23,000 Shares in LINKBANCORP, Inc. (NASDAQ:LNKB) Purchased by DAVENPORT & Co LLC

DAVENPORT & Co LLC acquired a new position in shares of LINKBANCORP, Inc. (NASDAQ:LNKB) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 23,000 shares of the company’s stock, valued at approximately $183,000.

Other institutional investors also recently bought and sold shares of the company. Fidelity D & D Bancorp Inc. boosted its stake in shares of LINKBANCORP by 579.7% in the 4th quarter. Fidelity D & D Bancorp Inc. now owns 286,993 shares of the company’s stock valued at $2,287,000 after buying an additional 244,768 shares during the period. Lowe Wealth Advisors LLC purchased a new stake in LINKBANCORP in the fourth quarter valued at approximately $157,000. Tower Research Capital LLC TRC acquired a new position in shares of LINKBANCORP in the third quarter valued at approximately $49,000. Kingsview Wealth Management LLC acquired a new position in shares of LINKBANCORP in the third quarter valued at approximately $90,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in LINKBANCORP during the third quarter worth $85,000. 37.52% of the stock is owned by institutional investors and hedge funds.

LINKBANCORP Trading Down 3.7 %

Shares of LNKB stock opened at $6.32 on Friday. The business’s fifty day moving average price is $6.88 and its 200 day moving average price is $6.90. LINKBANCORP, Inc. has a 1-year low of $4.80 and a 1-year high of $8.29. The firm has a market capitalization of $236.05 million, a PE ratio of -12.39 and a beta of 0.60. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 1.00.

LINKBANCORP (NASDAQ:LNKB) last posted its earnings results on Monday, January 29th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.14. The company had revenue of $15.49 million for the quarter, compared to analyst estimates of $16.42 million. LINKBANCORP had a positive return on equity of 3.59% and a negative net margin of 18.34%. As a group, sell-side analysts forecast that LINKBANCORP, Inc. will post 0.81 EPS for the current fiscal year.

LINKBANCORP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a dividend of $0.075 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.30 annualized dividend and a yield of 4.75%. LINKBANCORP’s dividend payout ratio (DPR) is presently -58.82%.

LINKBANCORP 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.