LINKBANCORP (NASDAQ:LNKB) Announces Earnings Results

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

LINKBANCORP Trading Up 1.1 %

LNKB opened at $6.55 on Tuesday. The firm has a market capitalization of $244.68 million, a price-to-earnings ratio of -25.19 and a beta of 0.51. LINKBANCORP has a one year low of $5.86 and a one year high of $8.29. The business has a 50 day simple moving average of $6.37 and a two-hundred day simple moving average of $6.46. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00.

LINKBANCORP Announces Dividend

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

Insider Activity

In related news, Director George Parmer acquired 5,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was acquired at an average cost of $6.78 per share, for a total transaction of $33,900.00. Following the acquisition, the director now owns 180,488 shares of the company’s stock, valued at $1,223,708.64. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director George Parmer bought 5,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was purchased at an average price of $6.78 per share, with a total value of $33,900.00. Following the transaction, the director now owns 180,488 shares of the company’s stock, valued at approximately $1,223,708.64. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Catherine Eisel acquired 7,080 shares of the stock in a transaction on Friday, August 9th. The shares were purchased at an average cost of $6.28 per share, with a total value of $44,462.40. Following the transaction, the insider now directly owns 7,800 shares of the company’s stock, valued at approximately $48,984. This trade represents a 900.00 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 43,223 shares of company stock valued at $273,083 and have sold 16,741 shares valued at $107,022. 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.