Brown Advisory Inc. Makes New $1.72 Million Investment in LINKBANCORP, Inc. (NASDAQ:LNKB)

Brown Advisory Inc. purchased a new position in shares of LINKBANCORP, Inc. (NASDAQ:LNKB) during the 4th quarter, HoldingsChannel reports. The firm purchased 216,311 shares of the company’s stock, valued at approximately $1,724,000.

Several other large investors also recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. purchased a new position in shares of LINKBANCORP in the 3rd quarter valued at about $85,000. Kingsview Wealth Management LLC purchased a new position in shares of LINKBANCORP in the 3rd quarter valued at about $90,000. Fidelity D & D Bancorp Inc. purchased a new position in shares of LINKBANCORP in the 3rd quarter valued at about $289,000. Lowe Wealth Advisors LLC purchased a new position in shares of LINKBANCORP in the 4th quarter valued at about $157,000. Finally, DAVENPORT & Co LLC purchased a new position in shares of LINKBANCORP in the 4th quarter valued at about $183,000. Hedge funds and other institutional investors own 37.52% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In other news, Director Mona D. Albertine sold 9,062 shares of the firm’s 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 directly owns 56,232 shares of the company’s stock, valued at approximately $366,632.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Andrew S. Samuel sold 197,500 shares of LINKBANCORP stock in a transaction on 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 of the company’s stock, valued at $173,731.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mona D. Albertine sold 9,062 shares of LINKBANCORP stock in a transaction 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 transaction, the director now directly owns 56,232 shares of the company’s stock, valued at $366,632.64. The disclosure for this sale can be found here. Insiders own 35.84% of the company’s stock.

LINKBANCORP Stock Up 1.5 %

LINKBANCORP stock opened at $6.58 on Friday. LINKBANCORP, Inc. has a twelve month low of $4.80 and a twelve month high of $8.29. The stock has a 50 day moving average of $6.65 and a two-hundred day moving average of $6.91. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.38.

LINKBANCORP (NASDAQ:LNKB) last posted its quarterly earnings data on Monday, April 29th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). LINKBANCORP had a positive return on equity of 5.47% and a negative net margin of 5.10%. The company had revenue of $26.61 million for the quarter, compared to analyst estimates of $27.19 million. As a group, research analysts expect that LINKBANCORP, Inc. will post 0.74 EPS for the current fiscal year.

LINKBANCORP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.075 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.30 annualized dividend and a dividend yield of 4.56%. LINKBANCORP’s dividend payout ratio is currently -115.38%.

LINKBANCORP 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.