SCHEDULE: Manulife Discloses 5.26% Stake in Landmark Bancorp

Manulife Investment Management (US) LLC, a subsidiary of Manulife Financial Corporation, has reported a 5.26% beneficial ownership stake in Landmark Bancorp Inc. common stock.

Summary

• Manulife Financial Corporation and its subsidiaries, Manulife Investment Management Limited (MIML) and Manulife Investment Management (US) LLC (MIM (US)), have filed a Schedule 13G regarding their beneficial ownership in Landmark Bancorp Inc.
• MIM (US) beneficially owns 304,314 shares of Landmark Bancorp Inc. Common Stock, representing 5.26% of the class.
• MIML beneficially owns 1,019 shares of Landmark Bancorp Inc. Common Stock, representing 0.02% of the class.
• Manulife Financial Corporation, as the parent company, may be deemed to have beneficial ownership of these combined shares.
• The filing is based on 5,790,579 shares of Common Stock outstanding as of November 12, 2025, according to the issuer's Form 10-Q.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive development for Landmark Bancorp, as a significant institutional investor has disclosed a substantial stake, which can be interpreted as a vote of confidence.

Positives

• A significant institutional investor, Manulife Investment Management (US) LLC, has taken a substantial stake in Landmark Bancorp Inc., potentially signaling confidence in the company's prospects.

Negatives

• No specific negative information about Landmark Bancorp Inc. is disclosed in this ownership filing.

Risks

• No specific risks related to Landmark Bancorp Inc. are mentioned in this beneficial ownership filing.

Future Outlook

NA

Management Comments

• By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to MIML is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.
• After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Industry Context

StockSavvy.ai notes that institutional ownership filings like this Schedule 13G provide transparency into significant investment positions. Manulife's stake in Landmark Bancorp indicates a strategic allocation within the financial services sector, potentially reflecting a positive view on regional banking or specific growth opportunities within Landmark Bancorp's market.

Comparison to Industry Standards

• Manulife Investment Management (US) LLC's 5.26% stake in Landmark Bancorp Inc. is a notable institutional position, crossing the 5% threshold that mandates public disclosure.
• Compared to typical institutional holdings in regional banks, a 5.26% stake is a significant, but not controlling, interest, often indicative of a long-term investment strategy rather than activist intent.
• For example, similar-sized regional banks often see a diverse mix of institutional investors holding stakes ranging from 1% to 10%, with larger, more liquid banks attracting a broader array of institutional capital.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake by Manulife could be viewed positively, potentially increasing investor confidence and attracting further institutional interest.
• Management: Management may see this as validation of their strategy and performance, potentially leading to increased engagement with Manulife as a significant shareholder.

Key Dates

Recommendation

While the disclosure of a significant institutional stake by Manulife is a positive signal, a Schedule 13G filing primarily reports ownership and does not provide new operational or financial performance data for Landmark Bancorp. Investors should 'hold' and await further fundamental updates from Landmark Bancorp to assess the long-term implications of this institutional interest.

Keywords

Landmark Bancorp, Manulife, Manulife Investment Management, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Financial Services, Banking