Geode Capital Management LLC Purchases 67,728 Shares of LINKBANCORP, Inc. (NASDAQ:LNKB)

Geode Capital Management LLC lifted its position in shares of LINKBANCORP, Inc. (NASDAQ:LNKB) by 13.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 562,775 shares of the company’s stock after buying an additional 67,728 shares during the quarter. Geode Capital Management LLC owned approximately 1.51% of LINKBANCORP worth $3,608,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC lifted its position in shares of LINKBANCORP by 53.0% in the 3rd quarter. Barclays PLC now owns 39,897 shares of the company’s stock worth $257,000 after purchasing an additional 13,818 shares during the period. State Street Corp lifted its holdings in LINKBANCORP by 5.5% during the third quarter. State Street Corp now owns 283,891 shares of the company’s stock worth $1,820,000 after buying an additional 14,730 shares during the period. Fourthstone LLC lifted its holdings in LINKBANCORP by 234.1% during the third quarter. Fourthstone LLC now owns 444,223 shares of the company’s stock worth $2,847,000 after buying an additional 311,271 shares during the period. MetLife Investment Management LLC boosted its position in LINKBANCORP by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 14,038 shares of the company’s stock valued at $90,000 after acquiring an additional 7,910 shares in the last quarter. Finally, Truist Financial Corp purchased a new position in shares of LINKBANCORP in the 2nd quarter valued at $73,000. Hedge funds and other institutional investors own 37.52% of the company’s stock.

LINKBANCORP Price Performance

Shares of LNKB stock opened at $7.50 on Tuesday. The stock’s 50-day moving average is $7.45 and its 200 day moving average is $6.81. LINKBANCORP, Inc. has a 1-year low of $5.86 and a 1-year high of $8.12. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $280.28 million, a P/E ratio of -107.14 and a beta of 0.45.

LINKBANCORP (NASDAQ:LNKB) last released its quarterly earnings results on Monday, October 28th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $27.66 million for the quarter, compared to analyst estimates of $27.33 million. LINKBANCORP had a net margin of 3.65% and a return on equity of 7.86%. Research analysts predict that LINKBANCORP, Inc. will post 0.71 earnings per share for the current fiscal year.

LINKBANCORP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend was Friday, November 29th. LINKBANCORP’s payout ratio is currently -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.