LINKBANCORP, Inc. (NASDAQ:LNKB) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in LINKBANCORP, Inc. (NASDAQ:LNKB) by 13.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 562,775 shares of the company’s stock after buying an additional 67,728 shares during the quarter. Geode Capital Management LLC’s holdings in LINKBANCORP were worth $3,608,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of LNKB. State Street Corp lifted its holdings in LINKBANCORP by 5.5% in the third quarter. State Street Corp now owns 283,891 shares of the company’s stock valued at $1,820,000 after acquiring an additional 14,730 shares during the period. Barclays PLC increased its holdings in LINKBANCORP by 53.0% in the third quarter. Barclays PLC now owns 39,897 shares of the company’s stock valued at $257,000 after buying an additional 13,818 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of LINKBANCORP in the second quarter worth about $151,000. Rhumbline Advisers purchased a new stake in shares of LINKBANCORP during the 2nd quarter worth about $137,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of LINKBANCORP in the 2nd quarter valued at about $397,000. Hedge funds and other institutional investors own 37.52% of the company’s stock.

LINKBANCORP Stock Performance

Shares of LNKB stock opened at $7.50 on Tuesday. The company has a market capitalization of $280.28 million, a P/E ratio of -107.14 and a beta of 0.45. LINKBANCORP, Inc. has a 12-month low of $5.86 and a 12-month high of $8.12. The business’s 50 day moving average is $7.45 and its two-hundred day moving average is $6.81. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37.

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

LINKBANCORP Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.075 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.30 annualized dividend and a dividend yield of 4.00%. LINKBANCORP’s dividend payout ratio (DPR) is -428.57%.

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.