Fidelity D & D Bancorp Inc. Sells 236,067 Shares of LINKBANCORP, Inc. (NASDAQ:LNKB)

Fidelity D & D Bancorp Inc. trimmed its position in shares of LINKBANCORP, Inc. (NASDAQ:LNKB) by 82.3% during the 1st quarter, HoldingsChannel reports. The fund owned 50,926 shares of the company’s stock after selling 236,067 shares during the quarter. Fidelity D & D Bancorp Inc.’s holdings in LINKBANCORP were worth $353,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LNKB. Mendon Capital Advisors Corp bought a new stake in shares of LINKBANCORP in the 4th quarter valued at approximately $2,122,000. Brown Advisory Inc. bought a new stake in shares of LINKBANCORP in the 4th quarter valued at approximately $1,724,000. Wealthspire Advisors LLC bought a new stake in shares of LINKBANCORP in the 4th quarter valued at approximately $515,000. DAVENPORT & Co LLC bought a new stake in shares of LINKBANCORP in the 4th quarter valued at approximately $183,000. Finally, Lowe Wealth Advisors LLC acquired a new position in shares of LINKBANCORP in the 4th quarter worth approximately $157,000. 37.52% of the stock is currently owned by institutional investors.

LINKBANCORP Price Performance

Shares of LNKB traded up $0.12 on Friday, hitting $6.12. The company’s stock had a trading volume of 2,729,399 shares, compared to its average volume of 55,647. The company has a market capitalization of $228.64 million, a PE ratio of -23.54 and a beta of 0.59. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.01 and a quick ratio of 1.01. LINKBANCORP, Inc. has a fifty-two week low of $5.65 and a fifty-two week high of $8.29. The company has a 50 day moving average price of $6.40 and a 200 day moving average price of $6.90.

LINKBANCORP (NASDAQ:LNKB) last announced its earnings results on Monday, April 29th. The company reported $0.16 EPS 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 analyst estimates of $27.19 million. LINKBANCORP had a positive return on equity of 5.47% and a negative net margin of 5.10%. On average, research analysts anticipate that LINKBANCORP, Inc. will post 0.75 earnings per share for the current fiscal year.

LINKBANCORP Dividend Announcement

The company also recently disclosed 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. This represents a $0.30 annualized dividend and a yield of 4.90%. The ex-dividend date was Friday, May 31st. LINKBANCORP’s dividend payout ratio is -115.38%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, President Carl D. Lundblad acquired 12,671 shares of LINKBANCORP stock in a transaction on Wednesday, June 5th. The shares were purchased at an average price of $6.33 per share, with a total value of $80,207.43. Following the acquisition, the president now owns 12,671 shares in the company, valued at $80,207.43. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Mona D. Albertine sold 9,062 shares of the stock in a transaction on 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 owns 56,232 shares of the company’s stock, valued at approximately $366,632.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Carl D. Lundblad purchased 12,671 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was bought at an average cost of $6.33 per share, for a total transaction of $80,207.43. Following the purchase, the president now owns 12,671 shares in the company, valued at $80,207.43. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 27,551 shares of company stock valued at $174,710. 35.84% of the stock is currently owned by corporate insiders.

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.