Bernardo Wealth Planning LLC Takes Position in LINKBANCORP, Inc. $LNKB

Bernardo Wealth Planning LLC purchased a new stake in shares of LINKBANCORP, Inc. (NASDAQ:LNKB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 27,361 shares of the company’s stock, valued at approximately $200,000. Bernardo Wealth Planning LLC owned 0.07% of LINKBANCORP as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. FJ Capital Management LLC lifted 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. Geode Capital Management LLC lifted its position in shares of LINKBANCORP by 0.4% in the second quarter. Geode Capital Management LLC now owns 587,084 shares of the company’s stock valued at $4,293,000 after acquiring an additional 2,291 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in LINKBANCORP by 12.1% during 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 in the last quarter. Nuveen LLC bought a new stake in LINKBANCORP in the first quarter worth $194,000. Finally, Los Angeles Capital Management LLC purchased a new stake in LINKBANCORP during the 2nd quarter valued at $161,000. Institutional investors own 37.52% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on LNKB. Weiss Ratings reissued a “hold (c+)” rating on shares of LINKBANCORP in a research report on Wednesday. DA Davidson upgraded shares of LINKBANCORP to a “strong-buy” rating in a report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $8.75.

LINKBANCORP Trading Down 0.7%

Shares of LNKB opened at $7.62 on Friday. The firm has a market capitalization of $285.26 million, a P/E ratio of 7.47 and a beta of 0.46. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $7.20 and a 200 day moving average price of $7.17. LINKBANCORP, Inc. has a 12-month low of $6.09 and a 12-month high of $7.98.

LINKBANCORP (NASDAQ:LNKB) last issued its quarterly earnings data on Monday, October 27th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. The company had revenue of $29.19 million during the quarter, compared to analyst estimates of $29.39 million. LINKBANCORP had a return on equity of 10.28% and a net margin of 20.81%. Sell-side analysts forecast that LINKBANCORP, Inc. will post 0.84 EPS for the current year.

LINKBANCORP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.075 per share. The ex-dividend date is Friday, November 28th. This represents a $0.30 dividend on an annualized basis and a yield of 3.9%. LINKBANCORP’s dividend payout ratio is 29.41%.

About LINKBANCORP

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.