Barclays PLC Has $257,000 Position in LINKBANCORP, Inc. (NASDAQ:LNKB)

Barclays PLC raised its stake in LINKBANCORP, Inc. (NASDAQ:LNKB) by 53.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,897 shares of the company’s stock after acquiring an additional 13,818 shares during the quarter. Barclays PLC’s holdings in LINKBANCORP were worth $257,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in LINKBANCORP in the 2nd quarter valued at $397,000. Rhumbline Advisers bought a new stake in shares of LINKBANCORP in the second quarter valued at about $137,000. Renaissance Technologies LLC acquired a new position in shares of LINKBANCORP in the second quarter valued at about $151,000. The Manufacturers Life Insurance Company bought a new position in LINKBANCORP during the second quarter worth about $65,000. Finally, Truist Financial Corp bought a new position in LINKBANCORP during the second quarter worth about $73,000. 37.52% of the stock is owned by institutional investors and hedge funds.

LINKBANCORP Stock Performance

NASDAQ LNKB opened at $7.28 on Tuesday. The firm has a 50-day moving average price of $7.47 and a two-hundred day moving average price of $6.89. LINKBANCORP, Inc. has a 12-month low of $5.86 and a 12-month high of $7.98. The company has a market capitalization of $272.05 million, a P/E ratio of -104.00 and a beta of 0.45. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37.

LINKBANCORP (NASDAQ:LNKB) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $27.66 million during the quarter, compared to analysts’ expectations of $27.33 million. LINKBANCORP had a return on equity of 7.86% and a net margin of 3.65%. Analysts anticipate that LINKBANCORP, Inc. will post 0.71 earnings per share for the current year.

LINKBANCORP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 4.12%. The ex-dividend date was Friday, November 29th. LINKBANCORP’s dividend payout ratio is currently -428.57%.

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.