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

LINKBANCORP, Inc. (NASDAQ:LNKB) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totalling 25,300 shares, a decline of 29.7% from the May 31st total of 36,000 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 33,900 shares, the days-to-cover ratio is presently 0.7 days.

LINKBANCORP Trading Up 2.9 %

Shares of NASDAQ:LNKB traded up $0.18 during midday trading on Monday, hitting $6.30. The company had a trading volume of 57,202 shares, compared to its average volume of 59,118. LINKBANCORP has a 12 month low of $5.65 and a 12 month high of $8.29. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.38. The stock has a market cap of $235.37 million, a price-to-earnings ratio of -23.54 and a beta of 0.57. The firm has a fifty day simple moving average of $6.40 and a 200 day simple moving average of $6.90.

LINKBANCORP (NASDAQ:LNKB) last posted its quarterly earnings results on Monday, April 29th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $27.19 million. On average, analysts predict that LINKBANCORP will post 0.75 EPS for the current year.

LINKBANCORP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.30 annualized dividend and a yield of 4.76%. LINKBANCORP’s dividend payout ratio is presently -115.38%.

Insider Activity

In other news, 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 transaction of $59,084.24. Following the transaction, the director now owns 56,232 shares in the company, valued at $366,632.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other LINKBANCORP news, Director Mona D. Albertine sold 9,062 shares of the company’s stock in a transaction dated 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 approximately $366,632.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew S. Samuel sold 197,500 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 20,439 shares in the company, valued at $173,731.50. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 27,551 shares of company stock worth $174,710. 35.84% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LNKB. Sandy Spring Bank bought a new stake in shares of LINKBANCORP in the fourth quarter valued at about $37,000. Heritage Wealth Advisors bought a new stake in shares of LINKBANCORP in the fourth quarter valued at about $39,000. Leo Wealth LLC bought a new stake in shares of LINKBANCORP in the fourth quarter valued at about $92,000. Cora Capital Advisors LLC bought a new stake in shares of LINKBANCORP in the fourth quarter valued at about $118,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of LINKBANCORP in the fourth quarter valued at about $157,000. 37.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.