LINKBANCORP, Inc. (NASDAQ:LNKB) Shares Sold by LifeGuide Financial Advisors LLC

LifeGuide Financial Advisors LLC lessened its stake in shares of LINKBANCORP, Inc. (NASDAQ:LNKB) by 62.6% in the first quarter, Holdings Channel.com reports. The fund owned 23,880 shares of the company’s stock after selling 40,000 shares during the quarter. LifeGuide Financial Advisors LLC’s holdings in LINKBANCORP were worth $166,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of LNKB. Sandy Spring Bank purchased a new position in LINKBANCORP during the 4th quarter worth approximately $37,000. Heritage Wealth Advisors purchased a new position in shares of LINKBANCORP during the fourth quarter valued at $39,000. Leo Wealth LLC acquired a new position in LINKBANCORP during the fourth quarter valued at $92,000. Cora Capital Advisors LLC purchased a new stake in LINKBANCORP in the 4th quarter worth about $118,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in LINKBANCORP during the 4th quarter worth about $157,000. 37.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Stephens reiterated an “equal weight” rating and issued a $7.50 target price on shares of LINKBANCORP in a report on Monday, May 13th.

LINKBANCORP Stock Up 2.5 %

Shares of NASDAQ:LNKB traded up $0.15 during trading on Monday, reaching $6.27. 79,948 shares of the company traded hands, compared to its average volume of 59,300. The firm has a fifty day simple moving average of $6.40 and a 200 day simple moving average of $6.90. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.38. LINKBANCORP, Inc. has a 1-year low of $5.65 and a 1-year high of $8.29. The firm has a market cap of $234.25 million, a P/E ratio of -23.54 and a beta of 0.57.

LINKBANCORP (NASDAQ:LNKB) last released its quarterly earnings data on Monday, April 29th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). LINKBANCORP had a negative net margin of 5.10% and a positive return on equity of 5.47%. The firm had revenue of $26.61 million for the quarter, compared to analyst estimates of $27.19 million. Analysts anticipate that LINKBANCORP, Inc. will post 0.75 earnings per share for the current fiscal year.

LINKBANCORP Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.78%. LINKBANCORP’s dividend payout ratio is currently -115.38%.

Insider Activity at LINKBANCORP

In other news, CEO Andrew S. Samuel sold 197,500 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $8.50, for a total transaction of $1,678,750.00. Following the completion of the sale, the chief executive officer now owns 20,439 shares in the company, valued at approximately $173,731.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Andrew S. Samuel sold 197,500 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $8.50, for a total value of $1,678,750.00. Following the completion of the sale, the chief executive officer now directly owns 20,439 shares in the company, valued at approximately $173,731.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Carl D. Lundblad bought 12,671 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were bought at an average cost of $6.33 per share, with a total value of $80,207.43. Following the transaction, the president now directly owns 12,671 shares of the company’s stock, valued at $80,207.43. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 27,551 shares of company stock valued at $174,710. Insiders own 35.84% of the company’s stock.

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.