LINKBANCORP (NASDAQ:LNKB) Announces Earnings Results

LINKBANCORP (NASDAQ:LNKB - Get Free Report) announced its quarterly earnings data on Monday. The company reported $0.19 EPS for the quarter, hitting analysts' consensus estimates of $0.19, Zacks reports. LINKBANCORP had a positive return on equity of 6.71% and a negative net margin of 0.34%. The firm had revenue of $27.66 million for the quarter, compared to the consensus estimate of $27.33 million.

LINKBANCORP Trading Up 1.4 %

NASDAQ:LNKB traded up $0.09 on Tuesday, reaching $6.64. The company's stock had a trading volume of 26,558 shares, compared to its average volume of 58,032. LINKBANCORP has a 12-month low of $5.86 and a 12-month high of $8.29. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average price of $6.37 and a 200 day moving average price of $6.46. The firm has a market cap of $248.04 million, a price-to-earnings ratio of -25.42 and a beta of 0.51.

LINKBANCORP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a $0.075 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.30 dividend on an annualized basis and a yield of 4.52%. LINKBANCORP's dividend payout ratio is currently -115.38%.

Insider Activity

In other news, Director Mona D. Albertine sold 4,741 shares of LINKBANCORP stock in a transaction on Friday, September 6th. The stock was sold at an average price of $6.21, for a total value of $29,441.61. Following the completion of the sale, the director now directly owns 36,353 shares of the company's stock, valued at approximately $225,752.13. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Catherine Eisel acquired 23,643 shares of the company's stock in a transaction dated Wednesday, September 4th. The stock was acquired at an average cost of $6.23 per share, with a total value of $147,295.89. Following the completion of the purchase, the insider now owns 23,643 shares of the company's stock, valued at $147,295.89. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mona D. Albertine sold 4,741 shares of the business's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $6.21, for a total value of $29,441.61. Following the transaction, the director now directly owns 36,353 shares of the company's stock, valued at $225,752.13. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 43,223 shares of company stock valued at $273,083 and sold 16,741 shares valued at $107,022. Insiders own 35.84% of the company's stock.

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.