LINKBANCORP (NASDAQ:LNKB) Now Covered by Analysts at Hovde Group

Hovde Group began coverage on shares of LINKBANCORP (NASDAQ:LNKB) in a report released 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 set a $9.00 target price on shares of LINKBANCORP in a report on Thursday, January 30th.

LINKBANCORP Trading Down 0.4 %

NASDAQ LNKB opened at $6.75 on Tuesday. The company’s fifty day moving average price is $7.17 and its two-hundred day moving average price is $7.11. The company has a market capitalization of $252.25 million, a price-to-earnings ratio of 9.64 and a beta of 0.37. LINKBANCORP has a 12 month low of $5.86 and a 12 month high of $7.98. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00.

LINKBANCORP (NASDAQ:LNKB) last issued its quarterly earnings results on Monday, January 27th. The company reported $0.21 EPS 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, research analysts predict that LINKBANCORP will post 0.84 earnings per share for the current fiscal year.

LINKBANCORP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.075 dividend. 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 Investors Weigh In On LINKBANCORP

A number of institutional investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB lifted its holdings in LINKBANCORP by 2,122.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,666 shares of the company’s stock worth $50,000 after acquiring an additional 6,366 shares during the last quarter. Invesco Ltd. bought a new stake in shares of LINKBANCORP in the 4th quarter worth approximately $78,000. Wells Fargo & Company MN boosted its position in LINKBANCORP by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 12,989 shares of the company’s stock valued at $97,000 after purchasing an additional 2,829 shares during the period. MetLife Investment Management LLC grew its stake in LINKBANCORP by 129.1% during the 3rd 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 bought a new position in LINKBANCORP during the 4th quarter worth $150,000. Institutional investors 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.