LINKBANCORP, Inc. (NASDAQ:LNKB – Get Free Report) insider Catherine Eisel purchased 23,643 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were purchased at an average price of $6.23 per share, for a total transaction of $147,295.89. Following the completion of the purchase, the insider now directly owns 23,643 shares of the company’s stock, valued at $147,295.89. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Catherine Eisel also recently made the following trade(s):
- On Friday, August 9th, Catherine Eisel bought 7,080 shares of LINKBANCORP stock. The shares were purchased at an average price of $6.28 per share, with a total value of $44,462.40.
LINKBANCORP Stock Performance
Shares of LINKBANCORP stock opened at $6.15 on Friday. The company has a market capitalization of $229.74 million, a PE ratio of -23.65 and a beta of 0.51. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The stock’s fifty day simple moving average is $6.60 and its 200 day simple moving average is $6.60. LINKBANCORP, Inc. has a 12 month low of $5.86 and a 12 month high of $8.29.
LINKBANCORP Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date of this dividend is Friday, August 30th. LINKBANCORP’s dividend payout ratio is presently -115.38%.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Brown Advisory Inc. bought a new stake in LINKBANCORP during the fourth quarter worth about $1,724,000. Bank of New York Mellon Corp bought a new position in LINKBANCORP during the second quarter worth $397,000. Wealthspire Advisors LLC acquired a new stake in LINKBANCORP during the fourth quarter worth approximately $515,000. Renaissance Technologies LLC acquired a new stake in shares of LINKBANCORP during the 2nd quarter worth approximately $151,000. Finally, Hillsdale Investment Management Inc. bought a new stake in LINKBANCORP in the first quarter valued at $164,000. Institutional investors own 37.52% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, Stephens reiterated an “equal weight” rating and set a $7.50 target price on shares of LINKBANCORP in a research report on Monday, May 13th.
Read Our Latest Stock Analysis on LINKBANCORP
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.
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