Renaissance Technologies LLC Takes Position in LINKBANCORP, Inc. (NASDAQ:LNKB)

Renaissance Technologies LLC purchased a new position in shares of LINKBANCORP, Inc. (NASDAQ:LNKB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 24,600 shares of the company’s stock, valued at approximately $151,000. Renaissance Technologies LLC owned 0.07% of LINKBANCORP at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new stake in LINKBANCORP in the second quarter valued at $397,000. Hillsdale Investment Management Inc. acquired a new stake in shares of LINKBANCORP in the 1st quarter valued at about $164,000. Rhumbline Advisers bought a new position in shares of LINKBANCORP during the second quarter worth about $137,000. Finally, Leo Wealth LLC acquired a new position in LINKBANCORP in the fourth quarter worth about $92,000. Institutional investors and hedge funds own 37.52% of the company’s stock.

LINKBANCORP Trading Up 3.7 %

Shares of NASDAQ LNKB opened at $6.46 on Monday. 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 stock’s 50 day moving average price is $6.34 and its two-hundred day moving average price is $6.49. LINKBANCORP, Inc. has a 52-week low of $5.86 and a 52-week high of $8.29. The stock has a market capitalization of $241.32 million, a P/E ratio of -24.85 and a beta of 0.51.

LINKBANCORP (NASDAQ:LNKB) last released its earnings results on Monday, July 29th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). LINKBANCORP had a negative net margin of 0.34% and a positive return on equity of 6.71%. The business had revenue of $26.34 million for the quarter, compared to the consensus estimate of $27.17 million. On average, analysts anticipate that LINKBANCORP, Inc. will post 0.7 earnings per share for the current fiscal year.

LINKBANCORP Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a $0.075 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.30 annualized dividend and a dividend yield of 4.64%. LINKBANCORP’s payout ratio is currently -115.38%.

Insider Activity

In related news, Director Mona D. Albertine sold 10,000 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $6.51, for a total value of $65,100.00. Following the completion of the sale, the director now owns 45,294 shares of the company’s stock, valued at $294,863.94. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Catherine Eisel purchased 23,643 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were bought at an average price of $6.23 per share, with a total value of $147,295.89. Following the completion of the acquisition, the insider now owns 23,643 shares of the company’s stock, valued at approximately $147,295.89. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mona D. Albertine sold 10,000 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $6.51, for a total value of $65,100.00. Following the sale, the director now owns 45,294 shares of the company’s stock, valued at $294,863.94. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 43,223 shares of company stock valued at $273,083 and have sold 16,741 shares valued at $107,022. Corporate 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.