LINKBANCORP, Inc. (NASDAQ:LNKB) is FJ Capital Management LLC’s 9th Largest Position

FJ Capital Management LLC grew its holdings in shares of LINKBANCORP, Inc. (NASDAQ:LNKB) by 22.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,539,938 shares of the company’s stock after purchasing an additional 637,649 shares during the quarter. LINKBANCORP makes up about 3.1% of FJ Capital Management LLC’s investment portfolio, making the stock its 9th biggest position. FJ Capital Management LLC owned 0.09% of LINKBANCORP worth $26,479,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB lifted its position in LINKBANCORP by 2,122.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,666 shares of the company’s stock worth $50,000 after buying an additional 6,366 shares during the period. Invesco Ltd. purchased a new stake in LINKBANCORP in the fourth quarter valued at approximately $78,000. Wells Fargo & Company MN increased its position in LINKBANCORP by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 12,989 shares of the company’s stock worth $97,000 after purchasing an additional 2,829 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in LINKBANCORP during the fourth quarter worth approximately $150,000. Finally, Bank of America Corp DE boosted its holdings in shares of LINKBANCORP by 31.1% in the 4th quarter. Bank of America Corp DE now owns 22,444 shares of the company’s stock valued at $168,000 after purchasing an additional 5,322 shares during the last quarter. Institutional investors and hedge funds own 37.52% of the company’s stock.

LINKBANCORP Price Performance

NASDAQ LNKB opened at $7.11 on Friday. The company has a 50 day moving average price of $6.76 and a two-hundred day moving average price of $7.14. LINKBANCORP, Inc. has a 12-month low of $5.86 and a 12-month high of $7.98. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $265.75 million, a PE ratio of 10.16 and a beta of 0.49.

LINKBANCORP (NASDAQ:LNKB) last issued its quarterly earnings results on Monday, April 28th. The company reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. LINKBANCORP had a return on equity of 9.89% and a net margin of 15.64%. The company had revenue of $39.09 million during the quarter, compared to analyst estimates of $28.56 million. As a group, equities analysts predict that LINKBANCORP, Inc. will post 0.84 earnings per share for the current fiscal year.

LINKBANCORP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a dividend of $0.075 per share. The ex-dividend date is Friday, May 30th. This represents a $0.30 annualized dividend and a dividend yield of 4.22%. LINKBANCORP’s dividend payout ratio (DPR) is presently 31.25%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. DA Davidson reaffirmed a “buy” rating and set a $9.00 price target on shares of LINKBANCORP in a research report on Thursday, January 30th. Hovde Group assumed coverage on LINKBANCORP in a research report on Tuesday, April 1st. They issued an “outperform” rating and a $8.50 target price on the stock.

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.