LINKBANCORP (NASDAQ:LNKB) Stock Price Up 0.7% – What’s Next?

LINKBANCORP, Inc. (NASDAQ:LNKB) shot up 0.7% during trading on Tuesday . The company traded as high as $8.69 and last traded at $8.50. 128,254 shares changed hands during trading, a decline of 49% from the average session volume of 253,614 shares. The stock had previously closed at $8.44.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of LINKBANCORP in a report on Monday, December 29th. DA Davidson lowered shares of LINKBANCORP from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Finally, Hovde Group lowered LINKBANCORP from an “outperform” rating to a “market perform” rating and set a $9.25 target price on the stock. in a research report on Friday, December 19th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, LINKBANCORP currently has a consensus rating of “Hold” and a consensus target price of $9.63.

LINKBANCORP Stock Up 0.7%

The firm has a market capitalization of $318.41 million, a PE ratio of 8.33 and a beta of 0.40. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. The firm’s 50 day moving average price is $7.93 and its two-hundred day moving average price is $7.45.

LINKBANCORP (NASDAQ:LNKB) last issued its quarterly earnings data on Monday, October 27th. The company reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. The firm 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%. As a group, research analysts forecast that LINKBANCORP, Inc. will post 0.84 EPS for the current fiscal year.

LINKBANCORP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.30 annualized dividend and a dividend yield of 3.5%. LINKBANCORP’s dividend payout ratio (DPR) is presently 29.41%.

Institutional Trading of LINKBANCORP

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bernardo Wealth Planning LLC acquired a new stake in LINKBANCORP in the second quarter worth about $200,000. Fourthstone LLC lifted its position in shares of LINKBANCORP by 162.3% during the 2nd quarter. Fourthstone LLC now owns 327,439 shares of the company’s stock valued at $2,394,000 after acquiring an additional 202,598 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of LINKBANCORP during the 2nd quarter worth $161,000. Bridgeway Capital Management LLC acquired a new stake in shares of LINKBANCORP during the third quarter worth $471,000. Finally, Squarepoint Ops LLC boosted its position in shares of LINKBANCORP by 104.0% in the 3rd quarter. Squarepoint Ops LLC now owns 39,235 shares of the company’s stock valued at $280,000 after purchasing an additional 20,001 shares during the period. 37.52% of the stock is owned by institutional investors and hedge funds.

LINKBANCORP Company Profile

Link Bancorp, Inc is a bank holding company headquartered in Wheeling, West Virginia, serving as the parent of Link Bank. Established to support the growth of a regional financial institution, the company offers a broad range of banking and financial services through its subsidiary, Link Bank. With an emphasis on community banking, Link Bancorp focuses on building long-term relationships with individuals, businesses and nonprofit organizations across its footprint.

The company’s core activities include commercial and consumer lending, residential mortgage financing, deposit account services and treasury management solutions.