Sandy Spring Bank acquired a new stake in shares of LINKBANCORP, Inc. (NASDAQ:LNKB – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,694 shares of the company’s stock, valued at approximately $37,000.
A number of other institutional investors have also modified their holdings of the business. State Street Corp grew its position in shares of LINKBANCORP by 10.0% during the 1st quarter. State Street Corp now owns 50,809 shares of the company’s stock valued at $333,000 after buying an additional 4,624 shares during the last quarter. UBS Group AG bought a new position in LINKBANCORP in the 3rd quarter worth about $41,000. Tower Research Capital LLC TRC bought a new position in LINKBANCORP in the 3rd quarter worth about $49,000. Susquehanna International Group LLP bought a new position in LINKBANCORP in the 1st quarter worth about $67,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in LINKBANCORP in the 3rd quarter worth about $85,000. Institutional investors own 37.52% of the company’s stock.
LINKBANCORP Stock Performance
NASDAQ LNKB opened at $6.32 on Friday. LINKBANCORP, Inc. has a 52 week low of $4.80 and a 52 week high of $8.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.00 and a current ratio of 1.00. The company has a 50-day moving average price of $6.87 and a two-hundred day moving average price of $6.89.
LINKBANCORP Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date was Wednesday, February 28th. LINKBANCORP’s dividend payout ratio is currently -58.82%.
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.
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