LINKBANCORP (NASDAQ:LNKB) Releases Quarterly Earnings Results, Meets Expectations

LINKBANCORP (NASDAQ:LNKB) posted its quarterly earnings results on Monday. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19, Zacks reports. LINKBANCORP had a negative net margin of 0.34% and a positive return on equity of 6.71%. The company had revenue of $27.66 million for the quarter, compared to analysts’ expectations of $27.33 million.

LINKBANCORP Stock Up 1.1 %

LNKB stock opened at $6.55 on Tuesday. The stock has a fifty day moving average of $6.37 and a 200-day moving average of $6.46. LINKBANCORP has a fifty-two week low of $5.86 and a fifty-two week high of $8.29. The company has a market capitalization of $244.68 million, a price-to-earnings ratio of -25.19 and a beta of 0.51. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00.

LINKBANCORP Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.58%. LINKBANCORP’s dividend payout ratio is presently -115.38%.

Insider Activity at LINKBANCORP

In other LINKBANCORP news, Director Mona D. Albertine sold 4,741 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $6.21, for a total transaction of $29,441.61. Following the completion of the transaction, the director now owns 36,353 shares in the company, valued at $225,752.13. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other LINKBANCORP news, insider Catherine Eisel bought 23,643 shares of the stock in a transaction on Wednesday, September 4th. The shares were acquired at an average price of $6.23 per share, with a total value of $147,295.89. Following the acquisition, the insider now directly owns 23,643 shares of the company’s stock, valued at $147,295.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mona D. Albertine sold 4,741 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $6.21, for a total value of $29,441.61. Following the sale, the director now owns 36,353 shares in the company, valued at approximately $225,752.13. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have bought 43,223 shares of company stock worth $273,083 and have sold 16,741 shares worth $107,022. 35.84% of the stock is currently owned by company insiders.

LINKBANCORP Company 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.