LINKBANCORP (NASDAQ:LNKB) Posts Quarterly Earnings Results, Hits Estimates

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

LINKBANCORP Price Performance

NASDAQ:LNKB opened at $6.64 on Wednesday. LINKBANCORP has a 52 week low of $5.86 and a 52 week high of $8.29. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $248.04 million, a P/E ratio of -25.54 and a beta of 0.51. The stock’s fifty day moving average is $6.37 and its two-hundred day moving average is $6.47.

LINKBANCORP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date was Friday, August 30th. LINKBANCORP’s dividend payout ratio is presently -115.38%.

Insider Buying and Selling at LINKBANCORP

In related news, Director Mona D. Albertine sold 4,741 shares of the business’s stock in a transaction on Friday, September 6th. The stock was 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 directly owns 36,353 shares of the company’s stock, valued at $225,752.13. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Mona D. Albertine sold 4,741 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $6.21, for a total value of $29,441.61. Following the completion of the sale, the director now directly owns 36,353 shares of the company’s stock, valued at approximately $225,752.13. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director George Parmer acquired 5,000 shares of LINKBANCORP stock in a transaction on Friday, August 2nd. The shares were bought at an average cost of $6.78 per share, with a total value of $33,900.00. Following the completion of the purchase, the director now owns 180,488 shares in the company, valued at $1,223,708.64. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 43,223 shares of company stock worth $273,083 and have sold 16,741 shares worth $107,022. Company insiders own 35.84% 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.