LINKBANCORP, Inc. (NASDAQ:LNKB - Get Free Report) Director Mona D. Albertine sold 2,000 shares of LINKBANCORP stock in a transaction that occurred on Wednesday, September 4th. The stock was 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 in the company, valued at approximately $256,426.56. The sale was disclosed in a document filed with the SEC, which is available at this link.
LINKBANCORP Price Performance
Shares of LNKB stock opened at $6.15 on Friday. The stock's fifty day simple moving average is $6.60 and its 200 day simple moving average is $6.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $229.74 million, a price-to-earnings ratio of -23.65 and a beta of 0.51. LINKBANCORP, Inc. has a one year low of $5.86 and a one year high of $8.29.
LINKBANCORP (NASDAQ:LNKB - Get Free Report) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). The company had revenue of $26.34 million during 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%. On average, analysts expect that LINKBANCORP, Inc. will post 0.73 earnings per share for the current fiscal year.
LINKBANCORP Announces Dividend
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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 given a $0.075 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.30 annualized dividend and a yield of 4.88%. LINKBANCORP's payout ratio is -115.38%.
Hedge Funds Weigh In On LINKBANCORP
Several institutional investors have recently bought and sold shares of the business. Brown Advisory Inc. bought a new position in LINKBANCORP in the 4th quarter valued at $1,724,000. Bank of New York Mellon Corp bought a new position in LINKBANCORP in the 2nd quarter valued at $397,000. Wealthspire Advisors LLC bought a new position in LINKBANCORP in the 4th quarter valued at $515,000. Renaissance Technologies LLC bought a new position in LINKBANCORP in the 2nd quarter valued at $151,000. Finally, Hillsdale Investment Management Inc. bought a new position in LINKBANCORP in the 1st quarter valued at $164,000. Institutional investors own 37.52% of the company's stock.
Wall Street Analyst Weigh In
Separately, Stephens reissued an "equal weight" rating and set a $7.50 price objective on shares of LINKBANCORP in a report on Monday, May 13th.
Read Our Latest Stock Report on LINKBANCORP
LINKBANCORP Company Profile
(
Get Free Report)
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.
Further Reading
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