2K	—
2026-02-27	Wendel Abigail M	Grant	4.5K	—
2026-01-09	ALEXANDER PATRICK L	Gift	5.5K	—
2025-12-11	ALEXANDER PATRICK L	Sell	1.5K	$28.56
2025-12-11	ALEXANDER PATRICK L	Sell	1.0K	$28.77
2025-12-11	ALEXANDER PATRICK L	Sell	6.5K	$28.50
2025-10-03	ALEXANDER PATRICK L	Gift	525	—
2025-10-03	ALEXANDER PATRICK L	Gift	525	—
2025-06-10	Stanland Angelia K.	Grant	1.0K	$28.70
2025-05-20	SCHEOPNER MICHAEL E	Sell	916	$29.80
2025-05-19	SCHEOPNER MICHAEL E	Sell	130	$29.80
2025-05-15	SCHEOPNER MICHAEL E	Sell	454	$29.80
2025-05-15	SCHEOPNER MICHAEL E	Sell	476	$30.00
2025-05-12	SCHEOPNER MICHAEL E	Sell	70	$29.56
2025-05-12	SCHEOPNER MICHAEL E	Sell	824	$29.50
2025-05-12	SCHEOPNER MICHAEL E	Sell	100	$29.57
2025-05-12	SCHEOPNER MICHAEL E	Sell	30	$29.62
2025-05-05	SCHEOPNER MICHAEL E	Sell	3.0K	$30.04
2025-05-05	SCHEOPNER MICHAEL E	Sell	6.6K	$30.02
2025-05-05	SCHEOPNER MICHAEL E	Sell	27K	$30.00
2025-05-05	SCHEOPNER MICHAEL E	Sell	4.5K	$30.05
2025-05-05	ALEXANDER PATRICK L	Sell	3.0K	$30.42
2025-05-05	ALEXANDER PATRICK L	Sell	600	$30.16
2025-03-06	Kohlrus Mark J.	Buy	150	$22.95
2025-03-05	Kohlrus Mark J.	Buy	150	$22.75
2025-03-04	Kohlrus Mark J.	Buy	129	$23.04
2025-03-03	Kohlrus Mark J.	Buy	200	$23.79
2025-02-28	Kohlrus Mark J.	Buy	200	$23.75
2025-02-26	Kohlrus Mark J.	Buy	200	$22.50
2025-02-25	Kohlrus Mark J.	Buy	200	$23.49
2025-02-24	Kohlrus Mark J.	Buy	200	$24,545.00
2025-02-20	Kohlrus Mark J.	Buy	200	$25.00
2025-02-19	Kohlrus Mark J.	Buy	200	$25.09
2025-02-18	Kohlrus Mark J.	Buy	200	$26.00
2025-02-13	SCHEOPNER MICHAEL E	Sell	9.9K	$25.01
2025-02-12	SCHEOPNER MICHAEL E	Sell	3.1K	$25.31
2025-02-11	Kohlrus Mark J.	Buy	200	$24.70
2025-02-10	ALEXANDER PATRICK L	Sell	20K	$24.53

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-05-21	Shareholder vote	filing ↗
2026-05-14	Reg FDExhibits	filing ↗
2026-04-29	ResultsOtherExhibits	filing ↗
2026-02-27	Auditor changeExhibits	filing ↗
2026-02-04	Reg FDExhibits	filing ↗
2026-01-28	ResultsOtherExhibits	filing ↗
2026-01-15	Reg FDExhibits	filing ↗
2025-10-29	ResultsOtherExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-05-21	2026-05-20	0001493152-26-024754 ↗
8-K	2026-05-14	2026-05-14	0001493152-26-023074 ↗
10-Q	2026-05-06	2026-03-31	0001493152-26-021454 ↗
8-K	2026-04-29	2026-04-29	0001493152-26-019638 ↗
10-K	2026-04-14	2025-12-31	0001493152-26-016495 ↗
8-K	2026-02-27	2026-02-23	0001493152-26-008367 ↗
8-K	2026-02-04	2026-02-04	0001493152-26-005079 ↗
8-K	2026-01-28	2026-01-28	0001493152-26-004018 ↗
8-K	2026-01-15	2026-01-15	0001493152-26-002453 ↗
10-Q	2025-11-13	2025-09-30	0001493152-25-022251 ↗
8-K	2025-10-29	2025-10-29	0001493152-25-020061 ↗
8-K	2025-10-17	2025-10-17	0001493152-25-018389 ↗