LINKBANCORP (NASDAQ:LNKB) Stock Rating Upgraded by DA Davidson

LINKBANCORP (NASDAQ:LNKB) was upgraded by research analysts at DA Davidson to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of LINKBANCORP in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, LINKBANCORP presently has an average rating of “Buy” and a consensus target price of $8.75.

LINKBANCORP Stock Performance

Shares of LNKB opened at $7.17 on Monday. The stock’s 50-day simple moving average is $7.19 and its 200 day simple moving average is $7.05. The stock has a market capitalization of $268.52 million, a price-to-earnings ratio of 7.17 and a beta of 0.46. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.00 and a current ratio of 1.00. LINKBANCORP has a 52-week low of $6.09 and a 52-week high of $7.98.

LINKBANCORP (NASDAQ:LNKB) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.05 earnings per share for the quarter. LINKBANCORP had a return on equity of 10.32% and a net margin of 20.62%.The firm had revenue of $8.47 million for the quarter. Research analysts forecast that LINKBANCORP will post 0.84 EPS for the current fiscal year.

Hedge Funds Weigh In On LINKBANCORP

Institutional investors have recently modified their holdings of the company. CWM LLC increased its position in shares of LINKBANCORP by 359.5% during the 3rd quarter. CWM LLC now owns 3,837 shares of the company’s stock valued at $27,000 after purchasing an additional 3,002 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of LINKBANCORP during the 2nd quarter valued at about $35,000. Police & Firemen s Retirement System of New Jersey bought a new position in shares of LINKBANCORP during the 2nd quarter valued at about $37,000. Tower Research Capital LLC TRC increased its position in shares of LINKBANCORP by 464.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,407 shares of the company’s stock valued at $69,000 after purchasing an additional 7,741 shares during the last quarter. Finally, Sei Investments Co. bought a new position in shares of LINKBANCORP during the 2nd quarter valued at about $74,000. 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.