LINKBANCORP’s (LNKB) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their hold (c) rating on shares of LINKBANCORP (NASDAQ:LNKB) in a research note issued to investors on Friday morning,Weiss Ratings reports.

Separately, DA Davidson upgraded shares of LINKBANCORP to a “strong-buy” rating in a research note on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $8.75.

LINKBANCORP Price Performance

Shares of NASDAQ LNKB opened at $7.03 on Friday. LINKBANCORP has a fifty-two week low of $6.09 and a fifty-two week high of $7.98. The business has a 50 day moving average price of $7.16 and a two-hundred day moving average price of $7.09. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.21. The firm has a market cap of $263.27 million, a PE ratio of 6.89 and a beta of 0.46.

LINKBANCORP (NASDAQ:LNKB) last announced its earnings results on Monday, October 27th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. The company had revenue of $29.19 million for the quarter, compared to analyst estimates of $29.39 million. LINKBANCORP had a return on equity of 10.41% and a net margin of 20.81%. Sell-side analysts expect that LINKBANCORP will post 0.84 earnings per share for the current fiscal year.

LINKBANCORP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, November 28th. LINKBANCORP’s payout ratio is currently 29.41%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Segall Bryant & Hamill LLC bought a new stake in shares of LINKBANCORP during the 1st quarter valued at about $811,000. Charles Schwab Investment Management Inc. boosted its stake in LINKBANCORP by 12.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 64,967 shares of the company’s stock valued at $440,000 after acquiring an additional 6,998 shares during the period. Nuveen LLC bought a new position in shares of LINKBANCORP during the first quarter valued at approximately $194,000. FJ Capital Management LLC grew its holdings in shares of LINKBANCORP by 5.3% during the first quarter. FJ Capital Management LLC now owns 3,728,660 shares of the company’s stock valued at $25,280,000 after purchasing an additional 188,722 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of LINKBANCORP during the 2nd quarter worth approximately $35,000. 37.52% of the stock is currently owned by institutional investors.

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.