LINKBANCORP, Inc. (NASDAQ:LNKB) Short Interest Update

LINKBANCORP, Inc. (NASDAQ:LNKB) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 88,000 shares, an increase of 247.8% from the June 15th total of 25,300 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 83,800 shares, the short-interest ratio is presently 1.1 days.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, CEO Andrew S. Samuel sold 197,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $8.50, for a total value of $1,678,750.00. Following the transaction, the chief executive officer now owns 20,439 shares in the company, valued at $173,731.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Andrew S. Samuel sold 197,500 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $8.50, for a total value of $1,678,750.00. Following the transaction, the chief executive officer now directly owns 20,439 shares of the company’s stock, valued at $173,731.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mona D. Albertine sold 9,062 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $6.52, for a total transaction of $59,084.24. Following the sale, the director now directly owns 56,232 shares of the company’s stock, valued at approximately $366,632.64. The disclosure for this sale can be found here. In the last three months, insiders have bought 27,551 shares of company stock worth $174,710. Insiders own 35.84% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Fidelity D & D Bancorp Inc. raised its stake in shares of LINKBANCORP by 579.7% in the 4th quarter. Fidelity D & D Bancorp Inc. now owns 286,993 shares of the company’s stock valued at $2,287,000 after acquiring an additional 244,768 shares during the period. Leo Wealth LLC acquired a new position in LINKBANCORP during the fourth quarter worth $92,000. Lowe Wealth Advisors LLC purchased a new position in shares of LINKBANCORP during the fourth quarter worth $157,000. DAVENPORT & Co LLC purchased a new stake in shares of LINKBANCORP in the 4th quarter valued at $183,000. Finally, Brown Advisory Inc. purchased a new stake in LINKBANCORP during the fourth quarter worth about $1,724,000. Institutional investors and hedge funds own 37.52% of the company’s stock.

LINKBANCORP Trading Up 2.4 %

NASDAQ:LNKB traded up $0.15 on Thursday, hitting $6.41. The stock had a trading volume of 102,973 shares, compared to its average volume of 60,658. The company has a fifty day moving average price of $6.35 and a two-hundred day moving average price of $6.84. LINKBANCORP has a 1-year low of $5.75 and a 1-year high of $8.29. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.38. The stock has a market cap of $239.48 million, a price-to-earnings ratio of -24.54 and a beta of 0.57.

LINKBANCORP (NASDAQ:LNKB) last issued its quarterly earnings data on Monday, April 29th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). The business had revenue of $26.61 million during the quarter, compared to analysts’ expectations of $27.19 million. LINKBANCORP had a positive return on equity of 5.47% and a negative net margin of 5.10%. Equities research analysts expect that LINKBANCORP will post 0.75 earnings per share for the current fiscal year.

LINKBANCORP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a $0.075 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.30 annualized dividend and a yield of 4.68%. LINKBANCORP’s dividend payout ratio (DPR) is currently -115.38%.

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.