BNP Paribas Financial Markets Makes New Investment in LINKBANCORP, Inc. (NASDAQ:LNKB)

BNP Paribas Financial Markets purchased a new stake in LINKBANCORP, Inc. (NASDAQ:LNKB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 46,880 shares of the company’s stock, valued at approximately $351,000. BNP Paribas Financial Markets owned 0.13% of LINKBANCORP as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in shares of LINKBANCORP by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 565,304 shares of the company’s stock valued at $4,229,000 after purchasing an additional 2,529 shares during the period. Wells Fargo & Company MN lifted its stake in shares of LINKBANCORP by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 12,989 shares of the company’s stock valued at $97,000 after purchasing an additional 2,829 shares during the period. LPL Financial LLC lifted its stake in shares of LINKBANCORP by 8.3% in the 4th quarter. LPL Financial LLC now owns 52,844 shares of the company’s stock valued at $395,000 after purchasing an additional 4,072 shares during the period. DAVENPORT & Co LLC lifted its stake in shares of LINKBANCORP by 22.2% in the 4th quarter. DAVENPORT & Co LLC now owns 28,109 shares of the company’s stock valued at $210,000 after purchasing an additional 5,109 shares during the period. Finally, Wilmington Savings Fund Society FSB increased its position in shares of LINKBANCORP by 2,122.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,666 shares of the company’s stock valued at $50,000 after buying an additional 6,366 shares in the last quarter. Institutional investors and hedge funds own 37.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on LNKB. Hovde Group began coverage on shares of LINKBANCORP in a research report on Tuesday, April 1st. They issued an “outperform” rating and a $8.50 price objective for the company. DA Davidson restated a “buy” rating and issued a $9.00 price objective on shares of LINKBANCORP in a research report on Thursday, January 30th.

LINKBANCORP Price Performance

LNKB opened at $6.88 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. LINKBANCORP, Inc. has a 12 month low of $5.86 and a 12 month high of $7.98. The company has a fifty day simple moving average of $6.80 and a 200 day simple moving average of $7.16. The stock has a market cap of $257.21 million, a P/E ratio of 9.83 and a beta of 0.49.

LINKBANCORP (NASDAQ:LNKB) last released its quarterly earnings data on Monday, April 28th. The company reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. LINKBANCORP had a net margin of 15.64% and a return on equity of 9.89%. The business had revenue of $39.09 million during the quarter, compared to analysts’ expectations of $28.56 million. On average, research analysts expect that LINKBANCORP, Inc. will post 0.84 EPS for the current year.

LINKBANCORP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date is Friday, May 30th. LINKBANCORP’s dividend payout ratio (DPR) is presently 31.25%.

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.