LINKBANCORP (NASDAQ:LNKB) Releases Earnings Results

LINKBANCORP (NASDAQ:LNKB) announced its quarterly earnings results on Monday. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19, Zacks reports. The company had revenue of $27.66 million during the quarter, compared to analysts’ expectations of $27.33 million. LINKBANCORP had a positive return on equity of 6.71% and a negative net margin of 0.34%.

LINKBANCORP Trading Down 0.1 %

Shares of LINKBANCORP stock traded down $0.01 on Thursday, reaching $6.94. 2,846 shares of the company’s stock were exchanged, compared to its average volume of 57,766. The firm’s 50-day moving average is $6.39 and its two-hundred day moving average is $6.47. The company has a market capitalization of $259.31 million, a P/E ratio of -99.29 and a beta of 0.51. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. LINKBANCORP has a 52 week low of $5.86 and a 52 week high of $8.29.

LINKBANCORP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend was Friday, August 30th. LINKBANCORP’s dividend payout ratio is currently -428.57%.

Insider Buying and Selling at LINKBANCORP

In related news, Director Mona D. Albertine sold 10,000 shares of LINKBANCORP stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $6.51, for a total transaction of $65,100.00. Following the transaction, the director now owns 45,294 shares of the company’s stock, valued at $294,863.94. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other LINKBANCORP news, Director George Parmer acquired 5,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $6.46 per share, with a total value of $32,300.00. Following the completion of the transaction, the director now owns 185,488 shares in the company, valued at approximately $1,198,252.48. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mona D. Albertine sold 10,000 shares of LINKBANCORP stock in a transaction on Monday, August 26th. The stock was sold at an average price of $6.51, for a total value of $65,100.00. Following the sale, the director now owns 45,294 shares in the company, valued at $294,863.94. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 43,223 shares of company stock valued at $273,083 and sold 16,741 shares valued at $107,022. 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.