Andrew S. Samuel Sells 197,500 Shares of LINKBANCORP, Inc. (NASDAQ:LNKB) Stock

LINKBANCORP, Inc. (NASDAQ:LNKB) CEO Andrew S. Samuel sold 197,500 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $8.50, for a total transaction of $1,678,750.00. Following the completion of the transaction, the chief executive officer now directly owns 20,439 shares in the company, valued at $173,731.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

LINKBANCORP Price Performance

LINKBANCORP stock opened at $6.62 on Friday. The business’s 50 day simple moving average is $6.69 and its 200 day simple moving average is $6.90. LINKBANCORP, Inc. has a 12 month low of $4.80 and a 12 month high of $8.29. The company has a market cap of $247.30 million, a price-to-earnings ratio of -25.46 and a beta of 0.62. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.38.

LINKBANCORP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.075 per share. The ex-dividend date is Friday, May 31st. This represents a $0.30 annualized dividend and a dividend yield of 4.53%. LINKBANCORP’s payout ratio is -115.38%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On LINKBANCORP

Several large investors have recently added to or reduced their stakes in the company. Sandy Spring Bank bought a new position in LINKBANCORP during the fourth quarter worth about $37,000. Heritage Wealth Advisors purchased a new stake in shares of LINKBANCORP during the 4th quarter valued at approximately $39,000. Leo Wealth LLC bought a new position in LINKBANCORP in the 4th quarter worth approximately $92,000. Cambridge Investment Research Advisors Inc. purchased a new position in LINKBANCORP in the 3rd quarter valued at approximately $85,000. Finally, Kingsview Wealth Management LLC bought a new stake in LINKBANCORP during the 3rd quarter valued at $90,000. Hedge funds and other institutional investors own 37.52% 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.