Leo Wealth LLC Invests $92,000 in LINKBANCORP, Inc. (NASDAQ:LNKB)

Leo Wealth LLC purchased a new position in shares of LINKBANCORP, Inc. (NASDAQ:LNKB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,500 shares of the company’s stock, valued at approximately $92,000. Leo Wealth LLC owned 0.07% of LINKBANCORP at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of LNKB. Fidelity D & D Bancorp Inc. purchased a new position in shares of LINKBANCORP during the 3rd quarter worth $289,000. Lowe Wealth Advisors LLC purchased a new position in shares of LINKBANCORP during the 4th quarter worth $157,000. DAVENPORT & Co LLC purchased a new position in LINKBANCORP during the 4th quarter valued at about $183,000. Sandy Spring Bank purchased a new position in LINKBANCORP during the 4th quarter valued at about $37,000. Finally, Cora Capital Advisors LLC purchased a new position in LINKBANCORP during the 4th quarter valued at about $118,000. 37.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Andrew S. Samuel sold 197,500 shares of LINKBANCORP stock in a transaction dated 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 transaction, the chief executive officer now owns 20,439 shares in the company, valued at approximately $173,731.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, President Carl D. Lundblad purchased 12,671 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were bought at an average price of $6.33 per share, with a total value of $80,207.43. Following the completion of the transaction, the president now directly owns 12,671 shares in the company, valued at approximately $80,207.43. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew S. Samuel sold 197,500 shares of LINKBANCORP stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $8.50, for a total value of $1,678,750.00. Following the completion of the transaction, the chief executive officer now owns 20,439 shares in the company, valued at $173,731.50. The disclosure for this sale can be found here. In the last quarter, insiders purchased 27,551 shares of company stock worth $174,710. 35.84% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

LINKBANCORP Stock Performance

Shares of LINKBANCORP stock opened at $6.15 on Tuesday. The business has a 50-day moving average of $6.47 and a 200 day moving average of $6.95. LINKBANCORP, Inc. has a 12 month low of $5.65 and a 12 month high of $8.29. The stock has a market capitalization of $229.76 million, a price-to-earnings ratio of -23.65 and a beta of 0.59. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.01 and a quick ratio of 1.01.

LINKBANCORP (NASDAQ:LNKB) last announced its earnings results on Monday, April 29th. The company reported $0.16 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 analysts’ expectations of $27.19 million. As a group, sell-side analysts forecast that LINKBANCORP, Inc. will post 0.75 earnings per share for the current year.

LINKBANCORP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 4.88%. The ex-dividend date was Friday, May 31st. LINKBANCORP’s payout ratio is presently -115.38%.

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.