Dimensional Fund Advisors LP Has $83,000 Position in LINKBANCORP, Inc. (NASDAQ:LNKB)

Dimensional Fund Advisors LP reduced its stake in LINKBANCORP, Inc. (NASDAQ:LNKB) by 70.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,613 shares of the company’s stock after selling 32,931 shares during the period. Dimensional Fund Advisors LP’s holdings in LINKBANCORP were worth $83,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Leo Wealth LLC acquired a new stake in shares of LINKBANCORP in the 4th quarter valued at approximately $92,000. Rhumbline Advisers acquired a new stake in shares of LINKBANCORP in the 2nd quarter valued at approximately $137,000. Hillsdale Investment Management Inc. acquired a new stake in shares of LINKBANCORP in the 1st quarter valued at approximately $164,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of LINKBANCORP in the 2nd quarter valued at approximately $397,000. 37.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mona D. Albertine sold 4,741 shares of LINKBANCORP stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $6.21, for a total transaction of $29,441.61. Following the sale, the director now directly owns 36,353 shares in the company, valued at $225,752.13. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Catherine Eisel purchased 23,643 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 23,643 shares of the company’s stock, valued at approximately $147,295.89. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mona D. Albertine sold 4,741 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $6.21, for a total transaction of $29,441.61. Following the completion of the transaction, the director now owns 36,353 shares in the company, valued at $225,752.13. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 43,223 shares of company stock worth $273,083 and have sold 16,741 shares worth $107,022. 35.84% of the stock is owned by corporate insiders.

LINKBANCORP Stock Performance

LNKB opened at $6.40 on Wednesday. The company’s 50 day moving average is $6.34 and its 200-day moving average is $6.48. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. LINKBANCORP, Inc. has a 1-year low of $5.86 and a 1-year high of $8.29. The company has a market cap of $239.08 million, a P/E ratio of -24.62 and a beta of 0.51.

LINKBANCORP (NASDAQ:LNKB) last posted its earnings results on Monday, July 29th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). LINKBANCORP had a positive return on equity of 6.71% and a negative net margin of 0.34%. The business had revenue of $26.34 million for the quarter, compared to analyst estimates of $27.17 million. Equities research analysts predict that LINKBANCORP, Inc. will post 0.7 earnings per share for the current fiscal year.

LINKBANCORP Announces Dividend

The firm 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. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.30 annualized dividend and a yield of 4.69%. LINKBANCORP’s dividend payout ratio is presently -115.38%.

LINKBANCORP Company Profile

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.