Bank of New York Mellon Corp Acquires Shares of 64,788 LINKBANCORP, Inc. (NASDAQ:LNKB)

Bank of New York Mellon Corp bought a new stake in LINKBANCORP, Inc. (NASDAQ:LNKB) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 64,788 shares of the company’s stock, valued at approximately $397,000. Bank of New York Mellon Corp owned 0.17% of LINKBANCORP as of its most recent SEC filing.

Separately, Hillsdale Investment Management Inc. acquired a new stake in LINKBANCORP in the 1st quarter worth about $164,000. 37.52% of the stock is currently owned by institutional investors.

LINKBANCORP Price Performance

Shares of LINKBANCORP stock opened at $6.42 on Thursday. The stock has a market capitalization of $239.83 million, a P/E ratio of -24.69 and a beta of 0.51. The business has a 50 day simple moving average of $6.57 and a two-hundred day simple moving average of $6.55. LINKBANCORP, Inc. has a 12 month low of $5.86 and a 12 month high of $8.29. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00.

LINKBANCORP (NASDAQ:LNKB) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). The firm 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%. As a group, analysts predict that LINKBANCORP, Inc. will post 0.7 EPS for the current fiscal year.

LINKBANCORP Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 4.67%. The ex-dividend date was Friday, August 30th. LINKBANCORP’s dividend payout ratio is currently -115.38%.

Insider Buying and Selling

In other LINKBANCORP news, Director Mona D. Albertine sold 4,741 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $6.21, for a total value of $29,441.61. Following the completion of the sale, the director now owns 36,353 shares in the company, valued at approximately $225,752.13. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other LINKBANCORP news, Director Mona D. Albertine sold 4,741 shares of the business’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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Catherine Eisel bought 7,080 shares of the company’s stock in a transaction on Friday, August 9th. The stock was bought at an average price of $6.28 per share, with a total value of $44,462.40. Following the completion of the acquisition, the insider now owns 7,800 shares in the company, valued at $48,984. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 43,223 shares of company stock worth $273,083 and have sold 16,741 shares worth $107,022. 35.84% of the stock is currently owned by company insiders.

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.