LINKBANCORP, Inc. (NASDAQ:LNKB – Get Rating) – DA Davidson upped their FY2023 EPS estimates for LINKBANCORP in a research note issued on Monday, February 6th. DA Davidson analyst M. Navas now forecasts that the company will post earnings per share of $0.85 for the year, up from their previous estimate of $0.80. The consensus estimate for LINKBANCORP's current full-year earnings is $0.78 per share.
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Other analysts have also issued research reports about the stock. Stephens lowered shares of LINKBANCORP to an "equal weight" rating in a report on Tuesday, November 15th. Piper Sandler cut shares of LINKBANCORP from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $10.00 to $8.50 in a research report on Monday.
LINKBANCORP Stock Performance
NASDAQ:LNKB opened at $8.25 on Tuesday. LINKBANCORP has a 1 year low of $7.09 and a 1 year high of $11.65. The firm has a 50 day moving average price of $8.88. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.99 and a quick ratio of 0.99.
LINKBANCORP Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Monday, February 27th.
Institutional Investors Weigh In On LINKBANCORP
Large investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC bought a new position in shares of LINKBANCORP during the fourth quarter valued at about $133,000. Stephens Inc. AR increased its stake in shares of LINKBANCORP by 91.7% in the fourth quarter. Stephens Inc. AR now owns 440,190 shares of the company's stock worth $4,116,000 after purchasing an additional 210,545 shares in the last quarter. Alliancebernstein L.P. purchased a new position in LINKBANCORP during the third quarter valued at approximately $6,934,000. EJF Capital LLC purchased a new position in LINKBANCORP during the third quarter valued at approximately $3,341,000. Finally, Citadel Advisors LLC purchased a new position in LINKBANCORP during the third quarter valued at approximately $438,000. 39.84% of the stock is currently owned by institutional investors and hedge funds.
About LINKBANCORP
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LINKBANCORP, Inc operates as a bank holding company for The Gratz Bank, a full-service state chartered commercial bank in Pennsylvania. The company's deposit products include checking accounts, saving accounts, money market accounts, and certificates of deposits. The company's loan portfolio comprises small business, real estate, agricultural, home equity, consumer lending, commercial, municipal, term, lines of credit, auto, and home mortgage and construction loans.
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