LINKBANCORP (NASDAQ:LNKB) Stock Price Up 0.1%

Shares of LINKBANCORP, Inc. (NASDAQ:LNKB) rose 0.1% during mid-day trading on Tuesday . The company traded as high as $7.04 and last traded at $7.00. Approximately 1,555 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 19,454 shares. The stock had previously closed at $6.99.

Wall Street Analysts Forecast Growth

Separately, Stephens upped their target price on LINKBANCORP from $6.50 to $7.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 8th.

LINKBANCORP Trading Up 0.1 %

The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.81. The business has a 50 day moving average of $6.49 and a 200-day moving average of $6.37. The stock has a market cap of $113.65 million and a PE ratio of 35.00.

LINKBANCORP (NASDAQ:LNKB) last posted its earnings results on Monday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). LINKBANCORP had a net margin of 4.46% and a return on equity of 4.01%. The company had revenue of $8.98 million during the quarter. On average, analysts anticipate that LINKBANCORP, Inc. will post 0.09 EPS for the current year.

LINKBANCORP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend is Wednesday, August 30th. LINKBANCORP’s dividend payout ratio is presently 150.00%.

Insiders Place Their Bets

In other LINKBANCORP news, Director Steven I. Tressler purchased 9,352 shares of LINKBANCORP stock in a transaction on Thursday, August 10th. The shares were bought at an average price of $6.95 per share, with a total value of $64,996.40. Following the purchase, the director now directly owns 267,294 shares in the company, valued at approximately $1,857,693.30. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 26.23% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. UBS Group AG purchased a new position in shares of LINKBANCORP in the 3rd quarter worth $41,000. Susquehanna International Group LLP purchased a new position in shares of LINKBANCORP in the 1st quarter worth $67,000. HRT Financial LP purchased a new position in shares of LINKBANCORP in the 1st quarter worth $88,000. Commonwealth Equity Services LLC purchased a new position in shares of LINKBANCORP in the 3rd quarter worth $187,000. Finally, Advisor Group Holdings Inc. purchased a new position in shares of LINKBANCORP in the 4th quarter worth $187,000. 37.52% of the stock is owned by hedge funds and other institutional investors.

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.