Cora Capital Advisors LLC Takes $118,000 Position in LINKBANCORP, Inc. (NASDAQ:LNKB)

Cora Capital Advisors LLC acquired a new stake in LINKBANCORP, Inc. (NASDAQ:LNKB) during the fourth quarter, Holdings Channel.com reports. The firm acquired 14,864 shares of the company’s stock, valued at approximately $118,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sandy Spring Bank acquired a new position in shares of LINKBANCORP in the 4th quarter valued at about $37,000. DAVENPORT & Co LLC acquired a new position in LINKBANCORP during the 4th quarter worth approximately $183,000. Fidelity D & D Bancorp Inc. raised its stake in LINKBANCORP by 579.7% during the 4th quarter. Fidelity D & D Bancorp Inc. now owns 286,993 shares of the company’s stock worth $2,287,000 after buying an additional 244,768 shares during the period. Lowe Wealth Advisors LLC acquired a new position in LINKBANCORP during the 4th quarter worth approximately $157,000. Finally, Kingsview Wealth Management LLC acquired a new position in LINKBANCORP during the 3rd quarter worth approximately $90,000. 37.52% of the stock is owned by institutional investors and hedge funds.

LINKBANCORP Stock Performance

LNKB stock remained flat at $6.70 during trading on Friday. The company had a trading volume of 24,268 shares, compared to its average volume of 23,802. The business’s fifty day simple moving average is $6.80 and its 200 day simple moving average is $6.89. LINKBANCORP, Inc. has a fifty-two week low of $4.80 and a fifty-two week high of $8.29. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $250.25 million, a price-to-earnings ratio of -13.14 and a beta of 0.60.

LINKBANCORP (NASDAQ:LNKB) last posted its quarterly earnings results on Monday, January 29th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.14. LINKBANCORP had a positive return on equity of 3.59% and a negative net margin of 18.34%. The business had revenue of $15.49 million for the quarter, compared to the consensus estimate of $16.42 million. As a group, analysts predict that LINKBANCORP, Inc. will post 0.81 earnings per share for the current fiscal year.

LINKBANCORP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date was Wednesday, February 28th. LINKBANCORP’s dividend payout ratio is currently -58.82%.

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.