Banc Funds Co. LLC Lowers Stock Position in LINKBANCORP, Inc. (NASDAQ:LNKB)

Banc Funds Co. LLC cut its position in shares of LINKBANCORP, Inc. (NASDAQ:LNKB) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 864,241 shares of the company’s stock after selling 11,000 shares during the quarter. Banc Funds Co. LLC owned approximately 2.31% of LINKBANCORP worth $5,540,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fourthstone LLC boosted its stake in shares of LINKBANCORP by 234.1% in the 3rd quarter. Fourthstone LLC now owns 444,223 shares of the company’s stock worth $2,847,000 after buying an additional 311,271 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in LINKBANCORP during the second quarter worth $397,000. Renaissance Technologies LLC purchased a new position in LINKBANCORP in the second quarter worth $151,000. Rhumbline Advisers bought a new position in LINKBANCORP in the 2nd quarter valued at $137,000. Finally, Truist Financial Corp purchased a new stake in shares of LINKBANCORP during the 2nd quarter valued at $73,000. 37.52% of the stock is owned by institutional investors.

Insider Buying and Selling at LINKBANCORP

In other news, Director Mona D. Albertine sold 4,741 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $6.21, for a total transaction of $29,441.61. Following the transaction, the director now owns 36,353 shares of the company’s stock, valued at $225,752.13. This represents a 11.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Catherine Eisel purchased 23,643 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were purchased at an average price of $6.23 per share, with a total value of $147,295.89. Following the purchase, the insider now directly owns 23,643 shares in the company, valued at $147,295.89. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 35.84% of the stock is owned by corporate insiders.

LINKBANCORP Trading Down 0.3 %

NASDAQ LNKB opened at $7.60 on Monday. The business’s fifty day moving average is $6.83 and its 200-day 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 stock has a market capitalization of $284.01 million, a price-to-earnings ratio of -108.57 and a beta of 0.40. LINKBANCORP, Inc. has a one year low of $5.86 and a one year high of $8.29.

LINKBANCORP (NASDAQ:LNKB) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. LINKBANCORP had a net margin of 3.65% and a return on equity of 7.86%. The business had revenue of $27.66 million for the quarter, compared to analyst estimates of $27.33 million. Equities research analysts predict that LINKBANCORP, Inc. will post 0.7 EPS for the current year.

LINKBANCORP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.075 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.30 annualized dividend and a yield of 3.95%. LINKBANCORP’s payout ratio is -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.