Insider Buying: LINKBANCORP, Inc. (NASDAQ:LNKB) Insider Purchases 7,080 Shares of Stock

LINKBANCORP, Inc. (NASDAQ:LNKB) insider Catherine Eisel acquired 7,080 shares of the stock in a transaction dated Friday, August 9th. The stock was acquired at an average cost of $6.28 per share, with a total value of $44,462.40. Following the transaction, the insider now directly owns 7,800 shares in the company, valued at $48,984. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

LINKBANCORP Stock Performance

LNKB traded down $0.14 on Friday, reaching $6.25. 27,403 shares of the stock were exchanged, compared to its average volume of 63,342. The company’s 50-day moving average price is $6.54 and its 200 day moving average price is $6.71. LINKBANCORP, Inc. has a fifty-two week low of $5.86 and a fifty-two week high of $8.29. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $233.48 million, a PE ratio of -24.58 and a beta of 0.51.

LINKBANCORP Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given 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 4.80%. LINKBANCORP’s dividend payout ratio is currently -115.38%.

Analyst Ratings Changes

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

Institutional Trading of LINKBANCORP

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LNKB. Sandy Spring Bank purchased a new position in shares of LINKBANCORP during the 4th quarter valued at about $37,000. Heritage Wealth Advisors purchased a new position in shares of LINKBANCORP during the 4th quarter valued at about $39,000. Leo Wealth LLC purchased a new position in shares of LINKBANCORP during the 4th quarter valued at about $92,000. Cora Capital Advisors LLC purchased a new position in shares of LINKBANCORP during the 4th quarter valued at about $118,000. Finally, Rhumbline Advisers purchased a new position in shares of LINKBANCORP during the 2nd quarter valued at about $137,000. Institutional investors and hedge funds own 37.52% of the company’s stock.

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.