LINKBANCORP, Inc. (NASDAQ:LNKB) Director Sells $12,480.00 in Stock

LINKBANCORP, Inc. (NASDAQ:LNKB) Director Mona D. Albertine sold 2,000 shares of LINKBANCORP stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $6.24, for a total value of $12,480.00. Following the sale, the director now directly owns 41,094 shares of the company’s stock, valued at approximately $256,426.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

LINKBANCORP Price Performance

Shares of NASDAQ LNKB remained flat at $6.15 during trading hours on Thursday. 27,935 shares of the company traded hands, compared to its average volume of 61,819. LINKBANCORP, Inc. has a fifty-two week low of $5.86 and a fifty-two week high of $8.29. The business’s 50 day moving average is $6.59 and its 200 day moving average is $6.60. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. The stock has a market cap of $229.74 million, a price-to-earnings ratio of -23.65 and a beta of 0.51.

LINKBANCORP (NASDAQ:LNKB) last released its earnings results on Monday, July 29th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). LINKBANCORP had a positive return on equity of 6.71% and a negative net margin of 0.34%. The firm had revenue of $26.34 million for the quarter, compared to analyst estimates of $27.17 million. Research analysts anticipate that LINKBANCORP, Inc. will post 0.73 earnings per share for the current fiscal year.

LINKBANCORP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date is Friday, August 30th. LINKBANCORP’s dividend payout ratio (DPR) is currently -115.38%.

Analysts Set New Price Targets

Separately, Stephens restated an “equal weight” rating and issued a $7.50 price objective on shares of LINKBANCORP in a report on Monday, May 13th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LNKB. Truist Financial Corp acquired a new position in LINKBANCORP during the 2nd quarter valued at $73,000. The Manufacturers Life Insurance Company bought a new position in LINKBANCORP during the second quarter worth about $65,000. Renaissance Technologies LLC bought a new stake in shares of LINKBANCORP in the 2nd quarter valued at approximately $151,000. Rhumbline Advisers acquired a new position in shares of LINKBANCORP in the 2nd quarter worth approximately $137,000. Finally, Bank of New York Mellon Corp bought a new position in shares of LINKBANCORP during the 2nd quarter worth approximately $397,000. 37.52% of the stock is owned by institutional investors.

LINKBANCORP Company Profile

LINKBANCORP, Inc operates as a bank holding company for The Gratz Bank, that provides various banking products and services to individuals, families, nonprofit, and business customers in Pennsylvania. Its deposit products include demand, saving, and money market accounts, as well as certificates of deposits.