Lowe Wealth Advisors LLC Lowers Stake in LINKBANCORP, Inc. (NASDAQ:LNKB)

Lowe Wealth Advisors LLC lessened its holdings in LINKBANCORP, Inc. (NASDAQ:LNKB) by 33.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,876 shares of the company’s stock after selling 4,938 shares during the quarter. Lowe Wealth Advisors LLC’s holdings in LINKBANCORP were worth $74,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Bank of New York Mellon Corp purchased a new stake in LINKBANCORP during the 2nd quarter worth approximately $397,000. Rhumbline Advisers acquired a new position in LINKBANCORP in the 2nd quarter valued at $137,000. Renaissance Technologies LLC purchased a new position in LINKBANCORP in the 2nd quarter valued at $151,000. The Manufacturers Life Insurance Company acquired a new stake in LINKBANCORP during the 2nd quarter worth $65,000. Finally, Truist Financial Corp acquired a new stake in LINKBANCORP during the 2nd quarter worth $73,000. 37.52% of the stock is owned by institutional investors and hedge funds.

LINKBANCORP Price Performance

Shares of NASDAQ LNKB traded down $0.17 during mid-day trading on Friday, reaching $7.00. The company’s stock had a trading volume of 43,706 shares, compared to its average volume of 36,839. The stock has a 50-day moving average of $7.48 and a two-hundred day moving average of $6.84. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $261.59 million, a P/E ratio of -100.00 and a beta of 0.45. LINKBANCORP, Inc. has a 1-year low of $5.86 and a 1-year high of $8.02.

LINKBANCORP (NASDAQ:LNKB) last released 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. LINKBANCORP had a net margin of 3.65% and a return on equity of 7.86%. The business had revenue of $27.66 million for the quarter, compared to analyst estimates of $27.33 million. On average, equities research analysts anticipate that LINKBANCORP, Inc. will post 0.71 EPS for the current fiscal year.

LINKBANCORP Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a dividend of $0.075 per share. The ex-dividend date was Friday, November 29th. This represents a $0.30 annualized dividend and a dividend yield of 4.29%. LINKBANCORP’s dividend payout ratio is presently -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.