LINKBANCORP, Inc. (NASDAQ:LNKB) Holdings Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in LINKBANCORP, Inc. (NASDAQ:LNKB) by 30.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,644 shares of the company’s stock after acquiring an additional 15,852 shares during the period. Bank of New York Mellon Corp owned approximately 0.18% of LINKBANCORP worth $506,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in LNKB. Geode Capital Management LLC lifted its position in LINKBANCORP by 13.7% in the third quarter. Geode Capital Management LLC now owns 562,775 shares of the company’s stock worth $3,608,000 after purchasing an additional 67,728 shares during the period. Fourthstone LLC raised its stake in shares of LINKBANCORP by 234.1% in the 3rd quarter. Fourthstone LLC now owns 444,223 shares of the company’s stock worth $2,847,000 after buying an additional 311,271 shares in the last quarter. State Street Corp lifted its holdings in shares of LINKBANCORP by 5.5% in the third quarter. State Street Corp now owns 283,891 shares of the company’s stock valued at $1,820,000 after buying an additional 14,730 shares during the period. Wealthspire Advisors LLC boosted its stake in LINKBANCORP by 11.3% during the fourth quarter. Wealthspire Advisors LLC now owns 71,831 shares of the company’s stock valued at $537,000 after buying an additional 7,265 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of LINKBANCORP by 53.0% in the 3rd quarter. Barclays PLC now owns 39,897 shares of the company’s stock worth $257,000 after purchasing an additional 13,818 shares in the last quarter. Institutional investors and hedge funds own 37.52% of the company’s stock.

LINKBANCORP Stock Performance

LINKBANCORP stock opened at $7.06 on Friday. LINKBANCORP, Inc. has a fifty-two week low of $5.86 and a fifty-two week high of $7.98. The firm’s 50 day simple moving average is $7.20 and its 200-day simple moving average is $7.08. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $263.83 million, a P/E ratio of 10.09 and a beta of 0.37.

LINKBANCORP (NASDAQ:LNKB) last posted its quarterly earnings data on Monday, January 27th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. LINKBANCORP had a net margin of 15.64% and a return on equity of 9.89%. As a group, equities research analysts predict that LINKBANCORP, Inc. will post 0.84 EPS for the current year.

LINKBANCORP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend was Friday, February 28th. LINKBANCORP’s dividend payout ratio is currently 42.86%.

Wall Street Analyst Weigh In

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

LINKBANCORP 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.