LINKBANCORP, Inc. (NASDAQ:LNKB) Director Acquires $15,125.00 in Stock

LINKBANCORP, Inc. (NASDAQ:LNKB) Director George Parmer bought 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average price of $6.05 per share, with a total value of $15,125.00. Following the completion of the acquisition, the director now directly owns 191,488 shares in the company, valued at $1,158,502.40. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

George Parmer also recently made the following trade(s):

• On Monday, August 5th, George Parmer purchased 5,000 shares of LINKBANCORP stock. The stock was bought at an average cost of $6.46 per share, for a total transaction of $32,300.00.
• On Friday, August 2nd, George Parmer acquired 5,000 shares of LINKBANCORP stock. The shares were bought at an average cost of $6.78 per share, with a total value of $33,900.00.

LINKBANCORP Stock Up 1.3 %

Shares of NASDAQ LNKB opened at $6.40 on Monday. The firm’s fifty day moving average is $6.59 and its 200 day moving average is $6.57. LINKBANCORP, Inc. has a 52 week low of $5.86 and a 52 week high of $8.29. 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 company has a market cap of $239.08 million, a price-to-earnings ratio of -24.62 and a beta of 0.51.

LINKBANCORP (NASDAQ:LNKB) last released its quarterly earnings data on Monday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The firm had revenue of $26.34 million during the quarter, compared to analysts’ expectations of $27.17 million. LINKBANCORP had a negative net margin of 0.34% and a positive return on equity of 6.71%. On average, equities research analysts expect that LINKBANCORP, Inc. will post 0.7 earnings per share for the current year.

LINKBANCORP Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 4.69%. The ex-dividend date of this dividend is Friday, August 30th. LINKBANCORP’s dividend payout ratio (DPR) is currently -115.38%.

Institutional Investors Weigh In On LINKBANCORP

A number of large investors have recently made changes to their positions in LNKB. Leo Wealth LLC purchased a new stake in LINKBANCORP in the fourth quarter worth $92,000. Brown Advisory Inc. bought a new position in LINKBANCORP in the 4th quarter worth $1,724,000. Heritage Wealth Advisors purchased a new stake in shares of LINKBANCORP in the 4th quarter worth about $39,000. Hillsdale Investment Management Inc. purchased a new position in shares of LINKBANCORP during the first quarter valued at about $164,000. Finally, The Manufacturers Life Insurance Company bought a new position in LINKBANCORP in the second quarter worth about $65,000. 37.52% of the stock is currently owned by institutional investors.

About LINKBANCORP

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.