10,619 Shares in LINKBANCORP, Inc. (NASDAQ:LNKB) Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new stake in shares of LINKBANCORP, Inc. (NASDAQ:LNKB) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,619 shares of the company’s stock, valued at approximately $65,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new position in shares of LINKBANCORP during the second quarter valued at approximately $397,000. Renaissance Technologies LLC bought a new position in shares of LINKBANCORP in the second quarter worth approximately $151,000. Hillsdale Investment Management Inc. purchased a new stake in shares of LINKBANCORP during the first quarter valued at approximately $164,000. Finally, Rhumbline Advisers bought a new stake in shares of LINKBANCORP during the second quarter valued at approximately $137,000. 37.52% of the stock is currently owned by hedge funds and other institutional investors.

LINKBANCORP Price Performance

Shares of NASDAQ LNKB opened at $6.32 on Tuesday. The company has a 50 day moving average of $6.36 and a 200 day moving average of $6.47. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. LINKBANCORP, Inc. has a twelve month low of $5.86 and a twelve month high of $8.29. The firm has a market cap of $236.09 million, a P/E ratio of -24.31 and a beta of 0.51.

LINKBANCORP (NASDAQ:LNKB) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.17 earnings per share 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 during the quarter, compared to analysts’ expectations of $27.17 million. As a group, research analysts expect that LINKBANCORP, Inc. will post 0.7 EPS for the current fiscal year.

LINKBANCORP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 4.75%. The ex-dividend date was Friday, August 30th. LINKBANCORP’s dividend payout ratio is currently -115.38%.

Insider Activity

In related news, insider Catherine Eisel acquired 7,080 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was purchased at an average cost of $6.28 per share, with a total value of $44,462.40. Following the completion of the acquisition, the insider now directly owns 7,800 shares of the company’s stock, valued at approximately $48,984. This trade represents a 900.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Catherine Eisel acquired 7,080 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average price of $6.28 per share, with a total value of $44,462.40. Following the completion of the acquisition, the insider now directly owns 7,800 shares of the company’s stock, valued at approximately $48,984. The trade was a 900.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mona D. Albertine sold 10,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 45,294 shares in the company, valued at approximately $294,863.94. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 43,223 shares of company stock valued at $273,083 and have sold 16,741 shares valued at $107,022. Insiders own 35.84% of the company’s stock.

LINKBANCORP 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.