Fourthstone LLC Acquires 311,271 Shares of LINKBANCORP, Inc. (NASDAQ:LNKB)

Fourthstone LLC grew its stake in LINKBANCORP, Inc. (NASDAQ:LNKB) by 234.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 444,223 shares of the company’s stock after purchasing an additional 311,271 shares during the period. LINKBANCORP comprises approximately 0.6% of Fourthstone LLC’s investment portfolio, making the stock its 28th largest position. Fourthstone LLC owned 1.19% of LINKBANCORP worth $2,847,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC acquired a new stake in LINKBANCORP in the second quarter valued at $151,000. Rhumbline Advisers bought a new stake in shares of LINKBANCORP in the 2nd quarter valued at about $137,000. Bank of New York Mellon Corp acquired a new stake in shares of LINKBANCORP in the second quarter valued at about $397,000. The Manufacturers Life Insurance Company bought a new position in shares of LINKBANCORP during the second quarter worth about $65,000. Finally, Truist Financial Corp acquired a new position in shares of LINKBANCORP in the second quarter worth approximately $73,000. Institutional investors and hedge funds own 37.52% of the company’s stock.

Insider Buying and Selling at LINKBANCORP

In other news, insider Catherine Eisel bought 23,643 shares of LINKBANCORP stock in a transaction dated Wednesday, September 4th. The stock was purchased at an average price of $6.23 per share, for a total transaction of $147,295.89. Following the purchase, the insider now directly owns 23,643 shares in the company, valued at $147,295.89. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mona D. Albertine sold 4,741 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $6.21, for a total transaction of $29,441.61. Following the transaction, the director now owns 36,353 shares in the company, valued at approximately $225,752.13. This trade represents a 11.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 35.84% of the company’s stock.

LINKBANCORP Trading Up 2.0 %

NASDAQ:LNKB traded up $0.15 on Thursday, reaching $7.62. 36,430 shares of the stock traded hands, compared to its average volume of 57,092. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. LINKBANCORP, Inc. has a 1-year low of $5.86 and a 1-year high of $8.29. The company’s 50 day moving average is $6.79 and its 200-day moving average is $6.58. The firm has a market capitalization of $284.76 million, a price-to-earnings ratio of -108.86 and a beta of 0.40.

LINKBANCORP (NASDAQ:LNKB) last announced its earnings results on Monday, October 28th. The company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. The business had revenue of $27.66 million during the quarter, compared to the consensus estimate of $27.33 million. LINKBANCORP had a net margin of 3.65% and a return on equity of 7.86%. Equities research analysts anticipate that LINKBANCORP, Inc. will post 0.7 EPS for the current fiscal year.

LINKBANCORP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend is Friday, November 29th. LINKBANCORP’s dividend payout ratio (DPR) is -428.57%.

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.