LINKBANCORP (NASDAQ:LNKB) Coverage Initiated by Analysts at Hovde Group

Hovde Group started coverage on shares of LINKBANCORP (NASDAQ:LNKB) in a research note issued to investors on Tuesday, Marketbeat reports. The firm issued an outperform rating and a $8.50 target price on the stock.

Separately, DA Davidson reaffirmed a “buy” rating and issued a $9.00 price objective on shares of LINKBANCORP in a report on Thursday, January 30th.

LINKBANCORP Stock Performance

LNKB opened at $6.75 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $7.17 and its 200-day moving average is $7.11. The stock has a market cap of $252.25 million, a PE ratio of 9.64 and a beta of 0.37. LINKBANCORP has a twelve month low of $5.86 and a twelve month high of $7.98.

LINKBANCORP (NASDAQ:LNKB) last announced its earnings results on Monday, January 27th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. LINKBANCORP had a return on equity of 9.89% and a net margin of 15.64%. On average, analysts predict that LINKBANCORP will post 0.84 earnings per share for the current year.

LINKBANCORP Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 4.44%. The ex-dividend date was Friday, February 28th. LINKBANCORP’s dividend payout ratio (DPR) is presently 42.86%.

Institutional Trading of LINKBANCORP

Institutional investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB lifted its holdings in 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 acquiring an additional 6,366 shares during the last quarter. Invesco Ltd. acquired a new stake in LINKBANCORP during the fourth quarter valued at approximately $78,000. Wells Fargo & Company MN boosted its holdings in LINKBANCORP by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 12,989 shares of the company’s stock worth $97,000 after buying an additional 2,829 shares in the last quarter. MetLife Investment Management LLC grew its position in LINKBANCORP by 129.1% in the third quarter. MetLife Investment Management LLC now owns 14,038 shares of the company’s stock worth $90,000 after buying an additional 7,910 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of LINKBANCORP during the 4th quarter valued at $150,000. Institutional investors and hedge funds own 37.52% of the company’s stock.

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.