Fidelity D & D Bancorp Inc. Cuts Position in LINKBANCORP, Inc. (NASDAQ:LNKB)

Fidelity D & D Bancorp Inc. decreased its holdings in LINKBANCORP, Inc. (NASDAQ:LNKB) by 82.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,926 shares of the company’s stock after selling 236,067 shares during the quarter. Fidelity D & D Bancorp Inc. owned about 0.14% of LINKBANCORP worth $353,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Sandy Spring Bank acquired a new stake in LINKBANCORP in the fourth quarter valued at $37,000. Heritage Wealth Advisors acquired a new stake in shares of LINKBANCORP during the fourth quarter valued at $39,000. Leo Wealth LLC acquired a new stake in shares of LINKBANCORP during the fourth quarter valued at $92,000. Cora Capital Advisors LLC acquired a new stake in shares of LINKBANCORP during the fourth quarter valued at $118,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of LINKBANCORP during the fourth quarter valued at $157,000. Institutional investors and hedge funds own 37.52% of the company’s stock.

Insider Buying and Selling at LINKBANCORP

In other news, Director George Parmer bought 4,256 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was bought at an average price of $6.26 per share, for a total transaction of $26,642.56. Following the transaction, the director now owns 170,064 shares in the company, valued at $1,064,600.64. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director George Parmer bought 4,256 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was bought at an average price of $6.26 per share, for a total transaction of $26,642.56. Following the transaction, the director now owns 170,064 shares in the company, valued at $1,064,600.64. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Carl D. Lundblad bought 12,671 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was purchased at an average price of $6.33 per share, with a total value of $80,207.43. Following the transaction, the president now owns 12,671 shares in the company, valued at approximately $80,207.43. The disclosure for this purchase can be found here. Insiders acquired a total of 27,551 shares of company stock worth $174,710 in the last 90 days. 35.84% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Stephens reaffirmed an “equal weight” rating and set a $7.50 price objective on shares of LINKBANCORP in a research note on Monday, May 13th.

LINKBANCORP Stock Up 2.0 %

Shares of NASDAQ:LNKB traded up $0.12 during mid-day trading on Friday, hitting $6.12. 2,729,399 shares of the company traded hands, compared to its average volume of 55,647. The firm has a market cap of $228.64 million, a P/E ratio of -23.54 and a beta of 0.59. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.01 and a current ratio of 1.01. LINKBANCORP, Inc. has a 52-week low of $5.65 and a 52-week high of $8.29. The firm’s 50 day simple moving average is $6.40 and its 200 day simple moving average is $6.90.

LINKBANCORP (NASDAQ:LNKB) last announced its earnings results on Monday, April 29th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). LINKBANCORP had a negative net margin of 5.10% and a positive return on equity of 5.47%. The company had revenue of $26.61 million for the quarter, compared to analysts’ expectations of $27.19 million. On average, equities analysts anticipate that LINKBANCORP, Inc. will post 0.75 EPS for the current year.

LINKBANCORP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.30 dividend on an annualized basis and a yield of 4.90%. LINKBANCORP’s dividend payout ratio (DPR) is presently -115.38%.

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.