Fidelity D & D Bancorp Inc. Sells 9,701 Shares of LINKBANCORP, Inc. (NASDAQ:LNKB)

Fidelity D & D Bancorp Inc. reduced its stake in shares of LINKBANCORP, Inc. (NASDAQ:LNKB) by 19.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 41,225 shares of the company’s stock after selling 9,701 shares during the period. Fidelity D & D Bancorp Inc.’s holdings in LINKBANCORP were worth $264,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company purchased a new stake in LINKBANCORP during the second quarter valued at about $65,000. Truist Financial Corp bought a new position in shares of LINKBANCORP during the 2nd quarter valued at about $73,000. MetLife Investment Management LLC increased its position in shares of LINKBANCORP by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 14,038 shares of the company’s stock valued at $90,000 after purchasing an additional 7,910 shares during the last quarter. Rhumbline Advisers purchased a new position in shares of LINKBANCORP during the 2nd quarter valued at about $137,000. Finally, Renaissance Technologies LLC bought a new stake in LINKBANCORP in the 2nd quarter worth approximately $151,000. 37.52% of the stock is owned by institutional investors.

LINKBANCORP Price Performance

LNKB traded up $0.02 during midday trading on Friday, hitting $7.76. The stock had a trading volume of 832 shares, compared to its average volume of 56,917. LINKBANCORP, Inc. has a 1 year low of $5.86 and a 1 year high of $8.29. The business has a fifty day moving average of $7.03 and a 200 day moving average of $6.66. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37.

LINKBANCORP (NASDAQ:LNKB) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $27.66 million during the quarter, compared to analysts’ expectations of $27.33 million. LINKBANCORP had a net margin of 3.65% and a return on equity of 7.86%. Equities research analysts forecast that LINKBANCORP, Inc. will post 0.71 EPS for the current year.

LINKBANCORP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.87%. LINKBANCORP’s dividend payout ratio (DPR) is currently -428.57%.

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.