LINKBANCORP, Inc. (NASDAQ:LNKB) Sees Significant Decrease in Short Interest

LINKBANCORP, Inc. (NASDAQ:LNKB) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 25,300 shares, a decrease of 29.7% from the May 31st total of 36,000 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 33,900 shares, the days-to-cover ratio is presently 0.7 days.

Insider Activity at LINKBANCORP

In related news, Director Mona D. Albertine sold 9,062 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $6.52, for a total transaction of $59,084.24. Following the completion of the sale, the director now directly owns 56,232 shares in the company, valued at approximately $366,632.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other LINKBANCORP news, Director Mona D. Albertine sold 9,062 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $6.52, for a total value of $59,084.24. Following the completion of the sale, the director now owns 56,232 shares in the company, valued at approximately $366,632.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Andrew S. Samuel sold 197,500 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $8.50, for a total value of $1,678,750.00. Following the completion of the sale, the chief executive officer now owns 20,439 shares of the company’s stock, valued at approximately $173,731.50. The disclosure for this sale can be found here. Insiders purchased 27,551 shares of company stock worth $174,710 in the last ninety days. 35.84% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Sandy Spring Bank bought a new stake in LINKBANCORP during the fourth quarter worth about $37,000. Heritage Wealth Advisors bought a new stake in shares of LINKBANCORP in the 4th quarter worth approximately $39,000. Leo Wealth LLC bought a new stake in shares of LINKBANCORP in the 4th quarter worth approximately $92,000. Cora Capital Advisors LLC purchased a new stake in shares of LINKBANCORP in the 4th quarter worth approximately $118,000. Finally, Lowe Wealth Advisors LLC bought a new position in LINKBANCORP during the 4th quarter valued at approximately $157,000. 37.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Stephens reiterated an “equal weight” rating and issued a $7.50 price objective on shares of LINKBANCORP in a report on Monday, May 13th.

LINKBANCORP Trading Up 0.7 %

NASDAQ LNKB traded up $0.04 on Monday, hitting $6.16. The company’s stock had a trading volume of 33,273 shares, compared to its average volume of 58,926. LINKBANCORP has a 52-week low of $5.65 and a 52-week high of $8.29. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.38. The company’s 50-day simple moving average is $6.40 and its 200 day simple moving average is $6.90. The firm has a market cap of $230.14 million, a P/E ratio of -23.54 and a beta of 0.57.

LINKBANCORP (NASDAQ:LNKB) last released its quarterly earnings results on Monday, April 29th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). The firm had revenue of $26.61 million for the quarter, compared to the consensus estimate of $27.19 million. LINKBANCORP had a negative net margin of 5.10% and a positive return on equity of 5.47%. Research analysts predict that LINKBANCORP will post 0.75 EPS for the current fiscal year.

LINKBANCORP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date was Friday, May 31st. LINKBANCORP’s dividend payout ratio is presently -115.38%.

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.