Brokers Set Expectations for LINKBANCORP FY2024 Earnings

LINKBANCORP, Inc. (NASDAQ:LNKB) – Equities researchers at DA Davidson cut their FY2024 earnings estimates for LINKBANCORP in a research note issued to investors on Thursday, October 31st. DA Davidson analyst M. Navas now expects that the company will earn $0.72 per share for the year, down from their previous estimate of $0.76. The consensus estimate for LINKBANCORP’s current full-year earnings is $0.70 per share. DA Davidson also issued estimates for LINKBANCORP’s Q4 2024 earnings at $0.20 EPS.

LINKBANCORP (NASDAQ:LNKB) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $27.66 million for the quarter, compared to analysts’ expectations of $27.33 million. LINKBANCORP had a net margin of 3.65% and a return on equity of 7.92%.

LINKBANCORP Stock Down 1.7 %

Shares of NASDAQ LNKB opened at $7.04 on Friday. The stock has a market capitalization of $263.01 million, a P/E ratio of -100.57 and a beta of 0.51. LINKBANCORP has a one year low of $5.86 and a one year high of $8.29. The firm’s 50 day simple moving average is $6.41 and its two-hundred day simple moving average is $6.48. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LNKB. The Manufacturers Life Insurance Company bought a new position in shares of LINKBANCORP in the second quarter worth approximately $65,000. Truist Financial Corp bought a new position in shares of LINKBANCORP in the second quarter worth approximately $73,000. Rhumbline Advisers bought a new position in shares of LINKBANCORP in the second quarter worth approximately $137,000. Renaissance Technologies LLC bought a new position in shares of LINKBANCORP in the second quarter worth approximately $151,000. Finally, Hillsdale Investment Management Inc. bought a new position in shares of LINKBANCORP in the first quarter worth approximately $164,000. Institutional investors own 37.52% of the company’s stock.

Insiders Place Their Bets

In other LINKBANCORP news, Director Mona D. Albertine sold 4,741 shares of LINKBANCORP stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $6.21, for a total transaction of $29,441.61. Following the transaction, the director now directly owns 36,353 shares of the company’s stock, valued at approximately $225,752.13. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other LINKBANCORP news, Director Mona D. Albertine sold 4,741 shares of LINKBANCORP stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $6.21, for a total transaction of $29,441.61. Following the transaction, the director now directly owns 36,353 shares of the company’s stock, valued at approximately $225,752.13. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director George Parmer purchased 5,000 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were acquired at an average cost of $6.46 per share, for a total transaction of $32,300.00. Following the completion of the purchase, the director now directly owns 185,488 shares of the company’s stock, valued at approximately $1,198,252.48. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 38,223 shares of company stock valued at $239,183 and have sold 16,741 shares valued at $107,022. Insiders own 35.84% of the company’s stock.

LINKBANCORP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 4.26%. The ex-dividend date was Friday, August 30th. LINKBANCORP’s dividend payout ratio (DPR) is presently -428.57%.

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.