LINKBANCORP, Inc. (NASDAQ:LNKB) Holdings Raised by State Street Corp

State Street Corp increased its position in shares of LINKBANCORP, Inc. (NASDAQ:LNKB) by 5.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 283,891 shares of the company’s stock after purchasing an additional 14,730 shares during the quarter. State Street Corp’s holdings in LINKBANCORP were worth $1,820,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Fourthstone LLC raised its holdings in shares of LINKBANCORP by 234.1% during the third quarter. Fourthstone LLC now owns 444,223 shares of the company’s stock worth $2,847,000 after purchasing an additional 311,271 shares during the period. MetLife Investment Management LLC grew its position in shares of LINKBANCORP by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 14,038 shares of the company’s stock valued at $90,000 after buying an additional 7,910 shares during the last quarter. Truist Financial Corp acquired a new stake in LINKBANCORP during the second quarter worth about $73,000. The Manufacturers Life Insurance Company bought a new position in LINKBANCORP in the second quarter worth about $65,000. Finally, Renaissance Technologies LLC acquired a new position in LINKBANCORP in the second quarter valued at approximately $151,000. Institutional investors and hedge funds own 37.52% of the company’s stock.

LINKBANCORP Stock Down 0.3 %

NASDAQ:LNKB opened at $7.48 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average of $7.40 and a 200-day moving average of $6.79. The firm has a market capitalization of $279.53 million, a PE ratio of -106.86 and a beta of 0.45. LINKBANCORP, Inc. has a 52 week low of $5.86 and a 52 week high of $8.29.

LINKBANCORP (NASDAQ:LNKB) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $27.66 million during the quarter, compared to the consensus estimate of $27.33 million. LINKBANCORP had a return on equity of 7.86% and a net margin of 3.65%. Analysts predict that LINKBANCORP, Inc. will post 0.71 EPS for the current year.

LINKBANCORP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a $0.075 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.01%. LINKBANCORP’s dividend payout ratio (DPR) is presently -428.57%.

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.