Rhumbline Advisers Takes Position in LINKBANCORP, Inc. (NASDAQ:LNKB)

Rhumbline Advisers acquired a new stake in LINKBANCORP, Inc. (NASDAQ:LNKB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 22,401 shares of the company’s stock, valued at approximately $137,000. Rhumbline Advisers owned 0.06% of LINKBANCORP at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in LNKB. Leo Wealth LLC bought a new stake in LINKBANCORP during the 4th quarter worth approximately $92,000. Hillsdale Investment Management Inc. acquired a new position in shares of LINKBANCORP during the first quarter worth $164,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of LINKBANCORP in the second quarter worth $397,000. Institutional investors own 37.52% of the company’s stock.

Insider Buying and Selling at LINKBANCORP

In other LINKBANCORP news, insider Catherine Eisel acquired 7,080 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were bought at an average cost of $6.28 per share, with a total value of $44,462.40. Following the purchase, the insider now directly owns 7,800 shares of the company’s stock, valued at $48,984. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director George Parmer purchased 5,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was purchased at an average cost of $6.78 per share, with a total value of $33,900.00. Following the completion of the purchase, the director now owns 180,488 shares in the company, valued at approximately $1,223,708.64. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Catherine Eisel acquired 7,080 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were bought at an average cost of $6.28 per share, for a total transaction of $44,462.40. Following the transaction, the insider now directly owns 7,800 shares in the company, valued at $48,984. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 43,223 shares of company stock valued at $273,083 and have sold 16,741 shares valued at $107,022. Insiders own 35.84% of the company’s stock.

LINKBANCORP Stock Up 1.9 %

Shares of NASDAQ:LNKB opened at $6.43 on Monday. The business has a fifty day simple moving average of $6.52 and a 200 day simple moving average of $6.53. LINKBANCORP, Inc. has a 12-month low of $5.86 and a 12-month high of $8.29. The firm has a market cap of $240.20 million, a P/E ratio of -24.73 and a beta of 0.51. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37.

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). The firm had revenue of $26.34 million for the quarter, compared to analyst estimates of $27.17 million. LINKBANCORP had a negative net margin of 0.34% and a positive return on equity of 6.71%. Analysts predict that LINKBANCORP, Inc. will post 0.7 earnings per share for the current year.

LINKBANCORP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.075 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.30 annualized dividend and a yield of 4.67%. LINKBANCORP’s payout ratio is -115.38%.

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.