LINKBANCORP, Inc. (NASDAQ:LNKB) Shares Bought by State Street Corp

State Street Corp increased its stake in LINKBANCORP, Inc. (NASDAQ:LNKB) by 5.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 283,891 shares of the company’s stock after buying an additional 14,730 shares during the quarter. State Street Corp owned about 0.76% of LINKBANCORP worth $1,820,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fourthstone LLC raised its stake in shares of LINKBANCORP by 234.1% during the third quarter. Fourthstone LLC now owns 444,223 shares of the company’s stock valued at $2,847,000 after purchasing an additional 311,271 shares during the period. Bank of New York Mellon Corp acquired a new position in LINKBANCORP in the 2nd quarter worth $397,000. Renaissance Technologies LLC purchased a new position in LINKBANCORP in the 2nd quarter valued at about $151,000. Rhumbline Advisers acquired a new stake in shares of LINKBANCORP during the second quarter valued at about $137,000. Finally, Truist Financial Corp purchased a new stake in shares of LINKBANCORP during the second quarter worth about $73,000. 37.52% of the stock is owned by institutional investors and hedge funds.

LINKBANCORP Trading Down 0.3 %

Shares of LNKB opened at $7.48 on Thursday. LINKBANCORP, Inc. has a one year low of $5.86 and a one year high of $8.29. The stock has a 50-day moving average price of $7.40 and a 200 day moving average price of $6.79. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $279.53 million, a P/E ratio of -106.86 and a beta of 0.45.

LINKBANCORP (NASDAQ:LNKB) last released its earnings results on Monday, October 28th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate 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 return on equity of 7.86% and a net margin of 3.65%. Sell-side analysts forecast that LINKBANCORP, Inc. will post 0.71 EPS for the current fiscal year.

LINKBANCORP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.075 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.01%. LINKBANCORP’s dividend payout ratio (DPR) is presently -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.