Truist Financial Corp bought a new position in LINKBANCORP, Inc. (NASDAQ:LNKB – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 11,994 shares of the company’s stock, valued at approximately $73,000.
Other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company bought a new stake in shares of LINKBANCORP in the second quarter valued at about $65,000. Renaissance Technologies LLC purchased a new position in LINKBANCORP during the 2nd quarter valued at about $151,000. Rhumbline Advisers bought a new stake in shares of LINKBANCORP in the 2nd quarter valued at about $137,000. Bank of New York Mellon Corp purchased a new stake in shares of LINKBANCORP in the 2nd quarter worth approximately $397,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of LINKBANCORP in the 1st quarter worth approximately $164,000. 37.52% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at LINKBANCORP
In other news, Director Mona D. Albertine sold 10,000 shares of LINKBANCORP stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $6.51, for a total value 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other LINKBANCORP news, Director Mona D. Albertine sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $6.51, for a total value of $65,100.00. Following the completion of the sale, the director now directly owns 45,294 shares in the company, valued at $294,863.94. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George Parmer purchased 5,000 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was purchased at an average cost of $6.78 per share, for a total transaction of $33,900.00. Following the completion of the acquisition, the director now directly owns 180,488 shares of the company’s stock, valued at approximately $1,223,708.64. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 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.
LINKBANCORP Stock Performance
LINKBANCORP (NASDAQ:LNKB – Get Free Report) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The company had revenue of $26.34 million during the quarter, compared to analysts’ expectations of $27.17 million. LINKBANCORP had a negative net margin of 0.34% and a positive return on equity of 6.71%. On average, sell-side analysts anticipate that LINKBANCORP, Inc. will post 0.7 EPS for the current fiscal year.
LINKBANCORP Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a $0.075 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.30 dividend on an annualized basis 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.
See Also
- Five stocks we like better than LINKBANCORP
- What is a Secondary Public Offering? What Investors Need to Know
- Is Spotify Stock Poised to Soar? Options Traders Think So
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Misses and Beats: 3 Stocks That Are Moving Markets Right Now
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- Cisco on the Rise: AI Potential and Analyst Upgrades Drive Gains
Want to see what other hedge funds are holding LNKB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LINKBANCORP, Inc. (NASDAQ:LNKB – Free Report).
Receive News & Ratings for LINKBANCORP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LINKBANCORP and related companies with MarketBeat.com's FREE daily email newsletter.