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Parmer George, a director at LINKBANCORP , Inc. (NASDAQ:LNKB), recently acquired shares in the company, according to a recent SEC filing. On May 23, 2025, George purchased 200 shares of common stock at $6.73 per share, followed by an additional acquisition of 2,076 shares at the same price on May 27, 2025. The total value of these transactions amounted to $15,317. The insider buying comes as LINKBANCORP, currently valued at $254 million, trades at an attractive P/E ratio of 7.5x and offers a 4.4% dividend yield. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value estimate.
Following these purchases, George holds a significant number of shares in various capacities. Directly, he owns 195,664 shares, while indirectly, he holds shares through entities such as Company A, Company B, Company C, Company D, a trust, a partnership, and his spouse. InvestingPro data reveals the company has demonstrated strong performance with 135.6% revenue growth in the last twelve months, and analysts expect continued profitability this year. Unlock more insights and 12+ additional ProTips with an InvestingPro subscription.
In other recent news, LINKBANCORP, Inc. has received all necessary regulatory approvals to finalize the sale of its New Jersey operations to American Heritage Federal Credit Union. The transaction, expected to be completed by March 31, 2025, involves the divestiture of three branches along with their associated loans, deposits, and fixed assets. This strategic move follows LINKBANCORP’s acquisition of these branches during its merger with Partners Bancorp in November 2023. Additionally, LINKBANCORP announced a reduction in its board of directors, decreasing the board size to eleven members effective at the company’s 2025 annual shareholders’ meeting. The board has nominated eleven current directors for reelection, while ten directors will not stand for reelection and will step down from the board of LINKBANK as well. There is no indication of disagreements with the departing directors, and the changes are aimed at restructuring the leadership. These developments may influence LINKBANCORP’s governance and strategic direction. The information was disclosed in a recent 8-K filing with the SEC and a press release from LINKBANCORP.
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