LINKBANCORP, Inc. (NASDAQ:LNKB) Short Interest Update

LINKBANCORP, Inc. (NASDAQ:LNKB) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 288,313 shares, an increase of 20.7% from the January 29th total of 238,893 shares. Based on an average trading volume of 206,034 shares, the short-interest ratio is presently 1.4 days. Currently, 1.2% of the company’s stock are short sold. Currently, 1.2% of the company’s stock are short sold. Based on an average trading volume of 206,034 shares, the short-interest ratio is presently 1.4 days.

Analyst Ratings Changes

LNKB has been the topic of several research reports. Weiss Ratings raised LINKBANCORP from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 20th. Hovde Group downgraded LINKBANCORP from an “outperform” rating to a “market perform” rating and set a $9.25 price objective on the stock. in a report on Friday, December 19th. Zacks Research cut shares of LINKBANCORP from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. Finally, DA Davidson lowered shares of LINKBANCORP from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $9.63.

LINKBANCORP Trading Down 2.1%

NASDAQ:LNKB opened at $8.58 on Friday. The company’s 50 day moving average is $8.76 and its 200-day moving average is $7.88. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. LINKBANCORP has a 12 month low of $6.09 and a 12 month high of $9.59. The firm has a market cap of $321.49 million, a price-to-earnings ratio of 9.53 and a beta of 0.40.

LINKBANCORP (NASDAQ:LNKB) last posted its earnings results on Monday, January 26th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.13). The firm had revenue of $30.04 million during the quarter, compared to analyst estimates of $30.03 million. LINKBANCORP had a net margin of 17.97% and a return on equity of 8.85%. Equities analysts anticipate that LINKBANCORP will post 0.84 EPS for the current year.

LINKBANCORP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be paid a $0.075 dividend. The ex-dividend date is Friday, February 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.5%. LINKBANCORP’s payout ratio is presently 33.33%.

Institutional Trading of LINKBANCORP

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LNKB. Alliancebernstein L.P. lifted its holdings in shares of LINKBANCORP by 0.9% during the second quarter. Alliancebernstein L.P. now owns 1,992,525 shares of the company’s stock worth $14,565,000 after buying an additional 17,400 shares during the last quarter. Fourthstone LLC increased its position in LINKBANCORP by 56.2% during the fourth quarter. Fourthstone LLC now owns 1,066,836 shares of the company’s stock worth $8,812,000 after acquiring an additional 384,013 shares during the period. Algebris UK Ltd. acquired a new position in LINKBANCORP during the 4th quarter valued at $7,374,000. Geode Capital Management LLC boosted its holdings in LINKBANCORP by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 587,084 shares of the company’s stock valued at $4,293,000 after purchasing an additional 2,291 shares during the period. Finally, State Street Corp grew its position in LINKBANCORP by 6.5% in the 4th quarter. State Street Corp now owns 357,413 shares of the company’s stock worth $2,952,000 after purchasing an additional 21,905 shares during the last quarter. Institutional investors and hedge funds own 37.52% of the company’s stock.

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.