Barclays PLC Buys 13,818 Shares of LINKBANCORP, Inc. (NASDAQ:LNKB)

Barclays PLC boosted its position in shares of LINKBANCORP, Inc. (NASDAQ:LNKB) by 53.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,897 shares of the company’s stock after purchasing an additional 13,818 shares during the period. Barclays PLC owned about 0.11% of LINKBANCORP worth $257,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fourthstone LLC boosted its position in shares of 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. Geode Capital Management LLC boosted its holdings in LINKBANCORP by 13.7% during the third quarter. Geode Capital Management LLC now owns 562,775 shares of the company’s stock worth $3,608,000 after purchasing an additional 67,728 shares during the last quarter. Bank of New York Mellon Corp bought a new position in LINKBANCORP in the second quarter valued at $397,000. Renaissance Technologies LLC bought a new position in LINKBANCORP in the second quarter valued at $151,000. Finally, Rhumbline Advisers acquired a new stake in LINKBANCORP in the 2nd quarter valued at $137,000. Institutional investors and hedge funds own 37.52% of the company’s stock.

LINKBANCORP Trading Up 0.4 %

LINKBANCORP stock opened at $7.28 on Tuesday. The company has a market cap of $272.05 million, a price-to-earnings ratio of -104.00 and a beta of 0.45. The firm has a 50-day moving average of $7.47 and a 200-day moving average of $6.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00. LINKBANCORP, Inc. has a one year low of $5.86 and a one year high of $7.98.

LINKBANCORP (NASDAQ:LNKB) last released its 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 return on equity of 7.86% and a net margin of 3.65%. On average, equities analysts expect that LINKBANCORP, Inc. will post 0.71 earnings per share for the current fiscal year.

LINKBANCORP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a $0.075 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.30 annualized dividend and a dividend yield of 4.12%. LINKBANCORP’s dividend payout ratio is presently -428.57%.

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.